All possibilities regarding the future of Natural Gas Public Company (DEFA) and the State Hydrocarbons Company (KRETYK) will be examined within the framework of the overall effort to modernize the state, said Energy, Commerce and Industry Minister Giorgos Lakotripis. Answering questions on the future of the two companies, Lakotripis, said “together with President Anastasiades, we
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The Cyprus Stock Exchange (CSE) Council announced that it has accepted the listing in the Emerging Companies Market of 25 mln shares of “Global Digital Services Plc” at a price of EUR0.01. Eurivex Ltd, an EU investment firm regulated by Cyprus Securities and Exchange Commission (CySEC) is acting as the Nominated Advisor for the company
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What makes a leader? What does it take to lead a business in the context of a changing economic landscape? What should businesses expect of those leading them into the uncertainties of tomorrow? As part of its 16th Annual Global CEO Survey, PwC recently asked 1,400 CEOs from around the world which leaders they most
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. Volatility is expected in the market this week with the European Central Bank (ECB) expected to cut interest rates by 25 bps on Thursday and the US likely to commit to further monetary stimulus. An interest rate cut from the ECB is part of a long term strategy to heal the Eurozone’s woes and
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National Bank of Greece CEO Alexandros Tourkolias said he was confident that the bank will cover the 10% of private investors’ participation in a forthcoming share capital increase plan. The NBG board received EGM approval to proceed with the EUR 9.76 bln share capital increase via the contribution of EUR 1.17 bln in cash and
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. Marcuard's Market update by GaveKal Research What are European investors hoping for? Or, to put the question more forcefully (and give away our conclusion) what have they been smoking? The European economy is going from bad to worse. While economic and financial indicators from around the world have recently been disappointing, the US news
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Sir Stelios Haji-Ioannou has regained his number one spot from Alki David among 17 Greeks and Greek Cypriots profiled in the 25th anniversary issue of the Sunday Times Rich List. Stelios was originally listed as No.1 in the Greek Rich List’s first issue in 2007, compiled by Philip Beresford. The ‘Easy’ empire founder’s wealth has
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* Cyprus-Lebanon-Israel in East Med oil and gas alliance? Basin may hold 100 tcf; Cyprus goes ahead with natgas plant * Cyprus has not yet realised it, but it has been given a golden opportunity to help develop a regional energy roadmap with economic and political benefits to the island and its neighbours. President Nicos
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The European Investment Bank has approved a loan of up to EUR 100 mln for key investments in Cyprus. The loan will be used for investments in priority areas identified in the National Strategic Reference Framework, which include improving the competitiveness of the economy, promoting sustainable development, and investing in skills and innovation. It will
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* Capital controls could be eased in days or weeks Cyprus seems to backing away from the sale of gold reserves under the international bailout agreed this month and is still exploring all options to meet its side of the deal, Finance Minister Harris Georgiades said in an interview. Georgiades also said he anticipated currency
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