. Just six months into the new administration and Foreign Minister Ioannis Kasoulides seems to be going for a new effort at getting Turkey back into a negotiating mood with the hope of restarting the stalled Cyprus talks. On Monday he fired off the first salvo telling his colleagues at the General Affairs Council in
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Arrivals up in September, 2014 will be a better year, says CTO chairman After decades of hearing politicians declare that ambitious 5-year and 10-year plans had been hatched to boost tourism, all of which have been collecting dust, a fresh initiative is underway to coordinate all stakeholders into a joint effort to rediscover the “Cyprus”
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The government has decided to all up to three casinos to operate on the island, but under a single investor and with the condition that it must include a holiday resort, an issue that has raised as much praise as controversy. Members of the Paphos Coordinating who met with President Nicos Anastasiades on Monday said
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. Marcuard's Market update by GaveKal Research — The recent news flow could hardly have been better for gold-bugs: a possible US debt default, QE tapering delayed, Janet Yellen nominated to the helm of the Federal Reserve, the Bank of Japan continuing to print aggressively. And yet, precious metals continue to bring up the rear
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Greece's leading companies are set for a multi-billion-dollar boost in stock market value as a result of their inclusion in MSCI's flagship emerging market index, improving their appeal to investors as they struggle in a deep recession. Ten Greek companies will enter MSCI's Emerging Markets index on November 27, with the Athens Stock Exchange already
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Promises, promises… Can Cyprus bring youth unemployment down from 44%? A new plan to try and combat record youth unemployment at 44% will be introduced in December, probably the sixth in as many months, with President Nicos Anastasiades telling his counterparts in Paris that the new measures will be proactive in an effort to identify
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Although Cyprus has improved its digital performance, it still lags behind and moves at a much slower pace than other EU member states, Communications and Works Minister Tasos Mitsopoulos has said. In order to achieve the broader goal to restructure the economy and create jobs the government has set six strategic objectives in its digital
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Hellenic Bank’s five day rally last week was cut short as the stock fell on Monday and Tuesday, wiping out the gains of the past few days and dragging the Cyprus Stock Exchange Index down with it. HB, that peaked above 11c last week, following the mammoth investment deal that recapitalised the bank by more
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The Finance Minister will select one of the big four international audit firms to carry out a fair value assessment of the Cooperative Institutions, one of the conditions of the €1.5 bln injection provided by the Troika of international lenders to cover the estimated capital shortfall, with the state acquired 99% of the Coops share
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Cyprus has achieved ‘very good progress’ as regards the implementation of the rescue plan agreed with its international lenders, a Eurozone official said in Brussels on Tuesday, adding that the Troika assessment on the Cyprus programme shows that ‘very good progress’ has been achieved in the fiscal sector, while significant progress was recorded in efforts
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