. By George Mouskides The number of real estate transactions, as well as price indices, shows that the real estate sector in Cyprus has shifted into a stability mode. The number of sales documents submitted during the first six months of 2016 shows a 28% increase compared to the same period in 2015. If
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Gold price flutters as risk-on approach to equities markets returns! Gold price flutters as risk-on approach to equities markets returns! By Oren Laurent President, Banc De Binary Wall Street enjoyed a bullish day of trading on Friday, July 22. The Dow Jones Industrial Average gained 0.29% to close 53.62 points higher at 18,570.85, while the
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The Cyprus Investment and Promotion Agency (CIPA) hosted a brainstorming session with the participation of state officials, high ranking public employees and representatives of business bodies to review the conditions following Britain’s decision to leave the European Union, Cyprus’ promotion strategy and the reforms needed to make Cyprus an attractive and competitive investment destination.
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Bids for a 7-year Cyprus government bond under the EMTN programme reached EUR 2,462,698,000, exceeding by two and a half times the initial target of 1 bln set by the Ministry of Finance, with a yield of 3.80%. The Ministry of Finance said that it opened book of offers aiming at raising EUR 1
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Tourist arrivals soared in June recording an annual increase of 22.6% compared to June 2015, data released by the Statistical Service show, with the Cyprus Tourism Organisation calling on all stakeholders “to continue their best effort and to work conscientiously, showing professionalism and dedication.” The comment follows the recent wave of strikes in the
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. Cyprus is entering a new phase as regards the energy sector, with the government opening up the third round for offshore oil and gas exploration license bidding this week, and the privately-funded EuroAsia Interconnector project turning a new page as regards its own licensing process. Both are probably the only projects that will
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Making sense of market volatility with a balanced financial portfolio! Making sense of market volatility with a balanced financial portfolio! By Oren Laurent President, Banc De Binary The FTSE 100 Index Surges as Relative Calm is Restored The precarious nature of global financial markets remains a source of concern to investors. Brexit fears may have
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate & Project Managers The new planning proposals for the capital as proposed by the Municipality of Nicosia, to the extent that they can be implemented in time, are in the right direction. The neglected Makarios Ave., Th. Dervis, Stasikratous etc. will
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Lebanese businessman Maurice Sehnaoui, already in control of BLC Bank which in turn wholly owns USB Bank in Cyprus, has acquired Piraeus Bank Cyprus as the sole subscriber to the EUR 40 mln capital raise, according to media reports. The deal is part of the Greek bank’s efforts to deleverage its overseas assets, but
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. The list of double taxation avoidance agreements seems to be getting longer, as two more protocols were signed recently – one with offshore Jersey, for which Britain has succeeded to secure derogation, while accusing other countries of being ‘safe havens’, and the other with India. The second one is in anticipation of the visit
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