Kuwait has reaffirmed its great interest to invest in Cyprus, however the type of these investments still needs to be specified, Cyprus Finance Minister Harris Georgiadis has said. Georgiadis is accompanying Cyprus President in his two-day visit to Kuwait, with the aim, inter alia, to attract investments. Speaking to the press Wednesday, FinMin said that
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Samsung Electronics Co Ltd on Wednesday launched the world's first smartphone with a curved display, a variant of the Galaxy Note which moves the Asian giant a step closer to achieving wearable devices with flexible – even unbreakable – screens. Curved displays are on the frontlines of Samsung's innovation war with rivals such as Apple
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U.S. President Barack Obama will nominate Fed number two Janet Yellen on Wednesday to run the world's most influential central bank, providing some relief to markets that would expect her to tread carefully in winding down economic stimulus. The nomination will put Yellen on course to be the first woman to lead the institution in
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European Parliament President Martin Schulz has launched the EYE2014 initiative with a view of finding out young people`s thoughts, concerns and proposals on matters such as youth unemployment, the digital revolution, the EU`s future, sustainability of businesses and European values. To that effect, during a press conference on Tuesday, he called on all young Europeans
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Tourism is called upon to play a key role in exiting the extremely difficult situation Cyprus is facing, Director General of the Cyprus Tourism Organisation (CTO) Marios Hannides said Tuesday, adding that past experience shows that “we can make it.” In his address at a press conference to present the "Small getaways – great experience"
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The economic crisis which Cyprus is facing at present can and will be overcome, the International Real Estate Federation FIABCI President Flavio Conzaga Nunes believes. Speaking during a visit to the southern coastal town Larnaca, he said the city is strategically convenient with an international airport which serves professionals. “There is a very important real
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* Cyprus pledges continued support; ‘Maritime’ Deputy Minister soon; But Turkey must lift embargo * Amid the ongoing economic crisis, perhaps the most stabilising factor of the Cyprus economy is the maritime sector, ranking as the 11th largest flag and the third in the EU after Greece and Malta, with annual earnings from the shipping
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The fourth Young Executives session of the Maritime Cyprus conference held this week, attended by company executives and academics up to the age of 40, focused on employment opportunities within the shipping sector and job and promotion prospects. Chaired by Despina Panayiotou-Theodosiou, president of the Womens’ International Shipping and Trading Association – WISTA Cyprus, the
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The Maritime Cyprus conference in Limassol this week was preceded by a welcome reception at the Presidential Palace on Sunday where the “Cyprus Maritime Awards 2013” were granted in recognition of the contribution of individuals or companies to the development of Cyprus shipping. The Maritime Personality Award was bestowed jointly to Kyriacos Mouskas (posthumously), founder
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Asian shares sagged and the dollar languished close to an 8-month low on Wednesday as the U.S. budget deadlock dragged on, further chipping away at investors' confidence that a deal will be reached before a mid-October deadline to avoid an historic debt default. The dour mood is seen extending to Europe, where Britain's FTSE is
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