Cyprus economy is heading in the right direction and new foreign investment has started to flow in, Cyprus Investment Promotion Agency Chairman said Wednesday, noting that following the government’s decision to licence an integrated casino resort and privatize a number of state-owned organisations, important foreign direct investments are expected. Addressing the 3rd CIPA International Investment
More
The Commission awaits Cyprus` plans on the way forward with regard to the issue of foreclosures, Simon O` Connor the Commission's spokesman has said. Cyprus` international lenders have set the approval of a bill of as a condition for the disbursement of the Cyprus` €10 billion bailout, that was scheduled to be approved by the
More
A debate on Cyprus and the prospect of a settlement through the ongoing talks was held in the British Parliament on Tuesday afternoon, on the initiative of the north London MP David Burrowes. The Conservative delegate reminded his colleagues that after 40 years of division and continuing presence of more than 40,000 Turkish troops in
More
The President of Cyprus Nicos Anastasiades is in constant consultation with EU officials and European leaders since Tuesday, in an effort to secure the best possible results in the upcoming Eurogroup meeting, next Friday, that will review progress concerning the country`s 10 bln euros financial assistance programme. The Eurogroup is not expected to give the
More
European Commission President-elect Jean Claude Juncker has assigned the portfolio of Humanitarian Aid and Crisis Management to Cyprus MEP Christos Stylianides, a member of the EPP Group. Earlier reports suggested that former government spokesman Stylianides had been mooted for the Internet and Culture portfolio, working alongside Slovenia’s Alenka Bratusek initially porposed as Commission Vice President
More
Hellenic Bank, the island’s second biggest lender that was recapitalised earlier this year by private investors, has been named as one of the ‘safest banks’ in more than 100 countries, according to the Global Finance magazine survey to be published in the November issue. Banks were selected through an evaluation of long-term credit ratings —
More
. By Oren Laurent President, Banc De Binary It could very well be the biggest stock-market debut in history. The long-awaited Alibaba initial public offering will take place this month, which will put the Chinese e-commerce giant on a par with Amazon overnight and make it one of the largest listed firms in the U.S.
More
Early Tuesday evening, Lufthansa published a special flight schedule for its Munich hub for Wednesday, September 10, on www.LH.com after which the Vereinigung Cockpit (VC) pilots’ union announced further strike action, this time at Lufthansa’s south German hub, from 10am to 6pm on Wednesday. This is the third walkout called by VC union during the
More
. Marcuard’s Market update by GaveKal Dragonomics The probability that the United Kingdom will break apart now appears to be at least 50%. The weekend’s crop of opinion polls agree with each other, and support last Tuesday’s poll showing a powerful swing in favour of a ‘Yes’ vote in next week’s referendum on Scottish independence.
More
The District Court of Famagusta sentenced Kypros Kyprianou, 55, to five years in jail on Wednesday, after he was found guilty of forgery and theft from representation. Kyprianou and his property company Famagusta Developers Ltd. have also been fined 6,000 euros. He was found guilty after facing 30 charges that included fraudulent transactions, forgery, circulation
More