With all the talk in 2007 being about climate change, global warming and carbon credits, the main topic of discussion in 2008 will be efficiencies in energy production, management and consumption. Energy saving is no longer a matter that concerns only a handful of green geeks or school children collecting cans to be recycled. It
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By Patrick Elston  The fevered speculation as to which organisation is to be the next target for a foreign takeover has not left the Cyprus Insurance Market completely unscathed in this respect. Whilst the ownership of your Insurer may be of considerable interest there are other aspects of the specific insurance covers of industrial
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The PEO trade union has estimated that the cost of living allowance (COLA) adjustment will amount to 2.56% while on basic wages, the adjustment will be 9.45%, following the publication of the inflation numbers for December, which saw year-on-year inflation as measured by changes in the CPI jump 3.91%. Based on the estimate, the total
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Cyprus and Malta adopted the euro on 1 January. All available evidence suggests that the changeover operation is proceeding very smoothly and without any noteworthy incidents. On 2 January, a significant number of cash transactions were already carried out in euro in both countries, and around 40% of citizens had only or mostly euro cash
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Cyprus Interior Minister Christos Patsalides expressed his satisfaction with the number of new voters that have been registered on the electoral roll to be eligible to vote in February’s presidential elections. Patsalides told CNA that 15.608 new voters were registered during the last three months, adding that according to the data of the competent authorities
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The introduction of the euro in Cyprus, on January 1st 2008, marks the beginning of a new era for the Republic, full of hope and changes for the better, President Tassos Papadopoulos has said, as he welcomed the country’s new legal tender. ”If our accession to the European Union is rightly considered as a great
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European Commission President Jose Manuel Barroso has welcomed Cyprus to the Εuro area of 15 European Union countries, stretching from the Mediterranean to the Artic Circle. In a written statement on the occasion of the adoption of the euro by Cyprus as from 1st January 2008, Barroso said the arrival of the Euro, marks a
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European Commissioner for Economic and Monetary Affairs Joaquin Almunia has said that with the adoption of the euro on January 1st, 2008, Cyprus has become even more integrated in the heart of the European Union, less than four years after it joined the EU. ”This is thanks to the stability-orientated economic policies pursued by Cyprus,
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Cypriot deputy Kypros Chrysostomides leaves Wednesday for London to represent House President Demetris Christofias at a Conference of Commonwealth House Presidents. The Conference will discuss issues concerning parliamentary procedures and the cooperation between the parliaments of the Commonwealth member states. Cyprus House General Secretary Costakis Christoforou will attend the meeting of the Parliaments General Secretaries
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The EU Slovenian Presidency has welcomed the accession of Cyprus and Malta to the eurozone on January 1st, 2008. According to a press released issued by the Slovenian Presidency, Slovenian Minister of Finance Andrej Bajuk said ”the euro brings numerous advantages in the business sector since it abolishes unnecessary costs and increases competitiveness.” ”This encourages
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