Fleet Management Ltd. Hong Kong, the Indian-owned shipmanagement company, is hosting its principals, partners and friends from across Eurasia and the Americas at a special event at the Hilton Hotel in Nicosia, Cyprus on Friday to celebrate its 20th anniversary. Headquartered in Hong Kong, and part of the Caravel Group, Fleet Management Ltd. is the

European Investment Bank President Werner Hoyer has said that the EIB will look into investing in an LNG project once a project is on the table. Replying to a question on reports that the EIB will be funding an LNG terminal on the island, Hoyer said that “I never heard about it”. “We are here

The European Bank for Reconstruction and Development (EBRD) forecasts zero growth for 2015 and a 3.5% fall of GDP in the current year for Cyprus. A September report about the “Regional Economic Prospects in EBRD Countries of Operations” notes that conditions in Cyprus are gradually improving, but output is still expected to fall further this

President of the Republic Nicos Anastasiades, departs Friday for New York where next week he will address the 69th UN General Assembly, and hold a series of meetings with world leaders including US Vice President Joe Biden and Russian Foreign Minister Sergey Lavrov and UN Secretary General Ban Ki-moon. Before arriving in New York, the

The Cultural Institute of the Democratic Rally in cooperation with the Chinese Ministry of Culture and Embassy in Nicosia, are organising a China-Cyprus Cultural Festival from October 2 to 5 in Cyprus, which will include traditional Chinese opera, a photograph exhibition, and a lecture. Speaking at a press conference, President of the Cultural Institute Prodromos

Four people arrested late on Thursday in Paphos are expected to appear in court on Friday, with the chief executive of Aristo Developers and his wife facing charges of zoning violations, alleged property fraud and forgery in deals in the area of Skali. The court will decide if a remand order will be issued for

Scotland voted on Thursday to stay part of the United Kingdom, in a calm and democratic referendum that split the country in half, but reunited them in calls for more power given to the Scots themselves, as Brussels and fragile EU nations watched closely.   After nearly 3.5 mln people went to the polls in

The Cyprus Rally 2014 Starting Ceremony begins today afternoon in front of the Ministry of Finance in Nicosia. The cars will leave the ramp and instantly enter the Super Special Stage for 5.98 kilometers of rallying action through the city streets, passing through an area in the Turkish occupied town of Nicosia, and then return

The closing of the Placing and Open Offer of the Bank of Cyprus Public Company Ltd successfully took place on Thursday, according to a press release. The Bank of Cyprus has received full payment for the Placing Shares and the Open Offer Shares and has issued 4,166,666,667 new ordinary shares with nominal value of €0.10