— Residential development of 350 luxury apartments in Bucharest underway  Demetra Investment Pcl, Cyprus’ largest investment company, has invested EUR 13 mln in a major property deal in Bucharest’s Baneasa Gardens, one of the most sought-after neighbourhoods of the Romanian capital, where it will develop a project of 350 luxury apartments in association with
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Boingo Wireless Inc., which provides access to the world’s largest network of Wi-Fi hotspots, is looking to expand its applications in Cyprus. Chris Gunning, Director of Marketing at Boingo told the Financial Mirror that although the recently announced agreement with Nokia is to build Wi-Fi applications exclusively for Nokia mobile phones for the Boingo Wi-Fi
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An intense price war waged by Cyprus’ commercial banks in their bid to attract deposits is likely to hurt the property market, with bankers blaming the Central Bank for imposing tight liquidity conditions in order to control the spectacular increase in loans in the real estate and properties sectors. Marfin Laiki Bank is widely blamed
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The European Commission has unveiled a Blue Card for skilled migrants, based on the US Green Card, in a bid to attract suitably qualified people and their families to live and work within the European Union. The EU says it needs 20 mln skilled workers over the next two decades, and is very short of
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The European Commission launched a campaign informing Cypriot citizens about their consumer rights both at home and in other EU countries. “EU laws have given consumers rights, but making laws is only one step towards empowering consumers”, Meglena Kuneva, European Commissioner for Consumer Affairs said in a video recorded speech. “To make these rights work
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Cyprus Airways announced that it will continue the summer schedule and will fly three times per week to Bucharest, Romania. Bucharest was launched as a CAIR destination in May and the company expresses its satisfaction since results are more than encouraging so far. “Demand is on the riseâ€, the announcement said, adding that the most
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COMMENT: By Michael S. Olympios  When the Electricity Authority of Cyprus (EAC) couldn’t meet energy demands last summer half of the country’s capital experienced a blackout. Industrial units and hotels shut down air conditioning, people had to sleep in temperatures that exceeded 36 degrees and frustration over the state’s ability to deliver one of
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At a time when the yellow Euro-bus campaign is strolling from village to village, or when Marfin Laiki prefers to use the lepta instead of the official cents, Hellenic Bank has shown that is has truly grasped the concerns of the public and has produced (once again) another practical information booklet on the euro. Shortly
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The CIIM Business School and the Management Centre are launching the 2007-2008 Business Plan Competition on Thursday at the Goethe Institute, next to Ledra Palace, Nicosia in order to encourage and promote youth entrepreneurship across the island. The initiative ‘Action for Young Enterprises for Cyprus’ (AYEC), is funded by UNDP-ACT and has the support of the Cyprus Academic
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The correction in the economies of the Republic of Ireland (AAA/Stable/A-1+), Kingdom of Spain (AAA/Stable/A-1+), and the United Kingdom (U.K.; AAA/Stable/A-1+) as a result of the downturn in the housing market and related construction sector slowdown could be protracted, said Standard & Poor’s Ratings Services in a recent report. “The slowdown will hit economic growth
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