Two Greek bondholders, a wealthy widow and a male pensioner, sued the state on Friday over the money they have lost because of the country's multi-billion euro debt restructuring. The 76-year-old widow says she has lost about 200,000 euros ($261,300), roughly half her investment in Greek government bonds, considered by many a safe asset before
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More solar power advice from a solar neighbour Cyprus – high time for an energy mix More solar power advice from a solar neighbour By Yosef Abramowitz We here in Israel were sorry to hear about Wednesday’s malfunction at the Dhekelia power station. Providing reliable electricity is a basic function of governments worldwide. The presence
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. BY PETROS MAVROS The work of Private Investigators has always been short on glamour and long on moral ambiguity, and few, if any modern-day PIs adhere so fastidiously to fictional detective Phillip Marlowe’s work ethic, one that was based on integrity and honesty, a man who could not be bribed and was willing to
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Hard Rock Café will open its first multi-storey themed restaurant in Cyprus on Nicosia’s busy Spyrou Kyprianou avenue (former Santa Rosa) in July, operated by entrepreneur Akis Ellinas. This follows some radical change to the initial plans, as imposed by the franchise owner in the U.S., delaying the project that should have opened last year.
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Photos Photiades Distributors (PPD), the Cyprus drinks wholesaler division of the Photiades Group, has moved into new state-of-the-art headquarters and warehouse in Nicosia that cost 11 mln euros to build on a 11,300 sq.m. site. The new centre includes a bonded warehouse for spirits and an underground climate-controlled facility of 1100 sq.m. for the storage
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The Cyprus Football Association (KOP) seems to have scored an own-goal and may be left without a major sponsor for the 2012-2013 championship. When Laiki Bank’s 5-year sponsorship deal was about to end, the bank informed KOP a year in advance in March 2011 that it wished to renew the agreement for another five years
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Cypriot authorities informed the Lebanese government that Israel is seeking to resolve the dispute over its maritime borders with its northern neighbour, Lebanese newspaper As-Safir reported. According to the report, Cyprus is serious about helping resolve the issue, but that Beirut does not intend to open negotiations regarding the maritime border and aims to protect
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Laiki Bank apologised to irate shareholders for its exposure to Greek debt which has saddled the bank with mammoth losses and forced it to seek new capital. Marfin Popular Bank, which was renamed Cyprus Popular (Laiki) Bank, posted 2011 losses of 2.5 bln euros after taking a 60% writedown on the value of its Greek
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Baker Tilly Klitou have entered into a new licence agreement with Baker Tilly International, whereby the firm will be among the first to use the “Baker Tilly” simplified brand and logo as part of the network’s efforts to build a stronger international brand. “We are the fourth member-firm on a worldwide basis that achieves this,
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Samsung Electronics posted record quarterly profit of $5.15 billion, driven by booming sales of its smartphones and the Galaxy Note 'phablet', which it hopes will show it has a flair for innovation to match rival Apple. The Note – part phone, part mini-tablet – with a throwback stylus and screen half the size of the
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