The Risk Watch Column The Energy Gangsters The Risk Watch Column By Dr Alan Waring European governments in recent years have embraced an acceptance that the valid role of government excludes running businesses. Privatisation is meant to shed excess labour and unwarranted costs that so typically afflict public sector companies. The Electricity Authority of Cyprus
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* Multinational Finance Society to look at 'The Future of Banking and Cyprus' * Larnaca will be hosting the 2014 Multinational Finance Society Symposium next week, organised by the Cyprus University of Technology (CUT) and the University of Central Lancashire (UCLan – Cyprus) in collaboration with the academic Multinational Finance Society (MFS). The organising committee
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The President of the Eurogroup of EU finance ministers and Minister of Finance of the Netherlands, Jeroen Dijsselbloem, will pay a one-day visit to Cyprus on Monday, March 31. During his visit, Dijsselbloem, widely regarded as the architect of the chaotic bail-in imposed on depositors in Cyprus banks, will have a meeting with President Nicos
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* Cyprus violated treaty protecting investors from Greece * A group of Greek depositors and bondholders of Laiki Popular Bank and the Bank of Cyprus intend to bring a claim against the Cyprus government in international arbitration, to be administered by the International Centre for Settlement of Investment Disputes (ICSID) in Washington DC, part of
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Bank of Cyprus, Cyprus’ largest lender, is reviewing its restructuring plans, Chief Executive Officer John Hourican has told Reuters. “We have appointed HSBC to help us look at our overall corporate finance agenda including the entire structure of how the group is organised”, Hourican told Reuters in an interview. What I`d like, he added “is
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The world is losing $487 bln a year to fraud and error, with a study showing that global average losses within the healthcare sector have, since 2008, risen by a quarter to 6.99%. When taken as a proportion of the global healthcare expenditure of $6.97 trln this equates to $487 bln lost in a year, according to
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The capital adequacy ratio of all Cyprus banks marginally improved at the end of December, by 0.1 percentage point to a combined Core Tier 1 level of 12%, quarterly data from the Central Bank of Cyprus showed. The same collective benchmark for the Cooperative Credit Societies, prior to their merger this year, stood at 10.5%.
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Nickel-metal hydride batteries which can be used immediately even five years after their previous charge*1 like dry battery. Panasonic Energy Europe NV will sell eneloop rechargeable batteries under the Panasonic brand from April 2014. The new product lineup will feature three different types – an eneloop standard model, "eneloop pro" high-end model, and "eneloop lite"
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It takes hard negotiation, building of alliances and determination on principles to reach a solution to the Cyprus problem, Government Spokesman Christos Stylianides has said. Speaking to the press on Tuesday and invited to comment on statements made by the Turkish Cypriot negotiator, the Spokesman pointed out that the Government’s position is clear and there
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Cyprus economy has reached a stage of stability and normalization, Government Spokesman Christos Stylianides has said, adding that the indications from the various evaluations are good and the ratings from the foreign firms give the message that “we are on a good track”. Speaking Tuesday, Spokesman pointed out that it takes patience and struggle so
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