The Greek parliament approved legislation late on Thursday to boost private investment, a key condition to get the crisis-struck country out of its worst-ever peacetime recession. The new investment incentive law aims to cut red tape by making a broader range of projects eligible for fast-track licensing and by creating a new one-stop-shop agency for
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British carrier easyJet said it would nearly halve its first-half loss, helped by Easter falling earlier than a year ago and strong bookings from customers wanting to escape recent cold weather in Britain and Northern Europe. The budget airline said on Friday it now expects a pretax loss for the six-months to end-March, a traditionally
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– Bank workers fear for their pension funds – Confusion surrounds how controls should operate – Firm hits problems paying employees abroad – Inquiry unlikely to report for weeks Public shock in Cyprus about the tough terms of an international bailout is turning into anger as millions of euros remain locked in the country's banks.
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Asian shares hit a three-month low on Friday as concerns over bird flu in China and escalating tensions in the Korean peninsula unsettled investors as they counted down to potentially pivotal U.S. payrolls data out later in the session. Japanese equities, however, soared and the yen hit a 3-1/2-year low against the dollar on Friday
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. * So finely balanced that geopolitical considerations will decide * By Fiona Mullen Director, Sapienta Economics Ltd Debate has been raging lately within Cyprus about whether or not the country should cut its losses and leap out of the euro, telling all of those who have lent us money for the past ten years,
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. And so, after only 33 days in the job, Michalis Sarris has resigned as Finance Minister, an action unheard of for Cypriot politicians who cling on to their seats as if for dear life and never contemplate quitting, let alone apologising to anyone for anything. An able-minded economist and soft-spoken politician (another paradox in
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. By Lars Seier Christensen Co-founder and CEO, Saxo Bank A/S The real problem is not Cyprus, it is the Euro. After a few disturbing weeks, I would like to wrap up my comments on Cyprus and, hopefully, turn to other issues going forward. It is astonishing that a EUR 10 bln bailout can keep
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. By George Mouskides General Manager, Fox Smart Estate Agency, Licensed Estate Agent, US CPA With the new government already in office for a month, the new ministers have begun work and the conditions of the EU aid package/ loan memorandum have been set, with all the accompanying after-effects. So, then, what does the future
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The Alumni Association of the Cyprus International Institute of Management has invited Dr. Luis Filipe Lages, a professor of Marketing, Innovation and Economics from the Universidade Nova Lisboa in Portugal, to run a breakfast workshop on the breakthrough concept of “GloCal Vision”. The recent developments in the economic situation of Cyprus make it an even
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. Marcuard's Market update by GaveKal Research Developed markets are on a roll, with the US and Japan up around 10% and 8% respectively YTD in US dollar terms. Overall the World MSCI has gained 6%—with the main drag coming from the EMU, down nearly -1%, and emerging markets, down –2% YTD. Why are the
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