Professor Andreas Theophanous, Director General of the Research Center – Intercollege has been invited by the University of Tokyo to participate in an international symposium on “Ethnic Division of Polity and Society in Post-Civil War and Under-Conflict Nations: Cyprus, Lebanon, Former Yugoslavia, Iraq and Israel/Palestine”. The symposium to take place in Tokyo on 28 January

A seminar with the title “The Energy Challenge in the 21st Century” was organised last Monday, January 15 ,in Nicosia, by the British High Commission in co-operation with the Ministry of Commerce, Industry and Tourism. Experts and consultants from the European Commission, the U.K. and the oil company British Petroleum spoke at the seminar, tackling

By Michael S. Olympios Perhaps the least investigated area of corporate governance in Cyprus is executive compensation. Disclosure of executive compensation as required by the corporate governance code is insufficient for investors and analysts to understand how professional managers are paid. Although the majority of CEO’s of listed companies are the majority holders one should

Ocean Tankers Holdings Public Company Limited has increased its fleet to four ships with the delivery of tanker M/T Montauk on 24/1/2007 in Japan, local time 3.30.  M/T Montauk has been renamed to M/T Kalia and has already hoisted the Cypriot flag.  The Company has already chartered the ship for two consecutive voyages and it

By Fiona Mullen Sapienta Economics Ltd www.sapientaeconomics.com   Tourism is down… Figures published on Tuesday showed that the number of tourism arrivals in Cyprus dropped by 2.8% from 2,470,063 in 2005 to 2,400,924 in 2006. This performance is in contrast to the rest of Europe, which enjoyed reasonable expansion. The UN World Tourism Organisation’s October

According to the Statistical Service CYSTAT, the price index of construction materials in December 2006 reached 133.72 (base year 2000=100.00), recording a marginal increase of 0.03% over the previous month. For the period January-December 2006, the index rose by 4.98% over the corresponding period of the previous year. The price of construction materials has an

Morgan Stanley has increased its direct and indirect stake in Marfin Popular Bank to 5.013% following the purchase of 772.180 CPB shares at EUR 8.0048 on January 16, 2007. The Morgan Stanley International Fund has a 4.23% stake and the Morgan Stanley New York fund 0.69%. The purchases were likely made on the day that

Agriculture Ministers of eight EU Mediterranean countries have decided to present to the European Commission a common proposal seeking action for drought striken countries.The Ministers, who met Sunday in Nicosia for the EU Mediterranean Ministerial Meeting entitled “EU Mediterranean Agriculture and New Challenges”, discussed issues concerning problems caused by drought, as well as the ongoing