. There’s always chatter about trust and where it applies when it comes to our public figures like politicians, mayors, teachers, doctors, police and even company directors. I’m not sure how many people keep a trust chart on their bedroom wall (old school) or have a digital app on their smartphone (if phones are so
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Turkey’s upcoming local elections on 31 March may just see Turkish President Tayyip Erdogan’s AK Party losing control of some of the country’s key large cities. A possible weak showing by the AKP would be a symbolic blow and illustrate how frustration over the Turkish economy can hurt a politician long seen as unbeatable. After
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. There is a worrying trend of carelessness in the banking sector, with stakeholders sticking their heads in the sand unaware that the drop in deposits held by Russians is just the tip of the iceberg and could grow to become a major problem. The end of 2018 saw third-country national deposits shrink by EUR
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Electricity interconnection between the two communities is a bridge builder after the two Cypriot leaders agreed that both sides of the divide are to be interconnected on a permanent basis without the need for agreements every time there is an emergency. A development welcomed by electricity authorities on both sides of the ceasefire line. Cyprus
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. Not very long ago the economic performance of the currency union known as the Eurozone appeared promising. Member countries clearly gained benefits from the adoption of the euro. More recently signs are appearing that is cause for concern, Italy is in recession. Germany was very close to one only a few months ago and
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One of the eurozone’s longest-serving finance minister’s Cypriot Harris Georgiades said on Friday he is standing down from his post at the end of the year after achieving what he set out to do. Georgiades, 46, is credited with navigating Cyprus through a painful bailout process in 2013 when its banking system nearly
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Rare genetic errors in patient genes and new mutations have been identified by scientists of the Cyprus Institute of Neurology & Genetics (CING) via innovative research of Next-generation DNA sequencing technology carried out over two years with financial support of RCB Bank. Typical is the case of a Cypriot family which, 30 years later, has
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Cyprus-based Eurobank posted improved net profits in 2018 of EUR 42.5 mln from EUR 41.1 mln the year before. According to an announcement issued by the bank on Friday, Eurobank has a strong capital position, with the Capital Adequacy Ratio with the CET1 standing at 24.5% from 26.6% in 2017. The bank also has “strong
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A delegation of international diplomats comprised of commercial representatives from various foreign embassies in Athens visited the construction site of Ayia Napa Marina. The visit was part of a wider initiative to enhance and promote business opportunities in Cyprus. The high-profile visitors were welcomed by Stavros Caramondanis, CEO of M.M Makronisos Marina Ltd, who highlighted
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Only Luxemburg (48%) has a higher share of resident non-nationals in the European Union than Cyprus (17.2%). Relative to its population (864,236), Cyprus has the second highest share of non-nationals in the EU resident on the island with 114,536 being EU citizens and 34,632 being third country nationals. In relative terms, the EU Member State
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