. By Dr. Jim Leontiades Cyprus International Institute of Management It is now some 17 years since a group of countries came together to establish a common currency, the Euro. For the first years of its existence, the Eurozone group of countries had considerable success. The group eventually implemented a series of institutional and regulatory
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FBME Bank, the Cyprus arm of the Tanzania-based lender whose license was revoked by the Central Bank of Cyprus last week, on the grounds of alleged money laundering, has lashed out at the government in an open letter to the President, challenging his neutrality on the matter and alleging in turn a dose of corruption
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London’s office real estate market will see rapid growth over the next 12-18 months, while the Paris market will remain subdued as a result of ongoing sluggish macroeconomic growth, according to Moody’s Investors Service. UK GDP growth has been much stronger than France’s in recent years, although Moody’s expects that this gap will narrow in
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When the first superyacht sailed into Limassol Marina back in 2013, few could believe that this would be the beginning of a new era for Cyprus. M/Y Anastasia made history as the largest vessel to enter a marina on the island. Peering over the lighthouse, her slick 75m claimed its position along the south eastern
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. Marcuard’s Market update by GaveKal Dragonomics By François-Xavier Chauchat As a Frenchman visiting Italy last month, I had the strong sense that for the first time in decades France was lagging its transalpine neighbour. Italian business and consumer confidence has picked-up over the last two years, and unemployment has declined for four straight quarters.
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. By Oren Laurent President, Banc De Binary When the Federal Reserve decided to raise interest rates by 25 basis points, there was growing concern among many analysts, economists and speculators that the move would hurt emerging market economies. However, after careful consideration it has now emerged that some of the biggest beneficiaries of the
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The cabinet decided on Monday to give the ENI-Kogas joint venture a two year extension in order to continue its explorations within Exclusive Economic Zone in blocks 2, 3 and 9, on the eastern side of the Cyprus waters. Energy Minister George Lakkotrypis said after the cabinet meeting that the consortium’s request for exploration until
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* Record €47.9 mln for Jan 2016 series; 2015 total reaches €205.18 mln * The Public Debt Management Office (PDMO) at the Ministry of Finance has auctioned a record EUR 47.9 mln 6-year retail bonds, with the January 2016 series setting the pace for the government’s financing needs in the new year. With the
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* 180-seat Airbus A320 leased, more to follow * Cobalt, the new Cyprus-based airline that plans to launch full commercial operations by the end of the first quarter of next year, has already rented premises, hired 22 staff and leased an Airbus A320, with more aircraft expected to be added to the fleet. The low-cost
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The Risk Watch Column: By Dr Alan Waring ‘Honi soit qui mal y pense’. This Old French motto meaning ‘may he be shamed who thinks evil of it’ is written into the coat of arms of Her Britannic Majesty’s Government on the front cover of every British passport. The motto implies that it is incumbent
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