Research scientists at The Cyprus Institute have computed the atmospheric dispersion of debris from the Mari ammunition explosion on July 11 using the Weather Research and Forecasting (WRF) model. A high-resolution computational model of the atmosphere (3×3 km resolution) was used together with meteorological observations, starting at 6am local time. The explosion cloud was computed
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Cdbbank, formerly the Cyprus Development Bank that was privatised in 2008, opened its first branch in Limassol and its second islandwide last week, with executive chairman Rena Rouvitha Panou declaring that the bank will continue to enhance its retail services and its expansion plans with its Russian subsidiary moving to new premises in Krasnodar and
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* Piracy, energy and seafarer labour concerns * The Maritime Cyprus 2011 conference was underway at the Evagoras Lanitis Conference Centre in Limassol on Monday and Tuesday with the participation of some 700 delegates from companies, service providers and organisations in 35 countries who discussed the key issues of safety, energy management and long term
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. By Andrestinos N. Papadopoulos, Ambassador a.h. It all started when Turkey decided to implement the “neo-Ottoman” policy of her Foreign Minister Ahmet Davoutoglou, which obliged her to chose between Israel and the Arab world. The ambition of Prime Minister Erdogan to play a leading role in the region gave priority to the Arabs. The
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. Senior management – not budget limitations – is the greatest obstacle to improving in-home services, according to new research from the Economist Intelligence Unit. In all, 25% of respondents in a survey of in-home service providers lay the blame on senior management for failure to act in this area, while 19% point to budget
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Automotive experts at PwC are forecasting a tough last quarter for the automotive sector despite new car registrations rising by 7.3% in August across Europe, an increase of 53,000 units compared to August 2010. Although welcome, the August increase is largely due to comparison with a weak August in 2010 in the main markets and
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. BY COSTIS STAMBOLIS As the Greek government is scrambling hard to avoid a looming default and eventual exit from the euro, the need for the state to raise much needed revenue, even on a long term basis, seems to have acted as a catalyst in its effort to accelerate plans for hydrocarbon exploration and
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Asian stocks rose on Friday and the euro clung to gains from a 2-cent rally after euro zone policymakers moved to shore up struggling banks and fend off a financial crisis. The European Central Bank (ECB) announced aggressive liquidity measures on Thursday, throwing a lifeline to lenders who have seen wholesale funding drying up as
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Greece said on Thursday it concluded talks with the IMF on a vital tranche of aid but inspectors said negotiations on the bailout were continuing and that there was no final conclusion with any party. Inspectors from the European Union, the International Monetary Fund and European Central Bank — known as the troika — resumed
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German Chancellor Angela Merkel said on Thursday Europe should not hesitate to recapitalise its banks if this prevents greater economic damage, and leaders would take very seriously expert advice that the time was ripe for such a step. She added banks should first tap markets to boost liquidity and then turn to national governments and
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