. * Russia and Israel may scale back their involvement in the aftermath of the crisis. By James Ker-Lindsay Rarely has a country had a more bruising week than Cyprus. As one commentator, Pawel Morski, memorably put it, ‘No human agency has achieved so much economic destruction in such a short time without the use
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. By Shavasb Bohdjalian Certified Investment Advisor and CEO of Eurivex Ltd. Following the Eurogroup agreement paving the way for the brutal and speedy restructuring of Cyprus banks and the economy in general, which in the process averted a catastrophic bankruptcy of the country, the government should immediately proceed to impose a “Labour Solidarity Tax”
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. The general mood of investors for global commercial real estate market is more risk-averse than it once was, according to an industry survey by Colliers International. A year ago, investors were more optimistic about the European economy and not so preoccupied with the American fiscal cliff. Yet, despite this mood swing, Colliers backs this
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. Marcuard's Market update by GaveKal Research One of the many unanswered questions surrounding the eurozone has always been—who would pay for systemic large losses in a banking system? In the US, we always knew that the federal government, through the insurance payments levied via the FDIC, would guarantee all small depositors. In Europe meanwhile
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Only President Nicos Anastasiades and parliamentary speaker Yiannakis Omirou of all government officials will now be entitled to fly business class, as part of the austerity measures Cyprus agreed to with international lenders in exchange for a bailout. The ban on business class travel for government employees will not apply to transatlantic flights, said an
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Sitting in a private clinic in an upscale neighbourhood of Istanbul, Saleh, a human resources executive from Qatar, is preparing to leave Turkey with a smile on his face and more hair on his head. Having previously brought his wife and children to Istanbul for sightseeing and shopping, Saleh has returned as the new kind
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Harris Georgiades assumed his duties as Cyprus’ new Finance Minister, taking over from his predecessor Michalis Sarris during a hand-over ceremony at the Ministry, in Nicosia. Addressing the ceremony, Georgiades said that Cyprus will find its way back and will remain a member of the European family, without having to depend on anyone very soon.
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“MTN is and will remain a keystone of stability in Cyprus”, the Chief Commercial Officer of MTN Group, Mr. Pieter Verkade, noted today, presenting the new Chief Executive Officer of the company in Cyprus, Mr. Philip van Dalsen, during an event held in the premises of Palia Ilectriki. According to MTN Group plans, the role
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Following the successful launch of Banc De Binary in Cyprus and the acquisition of the Cyprus Securities and Exchange Commission (CySec) licence, the company further enhances its credibility and reputation as an industry leader by reaching another significant milestone with a foothold in the European market. In a period of only three months, Banc De
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VTTI B.V., one of the world's fastest-growing independent energy storage companies, reaffirmed its support and commitment to Cyprus where its subsidiary, VTT Vasiliko Ltd, is developing a major oil storage terminal. Commenting on the recent economic turmoil in Cyprus, Rob Nijst, CEO of VTTI, drew a positive picture of the prospects of the country as
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