* 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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* Shipping Chamber wants upgrade of portfolio * The long-awaited bill establishing up to six deputy ministers with their separate portfolios is expected to be put to the House some time next month, with sources suggesting this could be as early as the end of February. The bill aims to create six posts, as pledged
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Horwath DSP Limited, an accountancy firm offering audit, tax, risk and advisory services to a diverse local and international clientele, organised the inauguration ceremony of its new offices in Limassol, on Wednesday, 22nd of January 2014, in the presence of clients, associates and other distinguished guests. The new modern office of Horwath DSP is located,
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. Editorial: Let’s not miss the boat with Qatar President Anastasiades is back from Qatar in what could be described as the first successful mission abroad in his less than a year in office. As a corporate lawyer and later a politician with leadership skills, he should know that there’s no deal until the ink
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. The Emerging Market Panic Marcuard's Market update by GaveKal Research With emerging markets in panic mode, investors are bound to be reminded of the enduring observation, first made by the 19th century British businessman John Mills: “Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by
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. Bringing Italian debt under control By Oren Laurent President, Banc De Binary On Friday, the state of Europe’s economic recovery was up for discussion again as Italy's cabinet approved plans for the privatisation of several of its assets in an attempt to reduce the staggering public debt. The government will make private up to
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The Bank of Cyprus decided to release fixed-term deposits worth €950 mln, that were retained in accordance to a recapitalization decree, issued in July 2013 and expire on January 31, 2014. Announcing the decision on Thursday, BoC Board Chairman Christis Hasapis said the move was made after consultations with the Ministry of Finance and the
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Economic sentiment indicator in Cyprus improved for the ninth consecutive month, according to data released by the Commission’s Directorate General ECFIN. The Commission’s paper notes the fact that among the countries under economic adjustment program, in Cyprus the indicator reached its highest level since July 2011. In Cyprus, the indicator rose from 90.3 points in
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VitaTrace Nutrition Ltd (VTN) is among 22 Research Institutes, Universities and companies from 11 European members of a consortium who have been awarded the largest ever European Union grant for research into animal health. The total cost involved is €11’970’000 of which €8’920’000 is funded directly by the European Union under the EU Framework 7
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Although the European Commission took several initiatives in the wake of the horsemeat scandal, which broke out one year ago, the EU consumer organisation (BEUC) says a similar food scandal could easily shake Europe again. Large-scale fraud was one of the reasons behind the scandal last year which revealed that horsemeat had been sold as
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