. The government may be a bit upset at the slow pace of events at the Bank of Cyprus, but it does not seem to be pushing for a speedy return to normality, with thousands of small businesses suffering from lack of money supply in the market. Across the continent, on a different island where,
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. By Shavasb Bohdjalian, CEO of Eurivex Small-to-medium-sized enterprises (SMEs) are best advised to follow the European trend of bypassing the banks in search of financing by issuing corporate bonds and then listing them on the Emerging Companies Market of the Cyprus Stock Exchange. Despite massive injection of liquidity by the European Central Bank (ECB),
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. Marcuard's Market update by GaveKal Research Are China’s leaders efficient technocrats who can rule without the messy impediments of democracy, or hapless bureaucrats ensconced in a corrupt system they cannot change? Many foreign admirers prefer the former picture, but within China the corrupt-bureaucrats image is ever more widely held. Former Premier Wen Jiabao stoked
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Moody's Investors Service has assigned a first-time provisional (P)B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR) to Frigoglass S.A.I.C., one of the world's leading manufacturer of beverage coolers and one of the largest glass bottle manufacturers in West Africa and the Middle East. Concurrently, Moody's has also assigned a provisional (P)B1
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. * Cyprus maintains its comparative advantages * By Christodoulos Angastiniotis Chairman, Cyprus Investment Promotion Agency (CIPA) The recent adverse developments in the Cypriot economy render foreign investments and efforts to attract them an even more significant factor for the business environment, economic growth and employment in Cyprus. Within a difficult economic environment, the Cypriot
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A deepening recession and banking stress tests could find Italy's mid-sized lenders short of billions of euros, putting the state on the hook for a new wave of cash calls and triggering an overhaul of how they do business. Even ahead of the European stress tests, expected to take place when or shortly before the
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Domestic demand in the property market recorded a decrease after a Eurogroup decision on Cyprus last March and restrictions imposed on transactions which followed. According to the Republic’s Land Registry Office, the decrease was recorded in all cities except the western coastal town of Pafos, which appears to benefit from the interest of foreign investors,
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U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov said on Wednesday they believed they could pull off peace talks on Syria, where their nations back opposing sides in a war that may have cost 120,000 lives. Differences between Russia, a main ally of President Bashar al-Assad, and the United States,
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The Executive Board of the International Monetary Fund (IMF) approved today a three-year SDR 891 million (about €1 billion, or US$1.33 billion; 563 percent of the country’s quota) arrangement under the Extended Fund Facility (EFF) for Cyprus in support of the authorities’ economic adjustment program. According to an announcement of IMF, the approval allows for
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A team of experts on Anti Money Laundering (AML) of the Council of Europe`s Moneyval believes that certain features of the international banking business in Cyprus may contain "inherent risks." As part of the preconditions set out by Cyprus` partners in the Euro area for a €10 billion bailout, Moneyval carried out a "unique evaluation"
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