* Importance of Greek shipping for global economy * Posidonia 2016, the world’s most prestigious shipping event, was inaugurated on Monday evening by the Prime Minister Alexis Tsipras and attended by heads of states, European Union officials, Greek cabinet members, foreign maritime ministers, board members of the Union of Greek Shipowners, chairmen of international organisations
More
* Record year for arrivals, hoteliers expect 3.5 mln visitors * President Nicos Anastasiades told hoteliers on Tuesday that the government is planning a comprehensive reform for the tourism sector, which includes creating a cabinet post for an under-secretary in charge of tourism. However well intended, the pledges were not well received by members
More
Seasonally adjusted GDP rose in Cyprus by 0.9% on a quarterly basis in the first quarter of 2016 and by 2.7% on an annual basis, according to an estimate published by Eurostat, the statistical office of the European Union. In the same quarter, in the euro area GDP rose by 0.6% and by 0.5% in
More
Cyprus recorded a rate of deflation of 1.9% in May, slightly more upbeat than the -2.1% in April, official data published on Tuesday show. According to data from the Statistical Service, the corresponding deflation rate for May last year was -1.7%. The data is based on the evolution of the Harmonised Index of Consumer
More
One of the greatest works of the operatic repertoire and one of the leading lyric masterpieces of all times, the outstanding Don Giovanni by Wolfgang Mozart is to be presented at the 18th edition of Pafos Aphrodite Festival on September 2, 3 and 4 at the square of the Medieval Castle in co-production with the
More
Human resource (HR) professionals in Cyprus were offered the opportunity to attend the industry-designed Human Resource professional certifications Certified Professional (SHRM-CP) and Senior Certified Professional (SHRM-SCP) developed by the Society for Human Resource Management (SHRM) in the US. CIIM’s associated international expert, Brad Boyson, joined CIIM to offer the first preparatory course to a
More
Hellenic Bank has launched the PayBand, an innovative wristband which enables its owner to complete contactless payments of up to 20 euros quickly and easily, without the use of a wallet. It is the first bank in the region to launch the technology and one of only six in Europe. PayBand is the result
More
The Council of Ministers has approved the reduction of the immovable property tax rate by 50% and abolished the immovable property tax collected by municipalities and communities. “Today we made another important step towards tax reform and reducing the tax burden for households and corporations,” Finance Minister Harris Georgiades said following after the cabinet
More
. And what about a Brexit referendum? By Oren Laurent President, Banc De Binary The week ending Friday, June 3, was a wretched one for the USD. The US dollar index, denominated by DXY in the financial markets plunged to 94.029 from a day’s high of 95.638. For the year to date, the US dollar
More
. This week marks a historical turning point for Cyprus in general and the travel industry in particular. The new Cypriot national carrier, Cobalt, sees the arrival of two of its initial fleet of aircraft and the launch of a familiarisation trip to Athens for guests and associates from the tourism industry. Furthermore, with
More