Cypriot President Nicos Anastasides, Israeli Prime Minister Benjamin Netanyahu and Greek Prime Minister Alexis Tsipras, met on Thursday in Thessaloniki for their fourth trilateral Summit. The leaders declared after their meeting that they are planning to accelerate the development of the pipeline (EastMed Project) that will channel natural gas to Europe from the newly discovered reserves in Israel and Cyprus. Mr. Netanyahu, said that if the pipeline becomes a reality, will signal tremendous prospects.
2016 has been an interesting year for the markets and the economies worldwide in general. What is even more interesting now is how the markets have reacted so far in 2017, after numerous predictions from world known analysts and global financial houses.
Currently the image of the luxury real estate markets around the globe has been considerably varying. Sales volumes for luxury properties in markets like New York, Hong Kong, and London had been stabilizing in 2016, while emerging luxury markets continued to evolve. Moreover, markets that had experienced a lengthy period of decline are beginning to recover, for example Dublin and Detroit.
Following a three - year reform period and an extensive banking consolidation, Cyprus has exited the EU-IMF economic adjustment programme in March 2013 and has entered a period of recovery and growth. In this post crisis period, where Cyprus is currently outperforming its budgetary targets and the economic trends are showing positive signs, the challenge is to increase the island's role as a regional hub in the Eastern Mediterranean.
It has been a week since the American presidential elections where the Republican candidate Donald Trump was elected to be the 45th President of the United States. Donald Trump defeated Democratic nominee Hillary Clinton and is scheduled to take office on January 20, 2017 in what has been perceived as one of the biggest shocks in contemporary American political history.
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