The shipping sector has proven to be a resilient force in the fragile Cyprus economy, with the primary ship-management sector growing to 5.1% of GDP and the maritime industry as a whole adding a further 2 percentage points to national output. Ship-management, as opposed to the conventional Cyprus-flag operations by locally owned vessels, generated revenues
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Members and friends of the Women’s International Shipping and Trading Association (WISTA Cyprus) discussed the hot topic of the delimitation of maritime boundaries during their recent conference, presented by Marianna Charalambous, with a Juris Doctorate in International Law and an LLM in Oil and Gas. During the meeting, Charalambous, who is an expert in the
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The international NGO for the protection of cultural heritage, Walk of Truth (WoT) participated in the International Conference Cultural Heritage Security- SIGArt, held in Croatia on May 26-27, 2014. WoT Founder, Tasoula Hadjitofi, presented "An integrated model to combat international art trafficking" to a diverse audience of eminent experts dealing with the protection of cultural
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The long road to Ithaca, to paraphrase the epic poem by Kavafis, has ended for the former Laiki Popular Bank with the 9-month journey of its integration into Bank of Cyprus completed this week. The once dynamic powerhouse, that is now revealed as sprawling with corruption and fraud ever since Evaghoras Lanitis let go of
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Cypriots make use of public transportation on a regular basis less often than all other Europeans, according to a Eurobarometer survey on transport which was conducted in Member States between September 9-11. According to the survey, only 7% of respondents in Cyprus said that they use public transport almost on a regular basis, while the
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By Jameel Ahmad, Chief Market Analyst at FXTM In the currency markets, we have a strong partiality towards focusing mainly on the major currency pairs. This is hardly surprising, considering not only is the USD the world’s largest reserve currency, but reportedly equates to nearly 70% of all currency trades. However, it is also
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By Jameel Ahmad, Chief Market Analyst at FXTM The EURUSD has continued to be sold over the past 72 hours, after the ECB became the first major central bank to introduce negative deposit rates and the markets had time to digest Draghi’s dovish press conference following the ECB rate decision. While the new ECB policy
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Cyprus President Nicos Anastasiades has ordered the state’s Auditor General to get harsher in his inspections and clamp down harder on anyone involved in public financial scandals. Speaking during the weekly cabinet meeting at the President Palace, Anastasiades told Odysseas Michaelides to show “zero tolerance” and that the government’s chief comptroller has the full backing
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At 1.875% fixed for 7 years Ryanair Holdings Plc today announced that it has issued an €850 million euro bond at 1.875%, fixed for 7 years. This is Ryanair’s first ever euro bond debt issuance and is part of its plans to access the debt capital markets to source low cost financing for its new
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* Appoints lead managers for investor roadshows * Cyprus aims to formally return to the markets with a 500 mln euro bond issue “very soon”, possibly even at the end of June, appointing Deutsche Bank, Goldman Sachs, HSBC, UBS and Russia’s VTB Capital to arrange road shows. President Nicos Anastasiades confirmed the news on Tuesday
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