Cyprus beaches in the top rankings of EU

Ayia Napa and Protaras beaches were ranked among the top European beaches at a voting, held by a famous European tourism website “Trip Advisor”. Ayia Napa beaches are on the first place and Protaras beaches third among the beaches of Europe.

“Twenty three beaches of Protaras and Ayia Napa were awarded the Blue Flag, something that proves the high standard of quality of those beaches” — the Secretary of the Famagusta Chamber of Commerce and Industry Mr Iacovos Hadjivarnavas underlined.

Mr Hadjivarnavas noted that approximately one third of the tourists who visit Cyprus, stay in hotels in the area of Famagusta.

The main reasons which the tourists prefer Ayia Napa and Protaras for their holidays are the very clean waters, the high grade beaches, the welcoming people and the quality of the services provided by the area`s tourism industry.

At the same time, Mr Hadjivarnava stressed that more infrastructure works have to be done in the area of Famagusta, with the target to attract the tourists and to further improve the level of services provided.

Mr Hadjivarnava specifically indicated to marinas and golf courses of Protaras and Ayia Napa. He pointed out that private strategic investors shall undertake those works.

By Irina Lelina for Areti Charidemou & Associates LLC

The most powerful people of the planet 2011

Forbes, an American business magazine, published a list of the most powerful people in the world in 2011. In the magazine’s list this year included 70 people — politicians and public figures, businessmen and celebrities, capable, according to the rating, to personally influence the course of human history. Among them are politicians, executives, business owners, religious leaders, military as well as representatives of the criminal world.

Forming the annual ranking of powerful people, Forbes takes into account the four main indicators of power. Firstly, the number of people under the leadership of a person, in the case of a country’s leader is the population of the state, if the head of the company — number of employees. Secondly, financial resources, which might be managed by the person involved in the rating. Thirdly, the leadership in certain field of activities. Fourthly, to get into the rating a person must be actively using their powers in the previous year.

According to Forbes, the most powerful man in the world in 2011 is the U.S. President Mr Barack Obama. Despite the current political weakness, the impact of Mr Obama in 2011 increased again after many achievements in foreign policy. In second place in the ranking — the Prime Minister of Russian Federation Mr Vladimir Putin, who recently announced his intention to return to the presidency in 2012. The authors of this rating have placed the President of China Mr Hu Jintao in third position.

In the top ten rating also includes the following persons: German Chancellor Angela Merkel, Microsoft founder Bill Gates, Saudi King Abdullah Bin Abdul Aziz Al-Saud, Pope Benedict XVI, head of the U.S. Federal Reserve Chairman Ben Bernanke, Facebook founder Mark Zuckerberg and the Prime Minister of Great Britain, David Cameron.

By Irina Lelina for Areti Charidemou & Associates LLC

The most important banks in the world economy

The Financial Stability Board G20 after the summit of «Group of Twenty», which was held in Cannes (France) last week, published a list of 29 systemically important banks. Most of these banks are registered in the U.S. (eight). This is Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JP Morgan, Morgan Stanley, State Street and Wells Fargo.

The others most important banks for the global economy are in the UK (four) and France (four). The British banks which have been refereed to are Royal Bank of Scotland, Lloyds Banking Group, Barclays and HSBC, and the French — Banque Populaire, Credit Agricole, BNP Paribas and Societe Generale. In Japan, the main offices are located of three systemically important banks — Mitsubishi UFJ, Mizuho and Sumitomo Mitsui, Germany and Switzerland — two, respectively, Deutsche Bank, Commerzbank ,UBS and Credit Suisse.

With One representative in the list of important banks was Italy (Unicredit Group), Spain (Banco Santander), Sweden (Nordea), Netherlands (ING Groep), Belgium (Dexia) and China (Bank of China).

One of these financial institutions — the Belgian Dexia — now in a difficult position. Shares of the Franco-Belgian bank Dexia during trading last Tuesday collapsed by 37%. Decline in the value of the securities of the bank was due to the debt crisis in Europe. The Governments of France and Belgium pledged to help to the bank Dexia.

By Irina Lelina for Areti Charidemou & Associates LLC