For the first time, the European Community Shipowners’ Associations (ECSA), has elected a Cypriot as its Vice-President for the next two years in recognition of the role Cyprus plays in the global industry. Cyprus Shipping Chamber President Philippos Philis was unanimously elected as vice-president of the during a board of directors meeting held in Athens.
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EU Health Commissioner-designate Stella Kyriakides gave an ‘admirable’ performance during the parliamentary hearing in Brussels on Tuesday, with the health issues activist grilled by members of the European Parliament, who have already rejected two candidates. "Stella Kyriakides performed admirably during her hearing before the European Parliament this evening. She was thoroughly convincing and demonstrated her
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Euro-area growth is expected to remain weak in the rest of 2019, with the slowdown driven by weakness in industry and global trade, according to DBRS Ratings. Notable factors that have weighed on EA exports include Brexit-related uncertainty and the Chinese economic slowdown, the rating agency said in its latest macro update of view and
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Bank of Cyprus is preparing an early retirement plan for 400 staff which is to be presented before some 3,700 employees, confirming rumours circulating since July. The bank’s plan is the fourth exit scheme prepared by the bank since the financial crisis of 2013 and its subsequent bail-in by depositors. BoC’s plans were confirmed by
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The parliamentary hearings for EU Health Commissioner-designate Stella Kyriakides will be held in Brussels on Tuesday, with the health issues activist expected to be grilled by members of the European Parliament at 6.30pm local time, who have already rejected two candidates. Incoming EU Commission chief Ursula von der Leyen assigned Kyriakides the key portfolio of
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Cyprus President Nicos Anastasiades gave pardons to 21 convicts on the occasion of the 59 th anniversary of the Republic of Cyprus, marked throughout the island with military parades. Daily Phileleftheros reported that of the 21 prisoners released on the suggestion of the Attorney General, 14 were Cypriots and all had served at least half
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Vasos Hadjitheodosiou, founder and chairman of the Salamis Organisation, has died aged 83. The company is the owner of the 700-passenger Salamis Filoxenia cruise ship, as well as a fleet of commercial vessels – the cargo Alasa and the RO/RO ferries Alexo and Akritas – operating mainly in the eastern Mediterranean, between ports in Israel,
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The outlook for Oman's banking system remains negative as loan quality weakens and access to funding is tight in a subdued economy, Moody's Investors Service said in a report published Monday. "The challenging environment for businesses and households will lead to increased problem loans," said Mik Kabeya, Assistant Vice President at Moody's. "Our negative outlook
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By Hussein Sayed, Chief Market Strategist at FXTM Equity markets in Asia kicked off the week mixed after the S&P 500 posted a 0.5% decline on Friday, following the latest developments in politics and trade. Reports suggesting the US administration is considering measures to limit flows into China, through delisting Chinese companies from US stock
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. Thomas Cook unceremoniously going belly-up as the sun was setting on another summer holiday season proved how precarious the travel business is, while those who plan their lives a year in advance are not always the smartest apples. There are horror stories of couples spending thousands on a dream Cyprus wedding only for it
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