This newspaper has repeatedly criticised the lack of vision of the present and past administrations as regards the goings on (or not) at the Office of the Registrar of Companies that has disintegrated into a second-rate government unit with poor productivity forcing hundreds of potential businesses away from Cyprus shores. What was once the foundation
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 Finotec Trading (Cyprus) held its second training seminar at the Hilton Park Hotel, Nicosia. In all, 50 people from experienced traders to ‘hobby’ traders took part in the free educational seminar on learning how to use the web interfaced/on-line Finotec trading platform to trade currencies, commodities, CFDs and equities. Peter Leonidou, Finotec Sales Manager
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Hellenic Bank has boosted its range of prepaid cards ideal for electronic transfers with the launch of the “Money Transfer†card, which aims to capture a growing market of foreigners living and working in Cyprus transferring money back home. Rena Papadopoulou, Manager Card Services at Hellenic Bank told the Financial Mirror that the new card
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George Paraskevaides, co-founder of the J&P construction colossus and great philanthropist, died Wednesday in The London Clinic, aged 91. Paraskevaides was born in Athens in 1916, but soon after his birth he moved with his family to Cyprus, where he excelled at the Pancyprian Gymnasium in Nicosia and studied architecture at the Milan Polytechnic, Italy.
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The credit outlook for Denmark‘s rated banks and mortgage institutions remains stable, reflecting their strong domestic franchises, limited risk appetites and good financial fundamentals, Moody’s Investors Service said in its new Banking System Outlook for Denmark. Key challenges include an increasing level of competition from both Danish entities and players from other Nordic countries, which
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Malta‘s domestic banking system remains highly concentrated but continues to record good performance thanks to growth in household credit, Moody’s Investors Service said in its new Banking System Outlook for Malta. Malta‘s domestic banking market remains dominated by the two largest deposit money banks (DMBs), namely Bank of Valletta (rated A3/P-1/D+) and HSBC Bank Malta
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Minister of Foreign Affairs Erato Kozakou Markoullis pointed out on Wednesday that ”the Middle East is a region of tremendous potential, yet this potential will only be realised in an environment of sustainable regional peace, security and development,” adding that Cyprus, since joining the EU, has been transformed into the bloc’s external frontier in the
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European Union Finance Ministers have accepted a request from Cyprus to postpone VAT on the purchase of foodstuff, medication and restaurant services until the end of 2009. The decision was taken unanimously at the European Union Economic and Financial Affairs Council (ECOFIN) by all 27 member-states, after negotiations, which took place with the participation of
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The accession of the Republic of Cyprus to the European Union is a three-year-old reality and the country is preparing to make the next most important step in its recent history and adopt the euro on January 1, 2008. The Cyprus pound will be replaced and the country will become a member of the Economic
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The National Bank of Kyrgyz Republic and the Central Bank of Cyprus, expressing their mutual interest and willingness in establishing and promoting bilateral ties in the domain of supervision of credit institutions, recently signed a Memorandum of Understanding. Â The National Bank of Kyrgyz Republic is the competent authority for the licensing, regulation and supervision of
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