Geopolitical uncertainty and trade tensions heavily impacted the 2019 IPO landscape, pushing overall IPO activity down in terms of deals and proceeds. 2019 has registered 1,115 IPOs with proceeds of US$198b – a 19% fall in deal volume and a 4% decrease in proceeds compared with 2018. However, as US-China-EU trade tensions, concerns about economic growth and other geopolitical issues – including Brexit and social unrest in Hong Kong – subside, a healthy increase in IPO activity is expected in 2020, particularly in the first half of the year, as markets are expected to become more volatile leading up to the US Presidential elections.
Read full articleSustainable development and protecting traditional methods of farming were the main items on the agenda as discussions wrapped up in Omodos village on a European conference on the challenges facing mountainous areas of large Mediterranean islands during which the Troodos Cyprus Declaration was approved.
Read full articleWith liquified petroleum already being moved to the new facilities in Vasilikos and liquefied natural gas (LNG) scheduled to be transferred to the same area in December 2020, the Larnaca municipality has plans to transform the area of Livadia, once the refinery located there finally shuts down.
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