. Three separate events this week drove home the message that cooperation is needed at all levels, public and private if Cyprus is to rightfully claim its place as a market leader in services, policy and world trade. The first was a unique brainstorming event for managers in Limassol, organised by the same people who
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The Cyprus shipping sector, accounting for about 7% of GDP output with annual earnings of more than EUR 1 bln, is just as concerned with world trade developments and new sulphur emission controls as any other maritime cluster, head of the shipowners said. The difference is that the island’s shipping community also has to deal
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The international maritime search & rescue and non-combatant evacuation five-day exercise “Argonaut 2019” concluded Friday in Larnaca, with the UK contributing dozens of participants and military assets. The exercise included four phases: · Phase One featured a tabletop exercise on the implementation of the National Plan “ESTIA”. · Phases Two and Three featured search and
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Cyprus is bracing itself as the most radical reform of its national healthcare system launches on Saturday with doctors expecting serious glitches as they believe that hospitals are not ready for the changeover. Just 24 hours before the General Healthcare System (GHS) kicks-off, the largest shake-up in social welfare, the public doctors union PASIKY, said
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Cyprus is one of the most stressed-out countries in Europe and is near the bottom on an international list portraying the anxiety levels of its citizens. Despite the fact that Mediterranean countries are known for their laid-back lifestyle, Gallup's Global Emotions Report shows that Cypriots are among the most stressed people on the planet, even
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Larnaca is set to see construction of its first shopping centre, the ‘Metropolis Mall’, begin soon as owners Acsion Group have obtained all relative building permits. South Africa-based Acsion Group, founded by Cypriot Kyriakos Anastasiades, included in its annual financial report that they have obtained construction permits for the 39,000 sqm shopping center, which is
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Assets Under Management (AUM) and Undertakings of Collective Investments (UCIs) in Cyprus rose to €6.7 bln in Q1 2019, a 7% increase on the previous quarter. According to the Cyprus Security and Exchange Commission`s (CySEC) quarterly report for Q1 2019, the total number of supervised entities reached 187 Undertakings for Collective Investments (UCIs) and Management
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Cyprus is willing and ready to assume the responsibility of being a safe transfer hub in the volatile region of the Middle East, said Minister of Foreign Affairs Nikos Christodoulides. Addressing the final phase of the multinational exercise Argonaut/ESTIA at Larnaca Port, Christodoulides said the increased interest is not just the result of the high
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Tourist arrivals in Cyprus this summer are expected to record a slight dip on last year, according to President of the Association of Cyprus Travel Agents (ACTA). Vasilis Stamataris told CNA that the decrease is attributed to competition from neighbouring countries, the uncertainty over Brexit, the closure of Germania airline and the fact that many
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By Lukman Otunuga, Research Analyst at FXTM Italy has been thrown back into the spotlight this week after the European Commission (EC) asked for “clarification” on the nation’s deteriorating debt situation. Should this development lead to another round of disagreements between the EC and Italian authorities, it certainly will not bode well for the Euro
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