One of our Clients operating in the constructions and luxury real estate field, has designed a wonderful luxury residence in a beautiful city on the Adriatic coast of Italy. All authorizations and needed documentation have properly been prepared and approved. The deal encompasses apartments, shops, restaurants and a hotel. We are looking for a potential […]
For the last 8 months, Cyprus banking system noted a decrease of 6.2 bil in total loans, and derived an increase in the proportion of non-performing loans. The total loans by the end of August 2014 decreased to 58.5 bil from 64.7bil (August 2013)Companies’ loans dropped from 35.9 bil to 32 bil while individual loans […]
Monthly Average of Newly Registered Entities in Cyprus In 2014 the new registrations in companies recorder a slight decrease of 2.43% when compared to average monthly new registrations of 2013. The total number of Registered Entities had a 6.64% decrease. This decrease is mainly due to the write off of companies from the registrars Archive. […]
On 24 April the ALYSJ JV signed a €3.2 billion contract for the largest section of the new Doha Metro, the Golden Line. ERI advised during the negotiation of the contract with Qatar Rail and subcontractors. It will continue to advise the JV during the performance of the works. The JV is […]
International Referral, the world’s largest exclusive network of advisory firms is delighted to introduce Abraham Jacob from the Mohammed Ibrahim Law Firm. Abraham has joined IR as our exclusive Corporate Law Member in Oman. Mohammed Ibrahim advocates and legal consultants was established in 2006 and through our years of experience we have many reputed clients […]
In March 2014 Exarchou and Rosenberg International will become an alternative business structure (ABS) and transfer its head office operations to its London office. The aim is to develop its presence in London in order to promote its ability to service clients in the UK as well as take advantage of the esteem in which […]
International Referral, the world’s largest exclusive network of advisory firms is delighted to introduce George Rosenberg of Exarchou & Rosenberg International LLP. George has joined IR as our exclusive Construction Law member in the UK and Oman. Exarchou & Rosenberg International LLP is an International Law Firm specialising in international construction law and renders services […]
This month, instead of our regular review we decided to make a survey on how much you know about your clients and the correct KYC proceedures you are obliged to follow by the legislation. By taking the below survey you will be requested to answer 8 simple questions about KYC. In case you provide us with your […]
World Oil Reserves Referring to the most recent estimates of the Organization of Petroleum Exporting Countries, the proven oil reserves of OPEC reached 1,200.83 billion barrels compared to 277 billion barrels in Non-OPEC countries. This means that over 81% of the world’s oil reserves originate from OPEC countries, with the Middle East region holding up […]
Infocredit Group is pleased to announce the provision of Mediation Services in Cyprus. With an increasing need for effective and efficient resolution of commercial and other business disputes, Infocredit Group has launched the Mediation Service with two certified mediators to help you achieve quick out of court resolutions. There are many advantages when it comes […]
Infocredit Group is pleased to announce the provision of Mediation Services in Cyprus. With an increasing need for effective and efficient resolution of commercial and other business disputes, Infocredit Group has launched the Mediation Service with two certified mediators to help you achieve quick out of court resolutions. There are many advantages when it comes […]
The Bank of Cyprus has announced its full-year loss of €2.04 billion for 2013. The bank, which was recapitalised after bailing in depositors last year registered a loss of €93 million in the fourth quarter of 2013, down from €142 million in the previous quarter. “These results demonstrate stability on the asset and provisioning side […]