. Veteran lawyer Eleni Vrachimi recently stated the obvious – that the island’s judicial system is archaic and needs a revamp. She was not condoning the system itself, but the attitudes that seem to rule over some of the judges, especially in the Supreme Court and the way some appointments take place. Having been in
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. By Dr. Jim Leontiades Cyprus International Institute of Management During the days of apparent prosperity, before the 2013 bail-in, the country’s rapid economic growth encouraged a false sense of security, as well as an attitude of “live and let live”. No one was inclined to look too closely at inefficiencies or possible corruption. Obvious
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Bank of Cyprus Public Group Chief Executive Officer, John Hourican, is stepping down at the end of August, having completed nearly two years at the helm of the struggling-to-recovery bank. The news came as a bombshell as it coincided with the bank’s return to normalcy, having been forced to seize unsecured deposits as part of
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By Alex Gurr, Market Analyst at FXTM The EURUSD has encountered bearish momentum following the reports that Greece ordered local governments and enterprises to put cash into the central bank ahead of the likely default of an IMF payment on the 1st of May. While the EURUSD has enjoyed a modest recovery in recent weeks,
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In a state of renewal, the election of the new Board of Directors of the Cyprus Land and Building Developers Association took place recently. Well-known young business man, Panikos L. Livadhiotis, one of the owners of Lefteris Livadhiotis and Sons Group, was appointed Secretary General of the board. Mr. Livadhiotis has been a member of
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The President and Chief Executive Officer of Etihad Airways, James Hogan, has met the European Commission Transport Commissioner, Violeta Bulc, to highlight the benefits which the airline delivers to European consumers, outline the multi-billion euro contribution which it makes to European economies, and reinforce the risks associated with rising protectionist sentiment. Mr Hogan said aviation
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By Alex Gurr, Market Analyst at FXTM The oil markets showed promise last week, with WTI breaking through critical resistance at $56 following a weaker than expected crude inventories report from the United States. The WTI bulls found further momentum after a report by the EIA indicated that proven reserves in the US had dropped
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Launched in 2011 by the European Commission to help 24-35 year olds across Europe quit smoking, and successfully continued in 2012 and 2013, the 2015 edition of the ‘Ex-Smokers are Unstoppable’ campaign is more determined than ever to help young people abandon tobacco and promote the many benefits of a smoke-free lifestyle. Better health and
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Limassol-based shipping company Lavar Shipping, on the year of its 50th anniversary, is celebrating victory in this year’s Ayia Napa Triathlon Team Event, which took place on Sunday 5 April at the Nissi Beach resort. The Triathlon, organised by the Municipality of Ayia Napa, in collaboration with the Cyprus Triathlon Federation and Nireas Triathlon Group,
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In accordance with its international commitment to continuous development, DHL Express Cyprus recently completed an upgrade of its facilities in Nicosia, Limassol and Larnaca. The company renovated its offices and customer service points with the aim of improving the delivery of services to its customers as well as the working conditions of its people. The
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