Yet another shop has been added to PrimeTel’s network, which is located on 11, Eleftherias Avenue in Deryneia and is ready to welcome the company’s subscribers. Beginning its operations, the shop will constitute the 8th point of sale of PrimeTel products and services. Sharing common characteristics with all the other existing PrimeTel shops across Cyprus,
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Emirates SkyCargo, will soon be adding the popular Indonesian Island of Bali to its Asia Pacific network, opening up a new trade lane between the island and the cargo carrier’s network of more than 140 destinations. Bali will become Emirates SkyCargo’s 2nd gateway in Indonesia and 24th Asia Pacific point in its global network. With
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Moderate veteran politician Mustafa Akinci made it through to the second round of presidential elections in the Turkish-occupied north of Cyprus, where incumbent conservative leader Dervis Eroglu failed to secure a first-past-the-post victory and both will go to a run-off on April 26. Analysts were quick to comment that the outcome, nearly a month before
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US economic growth has lowered arrears in residential mortgaged-backed securities (RMBS), Moody's Investors Service said in a sector comment. The rating agency considers that GDP growth and servicers' loss mitigation activities will also support the performance of legacy subprime RMBS in 2015. In Europe, stabilising unemployment – albeit at high levels in some countries –
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House prices in Cyprus fell by 3.0% in the fourth quarter of 2014, rose by 1.1% in the euro area and rose by 2.6% in the whole EU, compared with the last quarter of 2013, according to Eurostat, the statistical office of the European Union. Compared with the third quarter of 2014, house prices decreased
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Annual inflation was -1.4% in March in Cyprus, down from -0.8% in February, according to Eurostat, the statistical office of the European Union. Euro area annual inflation was -0.1% in March, up from -0.3% in February. In March 2014 the rate was 0.5%. European Union annual inflation was also -0.1% in March, up from -0.3%
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The House of Representatives on Saturday approved by a wide majority a long-overdue bill that determines insolvencies and regulates foreclosures, a requirement that had been demanded by the Troika of international lenders as part of a €10 bln bailout plan introduced in 2013. A total of 33 MPs from the ruling Democratic Rally (DISY), the
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With about 80% of the 175,000 Turkish Cypriot voters going to the polls on Sunday, three main contenders are vying for the presidency of the breakaway TRNC in the north of Cyprus. Incumbent Dervis Eroglu is running as an independent with the support of the UBP he once led and the Democratic Party of Serdar
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By Jameel Ahmad, Chief Market Analyst at FXTM Indices throughout the Asian session have shown downside pressures and this sentiment is likely to continue as a theme throughout both European and US trading today. There are two reasons for the decline in stocks and this is a combination of the China GDP earlier this week
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The Cyprus Stock Exchange (CSE) and GXG Markets (GXG) have struck a deal to promote dual and parallel listings on the GXG Main Quote Market and the ECM Market of the CSE, an agreement that is expected to boost liquidity for the cash-starved Cyprus bourse following the banking fallout in 2013 and the Troika bailout.
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