Property prices were down 0.4% for apartments and 0.3% for homes in the second quarter, according to the latest index produced by RICS Cyprus. The areas that saw the biggest quarterly drops were Nicosia and Larnaca. The 23rd edition of the RICS Cyprus quarterly Property Price Index said that the biggest drop was in Larnaca
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. Marcuard's Market update by GaveKal Dragonomics – The People’s Bank of China sprang a surprise on Tuesday morning, lifting the daily fixing rate for the US$-CNY exchange rate by 1.9% and triggering an effective 1.8% devaluation of the renminbi—the currency’s biggest one day move since July 2005 when Beijing started its exchange rate reforms.
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This year’s KEANITA competition concluded in July, with a memorable educational trip for the young winners. The ecological competition, within the framework of the program “KEANITA Thinks Green”, takes place every two years in collaboration with TetraPak and the Ministry of Education and Culture, with the aim to create awareness among children about the environment
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By Jameel Ahmad, Chief Market Analyst, FXTM The second trading day of the week commenced with an unexpected surprise after the People’s Bank of China (PBoC) shocked the markets overnight by devaluing the Yuan in a move that has blasted the USDCNY from 6.21 to 6.37 in just a few hours. China has acted swiftly
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The Greek government agreed with its creditors on the primary budget targets for 2015-2018, according to government sources cited by the Athens News Agency on Tuesday. The two sides agreed on the following targets for the primary budget: – in 2015, a primary deficit of -0.25% of GDP; – in 2016, a primary surplus of
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Bank of Cyprus has been greenlighted by the Commission for the Protection of Competition (CPC) to sell a 65% controlling stake in the holding company of the Thomson Sensatori Aphrodite Hills Resort near Paphos, to a group of US-based investors, with an estimated benefit of €58.5 mln. Though transaction details were not revealed, the sale
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Cypriot-owned firm awarded by Capital Finance International In yet another recognition of its outstanding performance, Alpen Invest, the investment firm that presented its portfolio and strategy in Nicosia this June, has been named as the Best Fund Management Team in South Eastern Europe for 2015 by Capital Finance International. Headquartered in London, Capital Finance International
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The Ifo Index for the economic climate in the euro area edged downwards in the third quarter of 2015 and dropped to 124.0 points from 129.2 points last quarter, the Munich-based research institute said Thursday. While assessments of the current economic situation brightened slightly, the six-month economic outlook clouded over markedly, Ifo said, adding that
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Microsoft Cyprus also actively committed to supporting local communities in Cyprus In recognition of its outstanding performance and strong track record in responsible corporate practices across the United States, Microsoft has topped Corporate Responsibility magazine’s 15th list annual 100 Best Corporate Citizens, rising from its fourth place achievement last year. The overall ranking was based
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* Elements subsidiary wins CFI award for best fund managers * Elements Capital Partners, a Cyprus-based investment house that focuses on distressed assets and private equity opportunities in south eastern Europe, plans to raise funds under management in order to have the financial arsenal to grab opportunities in the area. With some EUR 900 mln
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