Poland’s Itaka, “others” keen to invest State-owned carrier Eurocypria plans to fly to Tehran and Kenya this year, as the airline attracts fresh charter business from its existing client list of central and northern European tour operators seeking out new destinations. Chairman Eleftherios Ioannou told the Financial Mirror that the new destinations are part of
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Cyprus Investment company assets showed a very small increase for the whole of 2009, showing once again that the portfolio mix of the 14 companies listed on the Cyprus Stock Exchange is concentrated on other investments, rather than direct exposure to stocks. The total assets of the 14 investment companies listed on the CSE increased
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The creation of an unbiased measure of property prices and rents has been a long time in the making; it was completed when Royal Institution of Chartered Surveyors ΚÃ?πρου (RICS) in association with the Cyprus Association of Quantity Surveyors and Construction Economists (ΣΕΕΟΚΚ), launched its first quarterly Cyprus Property Price Index. The Index monitors property
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The hedge fund industry is showing signs of a recovery from the crisis and this is likely to continue in the near term, Moody's Investors Service said in a new Industry Outlook on this sector. However, the rating agency said that the positive trends merit a degree of caution, especially as a number of individual
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The U.S. economy likely grew at its fastest pace in nearly four years in the fourth quarter as businesses made less-aggressive cutbacks on inventories, a government report is expected to show on Friday. A Reuters survey predicted that gross domestic product, which measures total goods and services output within U.S. borders, expanded at a 4.6
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British house prices jumped at their sharpest pace in five months in January and consumer confidence rose more than expected, in a sign the economy got off to a good start in the new year. The Nationwide building society said house prices rose by 1.2 percent this month, more than twice the 0.5 percent gain
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Britain's top shares gained 0.7 percent in early trade on Friday, bouncing back after sharp falls in the previous session, led by a rally from banks, oils, and mining issues, as investors await U.S. GDP data. By 0852 GMT, the FTSE 100 index was up 35.90 points at 5,181.64 having closed 1.4 percent lower on
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A top European Union official said on Friday there was no risk that Greece would default or leave the euro zone and the country's finance minister said he was not aware of any bailout talks. "No, Greece will not default. Please. In the euro area, the default does not exist because with a single currency
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European stocks rose, the euro recovered and the premium it costs Greece to borrow fell on Friday after newspaper reports said the European Union was considering bailing out Greece. Similar reports on Thursday were denied by German and French officials, though, and global investors remained nervy about Athens' fiscal problems, with world stocks down and
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The euro came off multi-month lows against a number of currencies on Friday on reports that Greece would get support from its European peers, although a relief rally remained tentative. Investors this week had heavily sold Greek and other euro zone peripheral bonds on concerns whether they could grapple with their huge fiscal deficits. The
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