The Co-operative Central Bank, that was bailed out by the state with a €1.5 bln injection, recorded a net profit of €85.6 mln in the first half of the year, with its Chairman Nicolas Hadjiyiannis saying the balance sheet is robust and the result of the ECB stress tests will be manageable. He said non-performing
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Russian President Vladimir Putin has indirectly warned Turkey to back down from its activities in the eastern Mediterranean and reportedly told Cyprus President Nicos Anastasiades on Thursday evening that any violation of the Republic of Cyprus’ sovereign rights was unacceptable. The two men met had a friendly and cordial discussion in the context of a
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The annual harmonized inflation in September, recorded a significant decline in Cyprus and in the eurozone where it hit the lowest rate recorded since October 2009. According to data released by Eurostat, the September inflation in Cyprus stood at 0.0% from 0.8% in August Inflation in the eurozone stood at 0.3% (0.4% in August), while
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The ‘Haze’ idea was first conceived in Athens in early 2008. Soon after, Haze Team was established in Athens as an Event Management and Public Relations team. In 2010, the Cypriot co-founders decided to register the trade name and started expanding the operations of the team in the island. Haze Team aims to design, plan
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The European Bank for Reconstruction and Development, a household name in eastern European privatisations in the earlier part of nearly two decades ago, has a new role to play in Cyprus – helping re-engineer some of the economic sectors that failed to see the sign of the times and did not prepare to the crisis
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. By Dr. Andrestinos N. Papadopoulos, Ambassador a.h. What is happening in the Middle East, and in particular in Iraq and Syria, is the result of the ‘Arab Spring’. In its development, the ‘Arab Spring’ weakened the state and offered the opportunity to radical Islamic groups to get organised and become non-state factors in the
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. With the occasional parasites causing trouble in the eastern Mediterranean, it was high time the three countries with a vested interest in peace in these waters got together. The announcement that the Cyprus, Greek and Egyptian governments will cooperate closely to safeguard their maritime borders and, subsequently, their offshore oil and gas assets, is
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PwC reported a 6% increase at constant exchange rates in its total global gross revenues, which amounted to US$34 billion for the fiscal year ended on 30 June 2014. Revenue growth was strong across all lines of business for all of PwC’s largest firms and in all geographic regions. “With organisations and our stakeholders around
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* Effects on economic development and leadership * By Dr. Erato Kozakou Marcoullis I had the great privilege to have lived in the Nordic region for 6 years, 4 as a post graduate student in Helsinki and 2 as Ambassador of Cyprus to Sweden, with concurrent accreditation to the rest of the Nordic countries, which
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Gender equality in Cyprus still faces many obstacles: domestic violence and trafficking in women, gender-based stereotypes as to the role of women in their family, and low level of representation at the decision-making levels (both in the private and the public sectors). The Gender Inequality Index gives Cyprus 0.134, placing it 22nd out of 186
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