. The current economic situation should be used as an opportunity to restructure the island’s tourism industry, chief among the reforms being the urgency for a Gaming Commission that will oversee the planning and operation of a casino industry. The benefits are many for economic, labour and even political reasons. As much as the ruling
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KPMG has launched a new service called KPMG Academy as part of the firm’s strategy for social responsibility with a goal to turn knowledge into value. Andreas Christofides, Managing Director of KPMG Limited, said at a press briefing about the new venture that the KPMG Academy aims to combine professional and academic expertise in order
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The National Bank of Greece (Cyprus) announced that Petros Fronistas has been promoted from General Manager to the newly created post of Deputy Managing Director. Also, the bank has appointed two new General Managers, Athanassios Thoukidides and Aristotelis Priftis, as the second post had remained vacant prior to Fronistas’ promotion. The bank said in an
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60 years on, KEAN exports rise “World of orange” exhibition marks anniversary The leading fruit drinks maker, KEAN, celebrates its 60th anniversary this year, taking on new challenges in the local and international markets, where exports have risen in recent years to 30-40% of their output. Kikoula Kotsapa, chairman of the family-run company, said that
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KEVE announces export awards The Export Awards Committee of the Cyprus Chamber of Commerce and Industry (KEVE) announced the following award winners in four categories: INDUSTRY Peletico Penta Ltd. – for small industrial units employing up to 50 people. Medochemie Ltd. – for large industrial units employing more than 50 people. Rolandos Enterprises Ltd. –
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New for Cyprus: Limassol’s Tiffany Mall to open in May Limassol’s Tiffany Mall, the largest shopping complex in Cyprus will open to the public on May 30. It covers 104,000 square metre of land and boasts a total of 150 shops and parking for 1600 vehicles. Located in the Zakaki area next to the new
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Iranians in 15 property deals in Cyprus, JVs underway Residency from 300,000 euros? The influx of 834 Iranians to Cyprus during the Nowrooz Iranian New Year celebrations in mid-March helped boost last month’s tourism figures, but also led to 15 property deals where Iranian nationals snapped up bargains in Cyprus. “In addition, I have information
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Marfin Popular Bank announced the successful conclusion of its capital raising effort, which through the issue of capital securities resulted in the Bank raising EUR 200 mln. On 17 March 2008 the Board of Directors of the Bank approved the issue of capital securities up to EUR200 mln. During the first Tranche held on 14
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Global shipments of personal computers slid 7.1 percent in the first quarter, industry tracker IDC said on Wednesday, although falling prices and the increasing popularity of netbooks helped keep sales from slipping even further. In a break from the past, the PC market in the United States fared better than the larger global market with
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The worst of Britain's recession may be over and there are early signs the Bank of England's quantitative easing programme may be working, according to Bank of England Monetary Policy Committee member-designate David Miles. In an interview with the Western Mail newspaper, Miles said the BoE's rate cuts and asset purchase programme were helping to
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