. By DR. JIM LEONTIADES CIIM, The Cyprus Business School A government has three ways to reduce a deficit: 1. Reduce spending; 2. Increase revenue; 3. Some combination of the above. The recent government package of 21 proposals to reduce the Cyprus deficit appears to go for number 3, a combination of
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. BY MARINA THEODOTOU A Chinese proverb says that “women hold up half the sky”, but apparently that is not the case in Cyprus. With Women’s International Day being celebrated every year with much fanfare, daily life and experiences in the professional world of this European country provided impetus for a little deeper and some
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. BY ANTIGONI PAPADOPOULOU, MEP Štefan Füle, Commissioner for Enlargement and European Neighbourhood Policy has frequently made reference of the necessity to “lift the isolation of Turkish Cypriots”. Considering the high level negotiations underway for Cyprus’ reunification, the notion of “Turkish Cypriot isolation” must be clarified. The essential point being that the onus is on
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. The government has finally announced a set of measures to protect state finances from spiraling into a higher deficit and to safeguard the economy from a potential meltdown. However, these measures will do little to inspire consumers to spend more, nor do they suggest effective ways to fast-track the long-delayed public infrastructure projects. The
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Democratic Party (Diko) and S&D MEP Antigone Papadopoulou has expressed her deep concern over press reports that allege fraud in the distribution of the 259 mln euros in aid to the Turkish Cypriots. Papadopoulou, who chaired the Cyprus parliamentary finance committee prior to being elected to the European Parliament, has called for full transparency in
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Elena Ambrosiadou, once described as the highest-paid and wealthiest woman in Britain, heads The Hedge Fund Journal's survey of ‘50 Leading Women in Hedge Funds’, sponsored by PricewaterhouseCoopers. The survey shows how women are making an increasing contribution to the industry’s development and success, as is the case of Ambrosiadou with an estimated personal wealth
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The European Commission plans to use a series of measures aimed at significantly reducing the pay gap between men and women over the next five years. The average gender pay gap in the EU currently stands at 18%. To lower this rate, the Commission plans to raise awareness among employers, encourage initiatives to promote gender
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. BY COSTA VAYENAS In our globalized world, the recipe for a "successful" economy is well known. If a country wants to enjoy rapid economic growth and avoid high unemployment, it has to be competitive, which is best achieved by keeping labor costs low and boosting labor productivity. If a country can do this better
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Barclays Capital, the investment banking division of Barclays Bank Plc, has launched the Four Year Protected Dollar Digital Deposit Account, a new product in its structured deposit series for offshore bonds. The account, which is denominated in US dollars, is available until April 29 and offers protected exposure to the Dow Jones Eurostoxx 50 Index
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The cdbbank (formerly Cyprus Development Bank) opened its first branch in Nicosia and hosted a reception where the bank’s president, Rena Rouvitha Panou, announced that 2009 was a year of profits, despite the cost of restructuring, investments and infrastructure. She added that the bank’s portfolio also improved significantly as non-performing loans were drastically reduced. The
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