Research carried out by the Cyprus Institute confirms that the region’s weather in the near future will be much much drier and warmer. In a press release to mark World Environment Day, celebrated on June 5, the Institute notes that by the end of the century the very hot days and nights of the Summer
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Non Performing Loans (NPLs) reached 26.77 billion euros in March 2014, and increased by 212 million euros, solely due to the increase of NPLs in the Cooperative, according to data released on Wednesday by the Central Bank of Cyprus (CBC). Loans at commercial banks reached 41,76% in March or 20.02 billion euros compared to 41.34%
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Bank of Cyprus plans to sell its Russian operation as part of a restructuring launched by its new chief executive John Hourican to shore up the lender’s capital and refocus on its domestic market a year after it collapsed, according to the Financial Times. The report follows a press briefing in Nicosia on first quarter
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* The key economic challenges need to be frontloaded if we are to reach a settlement * By Fiona Mullen, Director Sapienta Economics Last week, Alexander Apostolides, Mustafa Besim and I presented our co-authored “The Cyprus Peace Dividend Revisited”, published by the Peace Research Institute Oslo (PRIO). Copies of the report can be downloaded from
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. Deriving from the Afrikaans word for racial segregation or simply put, “the state of being apart”, the government’s year-long two-tiered strategy on labour reintegration finally seems to be over. Or is it? Undoubtedly, those who conceived the short-term labour-reintegration programmes during the past 12 months had just one thing in mind: satisfy voter demand.
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. By Oren Laurent President, Banc De Binary The world’s largest economy has been giving off mixed signals over the last week or two. American gross domestic product contracted in the first quarter of 2014 but stocks are trading at all-time highs and the number of unemployment claims is in decline. How do we explain
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. Marcuard's Market update by GaveKal Dragonomics Narendra Modi stands as India’s most powerful prime minister in 30 years with a mandate to pursue a pro-economic growth agenda. The reason to stay with the most compelling trade in emerging markets is that a clear reform impulse has been articulated while the capital spending cycle is
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Coca-Cola HBC AG announced that Anastasios P. Leventis, Haralambos K. Leventis, John Hunter and Stefan Heidenreich will retire from the board at the annual general meeting on June 25 with proposals of Anastasios I. Leventis, Christo Leventis, José Octavio Reyes and John P. Sechi for election at the AGM as a non-executive director. "I look
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Although the eastern Mediterranean is not known for its heritage of mermaids as well as other sea creatures and damsels, a six-metre tall statue now straddles on top of the Porto Bello Business and Cultural Centre, keeping a watchful eye over seafarers and visitors to the Limassol Marina, the town’s new jewel, and the nearby
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The European Projects Association (EPA) will present Dr Gregoris Makrides with the "2014 Award for outstanding achievements in development of the EU through European Projects" during a ceremony to be held in Brussels on October 7. The announcement was made on the sidelines of the World Research and Innovation Congress in Brussels hosted by the
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