Each year, thousands of European companies lose business and miss out on contracts as a result of their lack of language skills, according to a study carried out for the European Commission during 2006 by CILT, the UK National Centre for Languages, published today. The findings suggest that there is enormous potential for small businesses
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This study was commissioned by the Directorate General for Education and Culture of the European Commission in December 2005 and undertaken by the UK National Centre for Languages, in collaboration with an international team of researchers. Its objective was to provide the Commission and decision-takers in Member States with practical information and analysis of the
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In less than three years, the official languages of the European Union have more than doubled, growing from 11 on 30 April 2004 to 23 on 1 January 2007. The Directorate-General for Translation of the European Commission boldly took up this extraordinary challenge, incorporating more languages in 32 months than in the previous 46 years.
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Citigroup has reiterated its “Buy†recommendation on the shares of National Bank of Greece (NBG) and its price target of EUR50 per share placing NBG among its top European bank picks with a good possibility to revise higher its forecasts following a presentation by the Bank in London. NBG presented its new business plan and
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The Monetary Policy Committee (MPC) of the Central Bank of Cyprus has decided that the minimum bid rate on the main refinancing operations, the interest rate on the marginal lending facility and the interest rate on the overnight deposit facility remain unchanged at 4,50%, 4,50% and 2,50%, respectively.Following an extensive discussion, the MPC noted that
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A British tourist was sentenced to a total 21 years in jail Friday for causing the death of a Cypriot teenager who was riding his moped in the holiday resort of Protaras last summer and seriously injuring the passenger. Julian Harrington, 39, was found guilty for the manslaughter of 17-year-old Christos Papiris and was sentenced
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By Fiona Mullen  Society should be judged by how it treats its … [fill in the gap]. In the context of the Council of Europe campaign against trafficking on February 15th-16th and as we run up to International Women’s Day on March 8th, the word(s) in that gap could be “womenâ€. But they could
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 By Dr. Jim Leontiades Cyprus International Institute of Management  Goldman Sachs, the noted investment bank, has started a global debate about the opportunities presented by the emergence of five economic powers which promise to revolutionize our perception of the world economy, the opportunities it offers and the institutions which govern it. These are
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Julius Baer is forecasting an oil price of $58-66 per barrel for 2007, with a mid point forecast of $62/b WTI (West Texas Intermediate), which seems reasonable after the recent weakness in prices at the start of the year, according to Dr. Leo Thomas Schrutt, Managing Director Bank Julius Baer & Co Ltd. Schrutt was the guest
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— EUR 950 mln Neapolis city to create 8,000 jobs  The Leptos Group, the family-controlled property and leisure group that includes two public companies listed on the CSE, is embarking on a three-pronged offensive at home and abroad to realise some life-long ambitions of becoming the leading property developer in the region. Although the
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