. BY ANDREAS KARMIOS It is estimated that the size of money laundering worldwide through the banking sector, is more than US$ 500 bln to 1 trln annually. Worldwide money-laundering is very real, not only economically destabilising a country but also exposing it to terrorist attacks, and threatening its integrity and sovereignty. It conceals the
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. BY CONSTANTIN VAYENAS In one form or another, Aesop's tale of the ant and the cricket, with its hard lessons about the rewards of thrift and improvidence, is well known. The carefree cricket sings the whole summer long, putting nothing aside for the winter, while the hardworking ant labors tirelessly to build up an
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China is climbing up the world innovation rankings faster than other countries. Since the Economist Intelligence Unit first published its global innovation index two years ago, China has moved up from 59th to 54th in the rankings — an improvement the EIU thought would take five years has been achieved in just two. According to
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The luxury sector faces a 15-20% decline in sales revenues in the first two quarters in 2009, shrinking to €153 bln from its 2008 level of €170 bln, according to the Bain & Co. semi-annual update to its ‘Luxury Goods Worldwide Market’ study in response to the sharp deterioration of the global economy since October
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Kennedy Consulting Research & Advisory has ranked PricewaterhouseCoopers (PwC) number one in business advisory services and management consulting in its ‘Global Consulting Marketplace 2008-2011’ report. PwC was also placed third in the human resources consulting practice area according to the study. According to the Kennedy report, PwC's size and high potential for growth make it
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“A big thumbs-up for Cyprus” says organiser Andrew Oliver Residents gave a huge vote of confidence in Cyprus at two debates held last week. The motion for debate was “This meeting believes that despite the current economic difficulties, ex-pats are best advised to remain in Cyprus.” The Great Debates – “Stay Or Go?” took place
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For the third year running, CIIM Business School is organising its Summer Management School for Young People, from July 6 to 17. Designed to impart skills and knowledge needed to increase self-confidence and to help young people meet challenges and opportunities in their lives, the course is a fun learning programme of ten, five-hour sessions.
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Yasmos Ltd, a Cyprus based company, has launched its web search site, www.yasmos.com, that features news, travel, entertainment, video and real estate information. “Yasmos.com will continue to evolve and expand its web properties and will shortly include e-mail, shopping and a marketplace to ensure that we are providing the best internet experience possible for our
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The Electricity Authority of Cyprus and Bishop Athanassios of Limassol have signed a memorandum of understanding for the long-term lease of a parcel of land near Akrotiri, where the power utility will develop a solar park with a potential output capacity of 50-100 MW. The agreement was signed by EAC Chairman Haris Thrassou who said,
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— S&P analysts favour deal — American International Group’s decision to turn its property-general insurance business into a new company, so that it can sell shares of the firm to the public, is seen as benefiting the Group’s Cyprus operations. The new company will be called AIU Holdings and will be a separate corporate entity,
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