EDITORIAL The island’s booming shipping sector, one of the safest components of the economy that regularly contributes increasing revenues, both to the government coffers and to the private sector, suffers from an unacceptable lag in state policy. Every two years Cyprus plays host to the Maritime Conference, attracting nearly a thousand delegates from the leading
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The Inter-institutional Monitoring Group for financial services (IIMG) has been relaunched, with the aim of assessing progress made on implementing the “Lamfalussy process”, which now covers all areas relevant to financial services areas: securities, banking, insurance, occupational pensions and UCITS. The Lamfalussy process aims to create a more efficient system for the EU institutions to
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OPINION Get your facts right! By Fiona Mullen A man describing himself as a German business consultant based in Cyprus wrote a critical article in a local newspaper on Friday about the environment for foreign investment in Cyprus. While some of his criticisms are reasonable, he made many more unsupported statements, some of which were
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The year 2006 could be a turning point for Cyprus tourism. For the Cyprus Tourism Organisation (CTO/KOT), it will mark the year in which the major planks of the 2003-10 tourism plan fall into place, with a completely revamped marketing strategy and various other initiatives to project a new image of Cyprus abroad. The 2003-2010
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Morgan Stanley & Co. International have upped their stake in Bank of Cyprus by a further 2.26 mln shares to a total of 6 mln shares during the last fortnight and together with a new German investor were the principle players helping support the rally on the BOC shares, according to Financial Mirror estimates based
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– Waiting for Carrefour – IKEA, Lidl recruiting A price war among supermarkets is “imminent” according to industry experts who say that the market is waiting for French giant Carrefour to make its first move in the face of competition from discount retailers. German heavy-discounter Lidl started advertising for job vacancies last week, confirming a
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President of the Cyprus Shipping Council Andreas Droussiotis told reporters on Wednesday that he was hopeful Turkey could lift the embargo in Cyprus ships and aircraft as early as March. Droussiotis was speaking at a press conference that marked the end of the biennial Maritime Cyprus Conference 2005. Turkey blocks not only Cypus-flag ships but
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