President Nicos Anastasiades has stressed that the island’s current division, as a result of the continuing Turkish occupation since 1974, must not be allowed to become permanent. But he is also optimistic of the benefits that could derive from a solution. He also said that the tragedy of the invasion must not be allowed to
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Tourist arrivals rose 11% in June to 342,221 tourists, compared to 308,219 in the same month last year, according to the statistical service Cystat announced. Based on the monthly Passenger Survey, an increase of 0.6% was recorded in tourist arrivals from the United Kingdom, from 111,156 in June 2013 to 111,792 in June 2014. Arrivals
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The Finance Minister told the House Finance Committee that there is disagreement between the Government and Cyprus' lenders over the foreclosure legislation on mortgaged properties, Committee Chairman Nicolas Papadopoulos said. Speaking after a meeting with the Troika mission heads at the Parliament, Papadopoulos said that Cyprus’ international lenders insist on legislation allowing for the foreclosure
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The Industrial Turnover Index for April reached 77.1 units (base 2010=100), a decrease of 8.8% compared to April 2013. According to the Statistical Service, for the January-April period, the index showed a decrease of 10.6% compared to the corresponding period of the previous year. For Manufacturing, the index for April reached 76.3 units, down 6.6%
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Britain’s National School of Government International will consult the Cypriot government over plans to restructure the Ministries of Defence, Justice and Foreign Affairs, on the basis of an agreement signed on Friday. The Finance Ministry said that the modernisation of the public sector is a priority of the present administration but also an obligation deriving
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easyJet announced that, following a highly competitive selection process, it has selected CFM International S.A. as its engine supplier to provide 270 engines to power its firm order of 35 Airbus current generation A320 aircraft and 100 Airbus new generation A320neo aircraft, together with any future exercise of the 100 purchase rights over new generation
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By Jameel Ahmad, Chief Market Analyst at FXTM Well, the penny for this pair has finally dropped. After the NZDUSD surpassed the psychological 0.88 valuation around one week ago, the 0.8840 August 2011 high seemed to be within touching distance. As the old saying goes, so close but no cigar. Additionally, the Reserve Bank of
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“You have an idea for a business, it does not need to be a mind-blowing innovation; it just needs to solve a problem you understand well”. Yiannis Gavrielides, a Cypriot entrepreneur, was working as a Consultant for a large corporation in London when he realized that one of his colleagues spent valuable time looking for
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A Multinational Search and Rescue (SAR) daylight exercise, titled “CYPUSA – 01/14” was conducted on Wednesday, from 11:00 until 14:30, near the coast of Cyprus, with the participation of SAR Units and Personnel from the Republic of Cyprus and the United States of America. A press release issued by the Cyprus Defence Ministry, notes that
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* Private placement to institutionals – “Clawback” fixed at 20%, set at €100,000 per investor * The Bank of Cyprus announced on Tuesday the structure of its capital increase in three phases, expected to be approved by an extraordinary general meeting of shareholders in August with the aim to raise about EUR 1 bln. The
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