The Cyprus government submitted the privatisation bill to parliament on Thursday which it wants approved in time for the disbursement of the fourth aid package of €236 mln from the Troika of international lenders. The bill has slim chances of passing through the House of Representatives as the ruling Democratic Rally party (DISY) does not
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Always aiming to attend to its customers’ needs and wants and at the same time support both the local community and the environment, the Limassol’s My Mall Management announced new bus routes to the mall, which service additional areas of Limassol. The two new bus routes numbered 7 and 21 started officially operating on Saturday,
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Cyprus bitcoin worries “are reasonable” says Neo & Bee Central bank warns over Bitcoin risks (UPDATE) The Central Bank of Cyprus has issued its second warning in two months over risks related to virtual currencies, saying that the Bitcoin is not legal tender. But the Cyprus-based Neo & Bee that is raising awareness about the
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. By Oren Laurent President, Banc De Binary An independent Scotland is no longer the distant dream of Scottish right-wingers, but has now become a realistic prospect. So much so that the topic has sparked fierce debate over whether the currency will also be separate from the British pound, and what best suits the interest
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. Japan: A Shelter From Deflation Marcuard's Market update by GaveKal Dragonomics One key cloud over the global economic landscape is very weak corporate pricing power. After last week’s European Central Bank meeting, we saw Mario Draghi peppered with more questions about deflation than about the traditional euro-crisis bugbears. The US recovery faces a similar
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. Why Cyprus should be worried about the Pussy Riot release By Vassilis Kappis In December 2013, the Russian President announced the release of Mikhail Khodorkovsky, the imprisoned former oil tycoon and political rival, regarded by many in the west as a potential (and desirable) threat to Vladimir Putin’s rule. Amnesty was also given to
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Lufthansa Cargo is filling its freighters with flowers these days to ensure that millions of red roses will be available on time for Valentine’s Day on Friday. In total, Europe’s leading cargo airline will fly around 1,000 tonnes of roses from warmer climes to Frankfurt this year. These long-stemmed flowers are especially delicate and have
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Sotheby’s contemporary art evening auction on Wednesday totalled £88 mln ($144.6 mln) with Gerhard Richter’s cherished work ‘Wall’ selling for £17.4 mln ($28.7 mln). According to Sotheby’s, a new auction record was also set for a painting by Cy Twombly as the fresh-to-market works attracted record levels of participation. The top lot of the sale
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Bankers from Cyprus and Lebanon will discuss on Friday the Cyprus-Lebanon banking relationships at a conference organised in the southern coastal town of Limassol, by the Association of International Banks (Cyprus). On the occasion of the Cyprus-Lebanon Banking Day Conference, the Governor of the Central Bank of Cyprus Panikos Demetriades and his Lebanese counterpart Riad
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KONE SA (Hellas), one of the leading companies in the elevator and escalator industry, has acquired all the shares of ThyssenKrupp Elevators Hellas S.A., an elevator service company based in Athens, further enhancing its position in the Greek market. The acquisition complements KONE’s existing elevator maintenance and modernisation business. "Contrary to the general trend, KONE
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