A Cypriot mission is making this week concerted efforts in the context of an international travel trade show in Berlin (ITB) to attract more German tourists to Cyprus. The Cypriot mission, headed by Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis comprises Cyprus Tourism Organisation (CTO) Board of Directors’ Vice President Angelos Loizou and
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Unemployment is expected to peak at around 19% in 2014, registering a slowdown in its growth rate as a result of lower economic contraction than originally estimated, according to figures released Wednesday by the Ministry of Finance. The Ministry sees some signs for a better performance in 2014, associated with sound confidence sentiment and lower
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Following another successful year of sales, the highly anticipated launch of Dioni Residences comes just a few months before the official opening of the fitness and spa, the shopping and dining area at Cyprus Limassol Marina. The luxury apartments at Dioni Residences are in the heart of Limassol Marina, overlooking the main square and adjacent
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. By Costis Stambolis Greece’s ailing industrial sector looks likely to contract further in line with the country’s continuing recession, which registered nearly -4.0% in 2013 with bleak prospects for a rebound later this year in spite of a return to growth scenario which government-controlled media try to propagate. Because of over-taxation, increased social contributions,
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. By Oren Laurent President, Banc De Binary The ongoing political tensions in the Ukraine came to a head in November 2013 when then-president Victor Yanukovich rejected a trade agreement with the EU in favour of one with Russia. The result was less than flattering as masses of people took to the streets in protest.
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. Although the Cyprus media scene is admittedly still immature, with broadcasters and publishers on occasion getting carried away by nationalist or other sentiment, allowing every Thomas, Yiannis and Costis to air their views, very often allows for a delightful alternative to the small, yet vibrant local stand-up comedy scene. Many don’t realise that freedom
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Eurobank Cyprus, the wholly owned subsidiary of the EFG Eurobank Group, announced post-provision and after-tax profits of EUR 35 mln for 2013. The bank said that its capital adequacy rate is at a healthy 45% with significant liquidity which allows it to fund the Cypriot economy and support development initiatives. Eurobank Cyprus said that its
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The first phase of the Pentakomo Science Technology Park (STP) near Limassol gets under way next week as the deadline for the initial submission of interest by potential investors ends on Monday. From the outset, when the Cyprus Energy Commerce Industry and Tourism Ministry invited expressions of interest last December, the aim was “an initial
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The Cyprus government has signed a contract with the advisory firm Deloitte Ltd, which was selected on January 29 following an international public tender, to provide consulting services for the licensing of an integrated casino resort. According to an official announcement, the contract was signed on behalf of the government by the Permanent Secretary of
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Demetra Investment, the primarily Cyprus-invested public company with a portfolio in equities and real estate, saw a significant turnaround last year, despite the gloomy situation in the market following the write-down of local bank stocks and the Eurogroup-imposed bailout plan. Demetra announced that profits attributable to shareholders rocketed to EUR 8.4 mln from a loss
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