Meetings scheduled for Friday between the Troika of Cyprus` international lenders and representatives of the Cyprus Tourism Organisation (CTO) and the Ministries of Finance, Commerce, and Communications, concerning tourism issues, have been postponed till Monday. The reason for the postponement was the fact that CTO General Director Marios Hannides is in Brussels, participating in the
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. Economic recovery in doubt as Greece takes EU helm By Costis Stambolis The coalition government of Greece does not lose an opportunity to point out that its Troika-backed austerity programme is working, having achieved a primary surplus in its current account of almost one billion euros for 2013, the first such surplus in 12
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. Tourism and the Cyprus crisis By Dr. Jim Leontiades Cyprus International Institute of Management How is Cypriot tourism performing? Banking and tourism were the two major industries before the March 2013 meeting of the Eurogroup. After that meeting, Cyprus was left with just one major industry, tourism. The question of its performance now assumes
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To promote healthier lifestyles and combat obesity among school children, the European Commission has proposed to bring two separate EU schemes on milk and fruit together under a joint framework. The aim is to address poor nutrition more effectively, to reinforce the educational elements of the programmes and to contribute to the fight against obesity,
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President Vladimir Putin raised the pressure on Ukraine yesterday (29 January), saying Russia would wait until the neighbouring country formed a new government, before fully implementing a $15 billion (€11 billion) bailout deal that Kyiv urgently needs. Russia also started extra border checks with Ukraine. Putin repeated a promise he made at the EU-Russia summit
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US Assistant Secretary of State for European and Eurasian Affairs Victoria Nuland will be in Nicosia, Cyprus, on February 4, to meet with officials of the Cypriot government to discuss initiatives to further develop and enhance US-Cypriot relations. She will also meet with Greek Cypriot and Turkish Cypriot leaders to convey American support for accelerating
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The two official visits of the President of the Republic Nicos Anastasiades last October in Kuwait and recently in Qatar show that Cyprus maintains many of its competitive advantages, which have established it as an attractive investment destination, CIPA said in a press release issued here today. The President’s visits also showed that despite the
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Cyprus international lenders appeared satisfied over the progress made in the consolidation of the island`s Cooperative Sector, which has been nationalized as the government will inject 1.5 billion to cover its capital shortfall. Excluded from the international capital markets and with its large banking sector at the brink of collapse, Cyprus agreed last March with
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Technocrats of the Troika (European Commission, ECB, IMF) continue contacts in Cyprus on Friday, as part of the third review mission of the island’s adjustment program. Meetings in the Directorate General for the European Programmers, Coordination and Development will begin with a review over the progress made on the implementation of a Budgetary Framework in
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* Uniastrum sale on hold, Ukraine to go * The Bank of Cyprus is releasing about 960 mln euros worth of time-deposits that had been blocked as part of the bail-in package imposed on uninsured savers holding more than 100,000 euros last summer, following the deposits-for-equity rescue deal. The nearly 4.8 bln euros reaped from
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