2010 will be difficult year, says Minister If you thought tourism was bad this year with foreign visitors evidently less on the beaches this summer, then get ready for a worse year in 2010, as our main source of supply from the UK will continue to dwindle simply because Cyprus is still an expensive destination.
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Cyprus Airways (CAIR) is set to partially refresh its fleet of 11 Airbus with four new aircraft to replace four of its oldest. It is taking delivery of Airbus A319 and A320s through lease agreements with CIT Aerospace International of Ireland. Of the older A320s, one is set for delivery to new buyers this month
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As from next January investors and businessmen will only need to contact one government service for all their permits in a streamlined process rather than having to go through different governmental departments, Commerce, Industry and Tourism Minister Antonis Paschalides said during a panel discussion at the presentation of the World Bank’s “Doing Business Report 2010”.
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. DR. JIM LEONTIADES Cyprus International Institute of Management Poor Alan Greenspan. Only a short time ago the former head of the U.S. Federal Reserve was hailed as the guru of national economic management. Today, many blame him for the financial crisis that hit the American Economy and the world. What has changed? The global
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The Center for the Advancement of Research and Development in Educational Technology (CARDET), a non-profit research and development organisation, announced findings from its large scale survey of the use of information and communication technologies (ICT) by primary school teachers in Cyprus, the first-ever survey of its kind. The results of the survey are part of
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Four employees at PricewaterhouseCoopers achieved awards for their outstanding performance in the recent professional examinations of the Association of Chartered Certified Accountants (ACCA). Svetlana Rodinskaya was awarded first place in Cyprus for her overall performance in papers P1-P7 and in paper P7 (Advanced Audit & Assurance). Iryna Doroshkevych, Ralitsa Ioannou and Pantelina Georgiade were awarded
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Cyprus banks are eagerly waiting for the Finance Minister’s official go-ahead for the implementation of the draft law that will pave the way for the issue of the EUR 3.0 bln three-year government bonds to be announced on November 20. The Coops are reported to be eligible for EUR 435 mln, based on their share
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The Bank of England disclosed on Tuesday that it provided almost 62 billion pounds in emergency loans to Royal Bank of Scotland and HBOS at the height of the credit crisis last year. The British central bank did not give details of the loans in its annual report published in May because of fears of
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The outlook for the chemical industry globally continues to be negative, Moody's Investors Service said in a six-month update on the industry. The negative outlook largely reflects Moody's expectations for limited volume growth, excess industry capacity and concern that raw material prices may increase prior to meaningful increases in demand, threatening performance. "Although there has
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Most major European airports should perform as expected in 2009, and 2010 should see modestly higher growth than was anticipated in June 2009, Moody's Investors Service said in a new special comment. In June, Moody's set out its guidelines for traffic growth for the major European airport cities, which suggested a material but not severe
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