Asian share markets rose broadly on Monday, with high-tech stocks following gains in U.S. rivals late last week, and the dollar held its ground near three-month highs against the euro and kept on a firmer footing against the yen. But shares in Hong Kong eased, extending last week's losing streak, with banks down on brokers'
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Production in the construction sector of Cyprus fell for the fourth consecutive quarter in July to September, dropping by 10% compared with the same period of the previous year, having fallen by 10.5% in the second. For the period January – September 2009, the index recorded a decrease of 9.8% over the corresponding period of
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Cypriot millionaires have appeared for the first time in the annual Greek Rich List, an ethnic spin-off of the Sunday Times Rich List, that also saw the Greeks and Greek Cypriots in the U.K. lose 61% of their fortunes in the past year due to the financial crisis. The Cyprus section, compiled in cooperation with
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CIIM Professors speak out By Ivetta Gerasimchuk and Theodore Panayotou The climate talks in Copenhagen have exacerbated the controversy between climate skeptics and environmentalists. The arguments used by both “denialists” and supporters of the anthropogenic climate change idea have hardly changed since the late 80s when the effect of greenhouse gases on the atmosphere first
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. In talking to a number of wine importers, hoteliers and others in the trade in the past week or two there seems to be a general air of guarded optimism that perhaps the recession is not deepening and that the situation will start getting better, albeit slowly, in 2010. The doyen of our wine
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. BY COSTIS STAMBOLIS Last week saw Greece’s bond markets near collapse in what turned out to be an unprecedented chain of events by eurozone standards. Greek government two year bond yields were hit hard having risen by 1.3 percentage points signaling investor anxiety over the state of the economy. The turmoil in the bond
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. BY GEORGE MOUSKIDES The question is something that is puzzling many interested buyers, especially those looking for apartments or houses. Over the last 4 to 5 months we have stated repeatedly in our articles that prices, especially in Nicosia and Limassol, have stabilised and there is little possibility of a further reduction. Thus, if
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. We’re not suggesting that mayors and municipal councilors should take up the game. God forbid! However, with all the noise about Cyprus attracting quality tourism becoming such a bore to the extent that we have forgotten what “quality tourism” is all about, perhaps it is time that the local authorities take matters into their
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One of the pavilions at the Cyprus International Fair is to be transformed into a miniature of the city of Doha this weekend, as Qatari officials mark their national day and introduce their culture to the Cypriot public in an effort to revive interest in investments in both countries. Visitors will be able to explore
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A senior European Commission official is meeting with tourism industry stakeholders this week, urging them to adopt new ways to promote tourism, by making Cyprus a more sustainable destination. Francesco Ianniello, Head of the Tourism Unit at DG Enterprise and Industry, told the Financial Mirror that “the renewed tourism policy was proposed by the Commission
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