. Cyprus risks making the same mistake that Greece, Ireland and Spain made when they kept drawing the so-called “red lines” from which they would never retreat during the loan negotiations with the Troika, but in the end, they changed the red lines to green when presenting their restructuring plans. When your lender asks you
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* OTE considers selling to raise 150 mln euros * Satellite operator Hellas Sat has renewed its orbital slot for an additional 20 years to 2041 following an agreement with the government of Cyprus that could pave the way to the company’s long-expected sale. The Athens-based consortium signed the agreement in Nicosia on July 2,
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. By Nicolai Wammen Minister for European Affairs, Denmark Dark clouds hung over Europe on 1 January 2012, the day we took over the EU Presidency from Poland. The cooperation in the EU was in the midst of a crisis. Just a few weeks earlier, the EU Heads of State or Government had reached agreement
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* YESFX Trading Academy posts 93% employment rate for technical analysts * By Kyriakos Charilaou, CFTe, MSTA Head of Technical Analysis Research Department and Director, YESFX Ltd YESFX Trading Academy has recorded a 93% employment rate for all successful graduates who have passed the STA Diploma exam preparation course and our warmest congratulations go to
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* Market shrinks by 50% from 2008, fewer companies and employees * The Annual General Meeting of the Cyprus Motor Vehicles Importers Association (SEMO) was recently held in Nicosia, where the serious problems facing the companies involved in the import of new cars were analyzed. As stated by the Chairman of the Federation, Alexandros Diogenous,
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* Launches reform and growth plan for 2013 election campaign * Opposition Democratic Party leader Nicos Anastassiades said that staff provident funds at public service organization were being forced to buy government bonds to help support a bankrupt state. Speaking to an audience of business leaders in Nicosia on Monday, Anastassiades said that despite inheriting
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Cyprus should generate foreign income from the export of natural gas by 2019, trade and industry minister Neoclis Sylikiotis said on Friday, which is too far in the future to help the island overcome financial problems caused by its stricken banking sector. The minister said the vast reserves of natural gas discovered in the waters
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. By Dr Theodore Panayotou Cyprus International Institute of Management Having suffered from the colonial rule of more invaders than we care to remember, we Cypriots are mildly xenophobic and allergic to others meddling in our affairs. We are very comfortable in our little island paradise where a phone call to the right person can
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. Seeing as at 36, the Cyprus Tourism Organisation’s new boss, Marios Hannides, is just a year younger than Greece’s maverick left wing leader Alexis Tsipras, judging someone from his age would be unfair. The fact that Hannides was a CTO board member before being appointed new Director General by his peers should not be
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. By George Mouskides President, Association for the Promotion of Property Development and Manager, FOX Smart Estate Agency A fact everyone agrees with is that without economic growth we cannot exit the crisis. Looking at the issue from its European dimension we realise that any country (Greece, Spain, Portugal) that tried to solve its fiscal
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