UNSG arrives in Cyprus (2) Larnaka, Jan 31 (CNA) — UN Secretary-General Ban Ki-moon arrived here last night to encourage the two leaders of the Cypriot communities to reach a mutually-acceptable solution to the Cyprus problem, an effort that requires ''courage, flexibility and vision as well as a spirit of compromise''. The UN Chief was
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China's manufacturing powered ahead in January, providing more evidence of its robust economic health to markets fretting about Beijing's policy tightening and the dire state of government finances around the world. A pair of surveys showed on Monday that China's vast manufacturing industry expanded at close to record pace last month as the world's third-largest
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. COMMENT At Cyprus Gourmet, we try to provide a service to the public of information and opinion, which, when I talk to people seems welcome. Too many businesses fail because the owners are providing what they think the public should have, rather than what they want. Now a wine consuming nation, Cyprus lags behind
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. BY DR. JIM LEONTIADES CIIM, The Cyprus Business School While many of the world’s economies are showing signs of emerging from the recent financial crisis, there are a number of exceptions. Unfortunately, Greece is among them. Greece, in particular, has deteriorated to the point where it threatens the stability of the Euro and hence
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. We may not be aviation industry experts, but simple logic dictates that the government – and in particular the Accountant General – should hasten the review of the request from state-owned Eurocypria for a capital increase of about 35 mln euros. All the arguments raised in the past about why the charter airline should
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. BY GEORGE MOUSKIDES When is it better to invest in the property sector; when the prices are going up or down? In a period of crisis, like the one we are experiencing today, is it reasonable to invest? These are crucial questions for which you cannot simply give a simple ‘yes’ or ‘no’ answer.
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“Poti is ideal as a base to serve promising region” Georgia aspires to become an attractive base for Cyprus-based companies willing to take advantage of its Free Industrial Zone at the port of Poti as a gateway to expand into the promising Caucasus region. Georgia’s Ambassador in Nicosia, Vladimer Konstantinidi, told the Financial Mirror in
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HK ranked “World’s Freest” for 16th time The Heritage Foundation ranked HK as the world's freest economy for the 16th consecutive year in its 2010 Index of Economic Freedom published last week. Singapore remains in second place, followed by Australia, New Zealand and Ireland. According to the US public policy research institute's study, HK scores
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Commerce, Industry and Tourism Minister Antonis Paschalides announced the reduction of electricity prices by 1%. Replying to questions, Paschalides explained that the Cyprus Organisation for the Storage and Management of Oil Stocks (KODAP) has slashed fees by 50%, which will affect the Electricity Authority of Cyprus (EAC), which in turn will reduce electricity prices by
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Future scenarios resurface Intense activity during the past week on the shares of Hellenic Bank Public Co. Ltd. (HB) have revived talk of various scenarios regarding the bank’s future, while at the same time raising questions on the positioning of its major shareholders. The announcement by Polys Polycarpou and related persons that their combined stake
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