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Financial Mirror (Cyprus) - - FRONT PAGE -

Floor pending in­ves­ti­ga­tions into the CYP 9.2 mln short­fall dis­cov­ered in the EAC Prov­i­dent Fund that it man­aged, while a fur­ther short­fall of CYP 650,000 in the Cyprus Air­ways pi­lots’ prov­i­dent fund is also be­ing probed. The prob­lems are di­rectly re­lated to the 12% an­nual guar­an­tees given by Suphire to the prov­i­dent funds of the EAC, the pi­lots, the For­est In­dus­tries and the doc­tors’ union.

Jor­gen Jor­gensen, Gen­eral Manager of the CYP 150 mln In­ter­Con­ti­nen­tal Aphrodite Hills Re­sort that opens this month said that there is a need for more golf cour­ses on the is­land as this adds value to a tourist des­ti­na­tion. Jor­gensen said he ex­pected the first ten months of op­er­a­tion to have an

More golf:

oc­cu­pancy rate of 50%.

Home

prices

down:

Home sell­ing prices con­tin­ued to sta­bi­lize in Fe­bru­ary, record­ing a mar­ginal decline of 0.3% from Jan­uary, ac­cord­ing to the BuySell in­dex, bring­ing the av­er­age price to CYP 82,936.

Gov­er­nance boost:

Good cor­po­rate gov­er­nance can add 11% to a com­pany’s share price and even 7% to GDP, ac­cord­ing to re­search, with Derek Brad­don of the Uni­ver­sity of the West of Eng­land also warn­ing that too rig­or­ous a sys­tem could have a detri­men­tal ef­fect on economies.

Hal­loumi ex­ports:

A UN ex­pert who had been ad­vis­ing Cypriot farm­ers on tech­ni­cal mat­ters said that the ex­port po­ten­tial of hal­loumi is so big that ex­ports could in­crease five-fold with more ef­fi­cient and health sys­tems. Sales in 2013 reached CYP 10.5 mln or 5.1% of all do­mes­tic ex­ports.

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