Rotary clubs from all over Cyprus have joined forces to send special aid to the Haiti earthquake victims in the form of 35 purpose-made ShelterBox specialty kits for emergency shelter, that contain tents for 10 people, blankets, tools, water purification tablets, cooking and eating utensils, stoves and other useful items designed for survival. So far,
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. Is it time to add dairy products to the list? BY MARY CURRAN The Turkish Cypriot Chamber of Commerce is in Brussels this week for discussions with European Commission officials about the Green Line regulation and other economy-related issues. Whether it will come away with anything significant improvements to Green Line trade is another
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. BY DR. RAINER ZITELMANN Last week, the Euro lost substantially in value as it clearly undercut the mark of 1.40 US Dollar. The example of Greece goes to show that the Euro has a fundamental problem. The European Union has put no effective mechanism in place to coerce budgetary discipline from the member states.
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. BY DR. JIM LEONTIADES CIIM, The Cyprus Business School Many countries would like to see another reserve currency as a rival to the US dollar. The Euro has been seen as the prime candidate for this position. The current crisis has until recently been working strongly in that direction, favouring a strong Euro and
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Central Cooperative Bank members approved the bank's accounts, with Commerce, Industry and Tourism Minister Antonis Paschalides calling on the cooperative movement to take the initiative in efforts to reduce lending and deposit interest rates through healthy competition, for the benefit of society and the country at large. CCB Director General Erotokritos Chlorakiotis told the 42nd
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‘Growth is key to all problems’ President Demetris Christofias presented the Cyprus Exports Awards for 2008 to the successful companies on Thursday, saying that exports, tourism and services were the driving force to maintain satisfactory growth rates. Speaking during the award ceremony, hosted annually by the Ministry of Commerce, Industry and Tourism and the Cyprus
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. Improvements in education, research and innovation are needed to help Europe compete globally, to equip the young for today's job market and to address the consequence of the economic crisis, EU Commissioner for Education, Culture, Multilingualism and Youth Androulla Vassiliou said in Nicosia on Friday. Speaking during a press conference at the Cyprus EU
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— Wins 2nd EU Award — Enfoton Solar Ltd., the only photovoltaic panel manufacturer in Cyprus, has won the European Export Award for its contribution to the island’s economy, as nearly all of its production worth 59 mln euros last year was shipped to clients in the EU. This is the second time that the
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Spanish insurers will continue to suffer from the consequences of the recession and the restructuring of the domestic banking sector in 2010, Moody's Investors Service said in it’s a special comment on the challenges faced by the Spanish insurance industry. "We believe that Spain's challenging macroeconomic environment will continue to pressurise Spanish insurers' profitability throughout
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The latest electricity tariff increases in South Africa will likely add to the liquidity pressures on the country's municipalities, as they purchase electricity from national utility Eskom and sell it on to consumers, Moody's Investors Service said in a special comment. Whilst Moody's does not envisage any immediate rating implications for the 24 municipalities it
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