By Lefteris Eleftheriou  On November of 1976, when Jimmy Carter was elected President of the United States, the total amount of money which was spent by all Democrat and Republican presidential candidates was 66 million dollars. In 1992, when Bill Clinton defeated the incumbent George Bush this amount climbed to 192.2 million. During the
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English speaking expatriates in Cyprus were treated to a series of seminars on investment planning from HSBC International Financial Advisers (Malta) Ltd. Led by guest speaker, Justin Urquhart Stewart, the audience was given a valuable insight into wealth management, with advice on effective financial planning. Living and working abroad presents pitfalls and opportunities. These can
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The Cyprus Development Bank announced that the process to sell the government’s 88,01% stake and the European Investment Bank’s remaining 11.99% is proceeding smoothly after the deadline for expressions of interest expired on July 17. “A number of European interested parties, from within and outside the European Union, the Middle East, Asia and America have
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Intel Corporation, TMicroelectronics and Francisco Partners have unveiled the company name of Numonyx for the pending independent semiconductor company announced on May 22. Numonyx, being created from the key assets of businesses that last year generated approximately $3.6 bln in combined annual revenue, will focus on supplying non-volatile memory solutions for a variety of consumer
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Moody’s Investors Service said that it considers the impending merger between Emirates Bank International (EBI) and National Bank of Dubai (NBD) as a very significant and positive development for both banks, and the banking industry in the United Arab Emirates in particular and the Gulf Cooperation Council in general. However, commenting on the recent joint
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By Apostolis Zoupaniotis — Washington (CNA) Â Cyprus Ambassador to Washington Andreas Kakouris and US Undersecretary at the State Department Nicholas Burns have signed the renewal for a further five years of the bilateral Memorandum of Understanding to restrict the import of pre-classical and classical archaeological artefacts and Byzantine period ecclesiastical and ceremonial ethnological objects.
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The Cypriot political leadership, representatives of the Greek government and parliament, honoured on Friday the officers and soldiers who died defending the Republic of Cyprus on July 20 1974, when the Turkish invasion of the island began. A memorial service was held at the military cemetery of Makedonitissa in Nicosia, in the presence of President
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Total registrations of motor vehicles during the first six months of 2007 increased by 33.1% to 34,300, from 25,770 vehicles in the same period of 2006, according to the Statistical Service report entitled “Registration of Motor Vehicles”. Private saloon cars increased to 25,143 from 18,583 in January–June 2006, marking an increase of 35.3%. Of the
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The industrial turnover index (covering mining and quarrying; manufacturing; and electricity, gas and water supply) for April 2007 reached 125.2 (base 2000=100). For April 2007 the index recorded an increase of 6,6% compared with April 2006. For the period January-April 2007 the index recorded an increase of 8.3% compared to the same period of the
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The Ygeia AE medical centre in Athens, controlled by Marfin Popular chief executive Andreas Vgenopoulos, has taken a 56.7% strategic stake in the Achilleon private hospital of Limassol for a deal worth CYP 8,27 mln (EUR 14,1 mln), news reports said Thursday. Ygeia board president Vgenopoulos had declared recently that the medical company would expand
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