The capital’s central Eleftheria Square should be ready by early 2012, just in time for the events of the year that will see Nicosia hosting the EU presidency and a number of political summits and cultural celebrations. The president of the Nicosia Chamber of Commerce, Christodoulos Angastiniotis, said during a recent meeting with the Secretary
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Nearly 100 roads in Nicosia will get new pavements, new drainage and a fresh layer of asphalt in a € 32 mln project that will see work starting in March 2010. Nicosia Mayor Eleni Mavrou signed the surveying contract that was awarded to the architectural firm of AF Modinos & SA Vrahimis. The study will
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President Demetris Christofias, seen here being greeted by Finance Minister Charilaos Stavrakis, called on young couples to apply to the House Finance Corporation for housing loans. He said that the HFC slashed interest rates on loans by 0.5% and that of the 200 mln euros available, only 17.5 mln had been taken up in loans
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The combined results of the 12 companies listed in the Main Market of the Cyprus Stock Exchange showed a 75.35% deterioration in the first quarter of 2009, as total profits fell to EUR 59.31 mln compared to EUR 240.57 mln profits a year ago in the same period, according to data compiled by the Financial
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Marfin presses ahead with Greece relocation plans Cyprus and Greece are headed into a “tough and uncertain” summer in a low growth environment, according to Efthymios Bouloutas, CEO of Cyprus’ second largest lender, Marfin Popular Bank. Bouloutas said Tuesday that in such conditions it was very difficult to issue a guidance or profit forecast for
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Lanitis Development Ltd and Q-Water Cyprus launch the KalGUARD+ Limescale Management System at Aphrodite Hills last week during a special ceremony attented by Deputy British High Commissioner Brian Olley. “Today you are seeing the launch of a major project in terms of reducing water consumption and the carbon footprint of users in Cyprus, but also
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President Demetris Christofias has described 2009 as probably the most difficult year in the history of Cyprus tourism, due to the global financial crisis which has affected many countries from which the island attracts tourists. For that reason, there is an urgent need to “restructure and reshape” the services provided in the tourism sector. Addressing
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. Members of the Rotary Club of Nicosia-Aspelia donated a brand new 15-seater minibus worth 27,000 euros to the Cyprus Anti-Cancer Society to help the 3,000 cancer patients who need to travel from far-away towns to the capital for their daily or weekly treatment. Club President Marianna Trokoudes presented the keys to First Lady Elsie
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Letter to the Editor Dear Editor I refer to your excellent editorial, "What do future MEPs say about corporate dominance?", May 13-19 issue, which raised an issue very close to my heart. As you know, the European Commission drafts legislation that it presents to the EU Parliament to be voted on. The Commission is obviously,
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. Our favourite Finance Minister, who on occasion seems to fall victim to the same blunders as other colleagues in the Cabinet, has finally showed that he is talking sense by announcing that he will ensure some 250 million euros are saved from excessive spending by civil servants. The only trouble is, why wait until
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