Minister of Communications and Works Minister Nicos Nicolaides expressed confidence on Monday that “shipping will recover from the current crisis,” noting that “the intensity of the shipping crisis is beyond any traditional periodicity and appears to have surprised even the most experienced.” “Shipping is by far the most efficient form of transportation and inevitably, when
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Efthymios Mitropoulos, Secretary-General of the International Maritime Organization appeared confident on Monday that despite the current global economic downturn there will always be a demand for shipping. In an address to the Maritime Cyprus 2009 conference, Mitropoulos said that reduced demand in shipping was a natural consequence of the “worst financial crisis ever recorded,” adding
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The shipping industry has been one of the main contributors to the development of Cyprus and especially the city of Limassol, its mayor Andreas Christou said during a special ceremony to honour the Secretary General of the International Maritime Organisation (IMO) Efthimios Mitropoulos. The ceremony took place Sunday during official opening celebration of this year’s
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Zoltán Kazatsay, Deputy Director General of the European Commission Directorate-General for Energy and Transport and presented "The European Union's View on the Shipping Crisis". Kazatsay expressed his pleasure for taking part at the 11th Maritime Cyprus Conference in "a member state renowned for the importance of its fleet and of its long-standing involvement in maritime
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State-owned Eurocypria, that was spun off from troubled national carrier Cyprus Airways (CAIR) and sold back to the government for 23 mln euros, will remain a separate entity and continue to fly to ensure competition and better public service, its chairman Eleftherios Ioannou told the House Communications Committee meeting on Monday. He added that Eurocypria
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The board of governors and the Director of the Cyprus International Institute of Management have decided to confer an Honorary MBA degree to Ambassador Zhao Yali of the People’s Republic of China. The ceremony will take place on Tuesday, October 6, at 6.30 pm at the CIIM premises in Aglantzia. Education and Culture Minister Dr
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The “famous†law with its subsequent amendments By Chris Iacovides In a previous article, I considered bankruptcy and its repercussions, with specific reference to the difference between Annulment and Discharge. Discharge is the procedure whereby the bankrupt obtains his/her release from the restrictions of bankruptcy and has no obligations to any of the liabilities due
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. BY GEORGE MOUSKIDES The property sector is at the centre of the world economic crisis. In Cyprus, the repercussions of the international crisis that began in the summer of 2008 are now clearly visible to everyone. The areas most affected are the coastal ones, where the prices in certain cases have decreased by 40%.
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. Last Friday’s sweeping operation by the police to rid the centre of Nicosia of the growing number of illegal immigrants raised a lot of issues that need to be addressed by society and the state alike, primarily the absence of communication between public services and the lack of a spherical approach to the whole
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New concept in Cyprus The Library Hotel – Wellness Retreat, Kalavassos Reviewed by Matthew Stowell What happens when a poet-winemaker-gourmet with high-culture affinities in literature, music, art, philosophy and design aesthetics—one who has battled and conquered a devastating disease—decides to change his life and open a business that reflects and embraces his interests and propensities?
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