Electricity demand in the interconnected system, covering about 90% of total domestic demand, was almost flat in December compared to the same month last year. Demand in 2013 was down by 3.7% y-o-y, according to data issued by the Independent Power Transmission Operator (ADMIE). In terms of supply mix, in December renewables and lignite increased
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National governments have failed to use the latest caller location technology to help emergency services find people who use the 112 pan-European emergency number, the European Commission said. Only 41% of Europeans realise they can reach the emergency services everywhere in Europe by calling 112 free of charge, EU figures show. This is despite the
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The Greek Cypriot side has “completely achieved” its objectives through the common declaration, that has been agreed on Tuesday with the Turkish Cypriot side, Cyprus President Nicos Anastasiades said on Wednesday. The President was responding to questions by the press, after presenting the provisions of the agreement that has paved the way for the relaunch
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President of the Republic Nicos Anastasiades stressed on Wednesday night that the joint declaration, agreed with the Turkish Cypriot leader, does not constitute the solution of the Cyprus problem but it lays down the fundamental principles and the framework within which the talks will move towards the search of a solution. Speaking at a press
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Cyprus Cooperative Central Bank has announced a voluntary retirement scheme aiming at reducing the number of employees of the bailout out Cooperative Credit Institutions (CCIs) by 300. The island`s CCIs have been nationalized by the state, after the government injected 1.5 billion to recapitalize the sector on the basis of a due diligence review carried
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Hellenic Bank has received the coveted Green Key, usually awarded to hotels and restaurants, for its eco-friendly conference centre at its head offices in Nicosia. The bank has also received 11 ‘Green Office’ certificates for operating environment-friendly branches in Cyprus where energy saving plans have resulted in the electricity bills reduced by 30-50%. Subsequently, this
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The outlook for Israel's banking system has been changed to stable from negative, Moody's Investors Service said in a new report, reflecting the expectation of gradually improving macroeconomic conditions, increasing capital buffers to absorb unexpected losses, and strong liquidity with stable deposit-based funding. The stable outlook also captures Moody's view that the substantial financial assets
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The results of the World Bank’s “Doing Business Report 2014” reaffirm the views and concerns of the Association of Large Scale Development Projects over the negative impact red tape has on business activity in Cyprus and how it blights the country’s efforts to attract investments. The report, presented by the Cyprus Investment Promotion Agency (CIPA)
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The MBA Program of the University of Cyprus, in line with its social contribution and commitment in creating visionary and influential leaders in the local, regional and international business community, has announced the following scholarships for the new academic year 2014-2015: – Ten scholarships, of value up to 50% of the total tuition fee, to
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Moscow opposes any deadlines and any settlement recipes in the inter-communal talks under UN auspices, a statement by Russian Foreign Ministry spokesman Alexander Lukashevich says. The statement welcomes the “important decision” of the leaders of the Greek and Turkish Cypriot communities to resume negotiations. It is essential to achieve favourable external conditions for the talks
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