The third annual Eastern Mediterranean Gas Conference (EMGC), to be held at the Hilton Cyprus in Nicosia on 17-18 March 2015, is taking place at a time of rapid developments in the Eastern Mediterranean energy sector. The conference is organised by Gulf Publishing Company with Noble Energy as the lead sponsor, and Hyperion Systems Engineering
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House Finance Committee Chairman and opposition DIKO party leader Nicolas Papadopoulos said that there is “little chance” that parliament would vote on the final bills on insolvencies by March 19, when the present suspension of laws on foreclosures ends. The Committee, in a joint session with the House Interior Committee, started reviewing the fifth and
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Central Bank Executive Director Stelios Kiliaris resigned from the board on Thursday saying that Governor Chrystalla Georgadji had a list of 29 MPs who have portfolios of non-performing loans and alleging that Assistant Attorney General Rikos Erotokritou was “on the take” from a senior partner of the law firm, Andreas Neocleous & Co. LLC. This
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. The geopolitical developments are evolving at such a fast pace that Cyprus could, yet again, find itself sitting on the sidelines if it doesn’t move fast, with dire consequences for all sectors of the economy. With tourism and agriculture not our best qualities as we have managed to price ourselves far above our competitors,
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Cyprus’ national programme within the European Year for Development * Cyprus’ national programme within the European Year for Development * By Ioannis Kasoulides, Foreign Minister In today’s interdependent world, global problems need global solutions. Global solutions are necessary for international security, political, economic, monetary and environmental stability, as well as for access to raw materials
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The Ministry of Communications and Works and Hermes Airports, Operator of the Cypriot airports, announced today the introduction of new incentive schemes for both, Larnaka and Pafos international airports. The six incentive schemes aim at further strengthening the air connectivity of Cyprus and boosting the country's tourism industry. The schemes are offered to all the
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Eurobank Cyprus Ltd, the wholly-owned subsidiary of one of the ‘big four’ banks in Greece, recorded a 10% rise in profits to €38.6 mln in 2014, up from €35 mln the previous year, defying the negative economic climate in both countries. That is a steady improvement on the 2014 half-year profits of €26.3 mln. Considered
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The fees that banks charge retailers to process shoppers’ payments will be capped, under uniform EU-wide rules, further to a vote in the European Parliament on Tuesday. The cap, which will apply to both cross-border and domestic card-based payments, should result in lower costs for card users. "This legislation, combined with the upcoming Payment
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The trade deficit for the whole of 2014 widened to €3.69 bln compared to €3.22 bln in the year before, with imports continuing to rise and exports steadily falling. The foreign trade statistics report for December by the Statistical Service Cystat showed total imports/arrivals in January-December 2014 amounted to €5,13 bln compared to €4.83 bln
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Arkia Israel Airlines announces with immediate effect that will increases its flights from Tel Aviv to Larnaca, from 4 to 5 per week, while proceeding with additional flights in April. Specifically, the airline will connect Larnaca and Tel Aviv, 3 times a week until 29/03/2015. The airline’s flight schedule will further strengthen between 05.04.2015 –
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