This paper presents a project evaluation study in which the methodological tools taught in the H.I.I.D. Program in Investment Appraisal and Management are applied. It examines the feasibility of a hotel project in Cyprus covering all aspects of investment appraisal. It begins with an analysis of...

The paper is a short article on the need to have an independent and objective assessment of public sector capital investment projects applying cost-benefit methodology and economic analysis which highlights how various stakeholders in a Public-Private Partnership gain or lose from such...

Normal demand will return to pre-pandemic levels only when conditions for living a normal life also gradually come back. And this will not happen before a vaccine is discovered, produced and administered or a cure is in place. The article questions the wisdom of prematurely using recession...

The Government has facilitated and protected the banks on a stand and motto that “without banks there is no economy”. However, eight years after the financial crisis that culminated to the infamous Bail-In in Cyprus the country remains heavily indebted with private debt exceeding by at least...

The paper suggests that concentration of money and a loosely regulated financial market as the main culprits impeding the efficient allocation of economic resources through a banking system that seems to have lost its way and mission. The pursuit of return without risk inevitably leads to the...

Economic policy in Cyprus completely ignores the fact the problem to overcome is the enormous, and almost unprecedented, private debt burdening the economy. The Government seems to be complacent in serving the narrowly defined needs of the few remaining systemic banks in Cyprus. It presents the...

The author has written two articles on the subject of “the Deal” sought and negotiated by the Government for privatising the ailing Co-Op Bank in Cyprus. In this paper he continues with “Socialising the losses and privatising the gains - Part 3” which provides an alternative proposal...

In May 2, the author wrote an article with the title “Socialising the Losses and Privatising the Gains” where private sector indebtedness in Cyprus is addressed as the main economic problem impeding sustainable development to take place. However, the Government and the banks in Cyprus...