Concept Solutions & Innovation Ltd, a Cypriot-based photovoltaic solutions provider, concluded and arranged the supply and financing for a mega solar park project in India worth USD 125 mln. The 75MW solar park in Pune, Maharashtra, is owned by CaptureSolar Energy Limited which mandated Concept Solutions to coordinate the private-sector deal. Concept then secured the
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* 870 businesses benefited, 1,800 jobs created, says Georgiades * Of the 660 mln euros that Cyprus has been allocated from EU structural funds, the cohesion fund and the European fisheries fund, Cyprus has already used 74%, with the rest expected to used in ongoing projects ending in next year, Finance Minister Haris Georgiades said
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President of the Republic Nicos Anastasiades has stressed that everyone's efforts should focus on the future and on planning the next steps ahead. Addressing on Wednesday evening a graduation ceremony of the Cyprus University of Technology, in the coastal city of Limassol, he said “We all need to show determination, courage and persistence on both
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The 4th review of Cyprus' economic adjustment programme is among the topics of the Eurogroup agenda. The Eurogroup intends to discuss the recommendations by the Commission for the euro area for the European semester, the banking union, the IMF`s Article IV on the euro area Policies, the 4th review of the Cyprus economic adjustment programme
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Individual per capita consumption in Cyprus in 2013 reached 92% of the European Union average, figures released today by Eurostat show. Actual Individual Consumption consists of goods and services actually consumed by individuals, irrespective of whether these goods and services are purchased and paid for by households, by government, or by non-profit organisations. Only seven
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Bank of Cyprus`s emergency liquidity assistance (ELA) declined by €170 million in May, figures released by the Central Bank of Cyprus show. The ELA funding declined from €9.400.082.000 in April to €9.230.078.000 in May. This is the second largest reduction of ELA since last December when it was reduced by €224 million. Furthermore, liquidity from
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Cyprus formally returned to the markets Wednesday after three and a half years with a 5-year €750 mln euro bond attracting strong interest and a yield of 4.75%. When the book opened earlier in the day it received €1.5 bln in interest and edged closer €2.0 bln by the end of the day, allowing the
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On occasion of the fifth anniversary of operations in Cyprus, Etihad Airways had a number of surprises in store for its passengers on Monday, June 16, in collaboration with Hermes Airports. One of the highlights included being flown to Abu Dhabi in one of the company’s aircrafts dedicated to Formula 1. With a short ceremony
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Startup Europe, the European Commission Digital Agenda action plan, is promoting the success story of Cypriot software developer InfoScreen and the innovation it introduced, Quorum, a management and company secretarial software solution. Quorum has an estimated 70% market share of law firms, auditing offices and fiduciaries in Cyprus and 16 other jurisdictions. In 2010, the
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The government considers investments in education as a primary pillar for social and economic development and supports in every way, within its potentials, both the universities and graduate and postgraduate students, President Nicos Anastsaiades said during the UCLan Cyprus university inauguration ceremony in Pyla. The Cyprus campus of the University of Central Lancashire (UCLan) was
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