The Council of Ministers approved the Memorandum of Understanding for cooperation in the sector of energy between the Ministry of Energy, Commerce, Industry and Tourism of the Republic of Cyprus and the Ministry of Energy and Mineral Resources of Jordan. Deputy Government Spokesman Victoras Papadopoulos said the MoU provides for cooperation in exchanging information, expertise,
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The US recognizes Cyprus rights as regards its Exclusive Economic Zone, US State Department Spokesperson Jennifer Psaki has stressed. “We recognize the Republic of Cyprus’s rights about its resources in its Exclusive Economic Zone. We continue to support strongly the negotiation process conducted under the UN Good Offices to reunify the island into a bizonal
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Ukrainian movement EuroMaidan, Congolese gynaecologist Denis Mukwege and Azerbaijani human rights activist Leyla Yunus are the three finalists for this year's European Parliament Sakharov Prize for Freedom of Thought, as voted jointly on Tuesday by the Foreign Affairs and Development committees. The winner will be decided by Parliament's President and political group leaders on 16
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. By Oren Laurent President, Banc De Binary The sustaining of the global economic recovery has been one of the hottest topics among the G20 nations for several years. Now, at the forefront of this debate, is France and Italy’s defiance of targets, which clashes loudly with Germany’s tough stance. The rhetoric is fierce; the
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. Marcuard's Market update by GaveKal Dragonomics Rightly or wrongly, the US payrolls have for years been the biggest market-moving event in the monthly news cycle. The market action on Friday was a reminder of their totemic power. We have repeatedly noted the mesmerising effect of the monthly payrolls, not just on Wall Street but
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Greek retail giant Jumbo reported a 37% rise in annual net profit last week and said it was reinstating its dividend after benefiting from strong sales in Cyprus and Bulgaria. Jumbo, which operates 52 stores in Greece and 14 in Cyprus, Bulgaria and Romania, said it was proposing a dividend of 18c a share, a
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The medium-term outlook for the Baltic countries banking system has been dropped from ‘stable’ to ‘negative’, Moody's Investors Service aid in its latest report, based mainly on the upcoming implementation of a bail-in regime across Europe. The rating agency said that the 12-18 month outlook forecasts negative credit implications that outweigh the positive developments within
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Hong Kong-based Fleet Management Ltd., the fourth biggest shipmanagement company in the world, plans to expand its Cyprus operations by enhancing its Cyprus subsidiary FML Ship Management. In an interview with the Financial Mirror, the company’s local Director and General Manager, Sunil Kapoor, said that the Cyprus office was set up seven years ago to
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The outlook remains negative for Poland's (A2 stable) banking system over the next 12 to 18 months, because the negative implications for investors of a pending resolution and bail-in regime outweigh the healthy financial fundamentals of the country’s, Moody's Investors Service said in its latest report. "The recent adoption of the Bank Recovery and Resolution
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Another fundraising deal was recently concluded by the Cyprus Business Angels Network, with several of its members investing in a promising Cypriot start-up. Nicosia-based Course Management Platform, Teach ‘n Go, has closed a seed round of funding through CYBAN, for an amount ranging between €200,000 and €400.000, based on specific milestones, led by Cygen Ltd,
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