. OZAY MEHMET A bold prediction may be in order: if Mehmet Ali Talat is defeated in the upcoming presidential elections in the north, the bigger loser will be Demetris Christofias. With Dervis Eroglu, the current front-runner replacing Talat, it is unimaginable that Christofias will be able to continue business-as-usual for a “made in Cyprus”
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. The UN Population Fund's annual report released last week blames overpopulation for climate change, saying contraception is needed to mitigate it. The problem is not weather or over-population, it's bad government policies that keep people poor and therefore unable to protect themselves. Analyst Caroline Boin reminds us that the Netherlands and Israel have denser
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. Thank God for tea! What would the world do without tea? How did it exist? I am glad I was not born before tea. Sidney Smith, quoted by Hesketh Pearson in The Smith of Smiths (1934). I’ve been a tea drinker as long as I can remember. English style for most of my
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The National Bank of Greece (Cyprus) Ltd. has fully redesigned five of its branches and marked the occasion with a ceremony at the Latsia branch. Present at the inauguration and blessing were the Deputy Managing Director of the Cyprus operations, Petros Fronistas, other branch managers and board members, the mayor of Latsia and customers. The
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Eurofast Global sponsored the 9th Economic Summit of Serbia 2009 one of the most important business events that gathered over 500 high profile people from the business and political worlds of Serbia and the Balkans area, including diplomats and representatives from international organisations. The summit was held at the Hyatt Regency Hotel in Belgrade which
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Etihad Airways, sponsors of the Abu Dhabi Formula One, placed a Ferrari F1 racing car in the main hall of the new Larnaca airport, as part of the airline’s campaiogn to promote the new terminal. The GP racer was on display for all to see until Tuesday, after which it started to make its journey
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Interior Minister Neoclis Sylikiotis could well clinch the title of “Man of the Year in 2010” if his set of five amending bills on title deeds get through parliament, thus helping the plight of as many as 100,000 Cypriots and foreigners desperate to get possession of their property titles. The reforms will also help restore
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Cyprus has no choice but to look for energy alternatives and renewable energy resources, but at competitive rates so that there is no repeat of the bad experience of the Electricity Authority of Cyprus (EAC), which in 2012 will need to buy carbon credits or pay EUR 170 mln to cover its carbon emission deficit.
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Moody's Investors Service is maintaining a negative view, with some downgrades of the ratings of four Bulgarian banks following its reassessment of the vulnerability of their earnings and capital positions to increased credit losses arising from the deepening recession in Bulgaria. The affected banks are First Investment Bank AD, DSK Bank, Raiffeisenbank (Bulgaria) EAD and
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As part of its global framework for estimating banks' credit losses and their effect on ratings, Moody's Investors Service has revised its stress-test assumptions for banks in Azerbaijan under its anticipated — or base-case — scenario. Moody's uses stress testing to understand the sensitivity of banks' capital positions to a range of credit loss estimates.
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