President Nicos Anastasiades and Finance Minister Harris Georgiades had several meetings with European and Asian finance officials on the sidelines of the European Bank for Reconstruction and Development (EBRD) annual meeting taking place in Nicosia this week. During the meetings, discussion focused on EBRD-investments on the island and funded projects, as well as potential
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The President of the Cyprus Shipping Chamber, Themis Papadopoulos, took part in the deliberations of the European Shipping Executive Symposium, ‘Shaping the Future of the EU Maritime Transport Cluster’, which was held in Florence, on May 4-5. Papadopoulos was invited to take part in the top-lecvel meeting at the behest of EU Transport Commissioner
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Nearing its first anniversary of operations, Cobalt announced the arrival of a sixth aircraft to enrich its fleet and offer a wider choice of destinations. The Airbus Α320-232 is expected to start revenue flights shortly in order to satisfy the increasing demand for airline seats to and from Cyprus. The new aircraft landed at
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DP World Limassol has added a range of new handling equipment as part of an ongoing upgrade that started soon after the company took over the management of the port from the state in late January. The new equipment will “significantly enhance the efficiency and safety of port operations and reduce vessel turnaround time,”
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Anna Koukkides-Procopiou, President of AIPFE Cyprus-Women of Europe received the WEF17 Award for ‘Iconic Women Creating a Better World for All’ at the annual Women Economic Forum (WEF) in New Delhi, India this week. She was also among the main speakers at the plenary session on ‘Creating a Better World for our Children-II’, facilitated
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The French chef Eric Trochon, awarded Meilleur Ouvrier de France (Best worker of France) in 2011, and teacher at the prestigious Ferrandi School of Culinary Arts, visited Cyprus recently where he had a meeting at the French ambassador’s residence in Nicosia along with the heads of training of the Higher Hotel Institute of Cyprus and
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* Banks looking for space in Frankfurt * There are three reasons why Louis Hagen, Chairman of the Munchener Hypothekenbank and President of the Association of German Mortgage Banks (VdP), sees no risk of a property price bubble in Germany, according to the Frankfurter Allgemeine Zeitung and Die Welt. Firstly, Hagen pointed out that
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Property Valuers, Property Consultants & Estate Agents I have written on the subject in the past on the change of the government planning policy in building one’s home within agricultural areas (outside development zones) and the anticipated problems, social and economic matters that
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Aristo Developers firmly remains at the forefront of the real estate market and continues its course, as the preferred choice for foreign buyers and investors looking to invest in Cyprus property, with its participation in international real estate exhibitions in April. During this period, the company took part in over ten exhibitions held in
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The Public Debt Management Office of the Ministry of Finance announced that during the 13 Week Treasury Bills Auction on May 2, tenders for a total amount of €195 mln were submitted, out of which, €100 mln total nominal value were accepted with a weighted average yield of -0,04%. The accepted prices ranged between
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