The foundation stone for the construction of the ambitious project of the Ayia Napa Marina has been laid on Friday, 30th September 2016, in the presence of the Minister of Finance, Harris Georgiades and the Egyptian investor of the project, Naguib Onsi Sawiris. The event was also attended among others by the Minister of Transport, Communications and Works, Marios Demetriades, the Minister of Health, Dr George Pamborides and mayors of the Ammochostos area.
The G20 Summit is taking place this week in Hangzhou, China on September 4-5 with economic issues dominating the agenda. The Summit's tagline will be "Toward an Innovative, Invigorated, Interconnected and Inclusive World Economy", giving us a taste of China's efforts to promote an integrated global economy.
The University of Cyprus Economics Research Centre published the revised economic outlook of Cyprus for July 2016. According to the report, the recovery of the Cypriot economy is projected to "gain momentum" as real GDP is forecasted to increase by 2.9% in 2016. "Robust growth" is also expected to sturdily continue in 2017 as real GDP is estimated to expand by 3.0%.
Some very interesting and positive information on the global workforce has been revealed from the fifth annual Ernst & Young Global Job Creation Survey 2016.
In 1988, the US-based provider of stock market indexes, MSCI, launched the Emerging Markets Index, which consisted of just 10 countries representing less than 1% of world market capitalization. Today the MSCI Emerging Markets Index consists of 23 countries representing 10% of world market capitalization.
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