The notable drop in real estate prices the last five years which continued in the first half of 2013, in addition to a relative stability in the country the past year, have transformed Greece to an attractive destination for investors. Yet, the country needs to continue its reforms and efforts in sustaining a stable and
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The ISM Manufacturing and Non-Manufacturing PMI's were juxtaposed last week in the USA, as the former exceeded expectations whilst the latter fell short. The ISM Manufacturing PMI gained momentum for the month of September, reaching 56.2 and beating predictions of a drop to 55. The figure is the highest since April 2011 and is reflective
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The investigation committee looking into the causes of Cyprus’ economic debacle officially released on Monday its report, saying that former President Demetris Christofias was predominantly responsible for Cyprus’ economic troubles. The investigation committee was appointed in March by the Cabinet to probe into possible civil, criminal or political liabilities concerning developments in Cyprus’ economy and
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A few faint glimmers of hope surfaced on Monday in the U.S. fiscal standoff, both in Congress and at the White House, with President Barack Obama saying he would accept a short-term increase in the nation's borrowing authority to avoid a default. Separately, a Senate aide said Republican Senator Rob Portman, an Ohioan influential on
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Four people were killed and hundreds of thousands evacuated after Typhoon Fitow hit eastern China, destroying houses and farmlands and closing ports and airports. Packing winds up to 151 kms (94 miles) per hour, Fitow hit Fuding city in Fujian province early on Monday before weakening into a tropical storm later in the day, the
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With 100 million people logging on every day for a fix of its games like Candy Crush Saga, global gamemaker King is showing rivals not just how to hook players, but how to get them to pay. King is the latest among European tech firms like Rovio, creator of mega-hit Angry Birds, and Mojang, behind
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. Permanent residence incentives: a great injustice By George Mouskides Back in May, the government amended the relevant regulation offering incentives to foreigners to acquire a permanent residence permit in Cyprus. All foreigners who buy a brand new property or two from the same developer and fulfil some other requirements are entitled to permanent residence
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. They say that justice is blind, but in a civilized society the phrase refers to being right or fair and that there is no bias or prejudice as regards the persons and their roots, race, religion, political clout or wealth. However, in Cyprus justice is blind in every sense of the word. There is
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Two Americans, James Rothman and Randy Schekman, and Germany's Thomas Suedhof won the 2013 Nobel prize for medicine or physiology for research into how cells organise their transport system, the award-giving body said on Monday. The Nobel committee said the research deepened understanding of how disruptions in the transport of cells contribute to neurological diseases,
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As the U.S. government moved into the second week of a shutdown on Monday with no end in sight, a deadlocked U.S. Congress also confronted an October 17 deadline to increase the nation's borrowing power or risk default. Republican House of Representatives Speaker John Boehner vowed not to raise the U.S. debt ceiling without a
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