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Social / CSR in Cyprus

  • Oxfam Study Finds Richest 1% Is Likely to Control Half of Global Wealth by 2016

    AFGHANISTAN, 2015/01/20 The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland. The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.

  • Region's businessmen support reunification

    CYPRUS, 2014/01/13 The business associations of Turkey, Greece, the Republic of Cyprus and the Turkish Republic of Northern Cyprus (the latter is recognized only by Turkey, and not at the international level) have issued a joint statement to urge their respective governments to start talks for a peaceful resolution of the longstanding issue on the division of the island, the northern part of which has been occupied by the Turkish military since 1974. For Turkey, as a press release from the Italian Trade Commission (ICE) office in Istanbul notes, the statement was supported by the Turkey Association of Commercial and Industrial Enterprises (TUSIAD). It was as well signed by the leaders of the Federation of Greek Industries (SEV), the Cyprus Employers and Industrialists Federation (OEB) and the Association for Northern and Southern Cyprus (ISAD).

  • Turkish Cypriots demonstrate in June 2012 in front of EU

    CYPRUS, 2013/12/16 A recently approved 31 million euro EU financial package for the Turkish Cypriot community will help to promote the economic integration of Cyprus and improve dialogue between the two communities, EU officials said. But some analysts said the move has additional political than economic price, explaining it as an attempt to improve the EU image part Turkish Cypriots. "This renewed funding underlines the commitment and strong support of the European Union to make a difference in the lives of Turkish Cypriots, to help bring the Turkish Cypriot community closer to the EU and to pave the way for reconciliation and the reunification of Cyprus," EU Enlargement Commissioner Štefan Füle said in a statement.

  • Civil servants early retirement doubled in Cyprus

    CYPRUS, 2013/09/04  In Cyprus the number of public servants taking early retirement doubled in 2012 compared to the year before, while the figure for this year is steadily rising, Cyprus Mail reports quoting the chief of the Public Service Commission (PSC), Pavlos Papageorgiou, as saying on Monday. Speaking next handing over the PSC's annual statement for 2012 to President Nicos Anastasiades at the Presidential Palace, Papageorgiou said, despite the freeze on hiring and promotions in the public sector, the Commission still had plenty to do in 2012.

  • Unemployment in the Republic of Cyprus

    CYPRUS, 2013/07/03  Unemployment in the Republic of Cyprus reached 16.3% in May compared to 15.8% in April and it is amongst the nations with the highest increase, as Financial Mirror reports today. According to data released Monday by the Eurostat, the EU statistical service, the eurozone area unemployment rate was 12.1% in May 2013, up from 12.0% in April. The unemployment part the 27 EU members, was 10.9%, stable compared to the previous month. In both zones, rates have risen markedly compared with May 2012, at the same time as they were 11.3% and 10.4% respectively.
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