. By Shavasb Bohdjalian Certified Investment Advisor and CEO, Eurivex Ltd. High growth companies or existing companies that wish to expand their operations, are most likely to be in need of funding assistance. Previously, such companies would raise the necessary funds from the banks, but in view of a reluctance to lend or because of
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. Outgoing Trade and Tourism Minister Neoklis Sylikiotis seems to have got it wrong. When it comes to the tourist industry, calling on hoteliers to hire more Cypriots will not solve the problem. It will simply push labour costs and will make Cyprus even less than competitive than what it is today. The biggest problem
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Minister of Finance Vasos Shiarly has said that Eurogroup’s terms for a private firm to carry out a money laundering audit of Cyprus’ banking system, contravenes Cyprus’ laws. In statements Thursday evening, Shiarly said that according to the legal opinion of the Republic’s Attorney General, such a move would be contrary to Cyprus’ Constitution, legislations
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South African 'Blade Runner' Oscar Pistorius, a double amputee who became one of the biggest names in world athletics, broke down in tears on Friday after being formally charged in a Pretoria court with the murder of his girlfriend. Dressed in a dark suit, the 26-year-old Olympic and Paralympic superstar stood with head bowed in
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Huge untapped gas deposits almost 20,000 feet below the surface of the Levantine Sea could be a life-changer for debt-crippled Cyprus and candidates in Sunday's presidential election are rushing to reap political gains. Experts believe Cyprus, a novice in the energy sector, could be potentially sitting on hydrocarbons worth up to $400 billion. That would
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A meteorite shot across the sky in central Russia early on Friday and sent fireballs crashing to Earth, smashing windows, setting off car alarms and injuring 150 people. Residents heard what sounded like an explosion, saw a bright light and then felt a shockwave as they went to work in Chelyabinsk, according to a Reuters
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A newly discovered asteroid about half the size of a football field will pass nearer to Earth than any other known object of its size on Friday, giving scientists a rare opportunity for close-up observations without launching a probe. At its closest approach, which will occur at 2:24 p.m. EST/1924 GMT, the asteroid will pass
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AMR Corp and US Airways Group on Thursday sealed an $11 billion merger, but before they can welcome their first passenger onboard they have to get regulators to sign off and then integrate a web of intricate systems. Creating what will become the world's largest airline, with 6,700 daily passengers, will require AMR's American Airlines
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Cyber attacks against journalists and media organizations around the world have increased over the past few years as criminal hackers provide a cheap and easy way of censoring the press, a media rights group said on Thursday. The Committee to Protect Journalists said media cyber attacks, such as those that recently occurred at The New
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The International Monetary Fund has said that it continues to work with the Cypriot authorities and with its partners in the EU Commission and the ECB to develop a durable solution for Cyprus’ banking sector problems. The statement was made by IMF Spokesman Jerry Rice, when asked if the IMF Cyprus team sees a programme
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