The business environment registered significant improvement in Cyprus last year, according to the World Bank’s annual “Doing Business Report 2016” presented by the Cyprus Investment Promotion Agency (CIPA), in the presence of Undersecretary to the President Constantinos Petrides. The World Bank evaluated a total of 189 economies on the basis of ten different indicators
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Small countries like Estonia and Cyprus need to focus on services in order to be wealthy and prosperous, the Baltic state’s visiting Prime Minister, Taavi Roivas, said during a lecture at the University of Cyprus. In his lecture on “A road ahead: The secure and digital future for Europe,” Roivas said the five pillars
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* “More and better opportunities to support Europe’s future generations” * In its first year, Erasmus+, the enhanced EU programme for education, training, youth and sport with a budget of over EUR 2 bln, has already offered more than 1 mln people the opportunity to take part in 18,000 funded projects. More flexible opportunities
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* Lexus Centre upgraded with 30% growth target * Having celebrated its 50th anniversary in the Cyprus market last year, the local Toyota distributor plans to reach new milestones in 2016, a year marked by gradual economic recovery, as well as challenges and opportunities, according to Managing Director Dickran Ouzounian. Already, 2016 has started
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. By Oren Laurent President, Banc De Binary The Chinese economy is in the process of a 180-degree transition from an export-oriented powerhouse to an economy which is focused on services, manufacturing and the urbanisation of millions of people. This delicate balancing act appears to the world under the guise of structural weakness, but it
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While the recovering economy is supporting loan recoveries and depositor confidence, Bank of Cyprus’ (deposits Caa3 stable, baseline credit assessment caa3) and Hellenic Bank’s (Caa2 stable; caa3) extremely weak loan quality will only gradually improve in 2016, Moody’s Investors Service said in a report on Tuesday. “The economic recovery and a raft of new
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Cyprus, bailed out by the Troika of international lenders in 2013, is about to exit the ‘adjustment programme’ in March, just as the economy has resumed its growth path, Finance Minister Haris Georgiades said after briefing the European Parliament on Monday. Speaking after a meeting with the EP Committee on Economic and Monetary Affairs,
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By Lukman Otunuga, Research Analyst, FXTM Stock markets were swift to relinquishing their gains during trading on Monday following the very steep depreciation in oil prices which chipped away at confidence in the global economy and soured risk appetite, while the benchmark WTI dropped to $29.50 on Tuesday. The expectations around central banks unleashing
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Sentiment among German businesses weakened at the beginning of the year, with the Ifo Business Climate Index for industry and trade falling to just 107.3 points in January from 108.6 points in December. Assessments of the current business situation were scaled back slightly, but remained very good, the Ifo report said, adding that “business
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The cold front affecting Cyprus is expected to continue into the night on Monday with snow in the mountains, as temperatures will drop to zero inland, 2C inland and -9C at higher altitudes, according to the Met Service. On Tuesday, the light snow will continue over the mountains leading to light showers at lower levels.
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