Bank of Cyprus has entered a phase of normalization, Minister of Finance Harris Georgiades has said, adding "we have reached a point where we can say we feel much more confident for the stabilization of our banking system." Georgiades met with the President and the CEO of the Bank who briefed him on the progress
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Emirates, a global connector of people and places, launched a scheduled daily service to Kiev, marking its first route to the Ukraine. “We are very positive about our new service between Kiev and Dubai, and we believe this daily air link will further stimulate the growing business and tourism opportunities between both cities,” said Thierry
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Cyprus President Nicos Anastasiades received on Sunday the Paul Harris Fellow recognition, a recognition given as an appreciation to an individual for their substantial contribution to the Rotary’s humanitarian and educational programme. The recognition was awarded during a charity dinner organised by the Cyprus Rotary Clubs at the Presidential Palace in support of the worldwide project spearheaded
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Energy, Commerce, Industry and Tourism Minister Yiorgos Lakkotrypis departed for the Netherlands late on Sunday for a meeting in teh Hague on Monday with the Dutch Minister of Economic Affairs Henk Kamp, who is responsible for energy issues. According to an official press release, on Monday evening Lakkotrypis will return to Amsterdam where on Tuesday he
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Foreign Minister Ioannis Kasoulides is in Brussels to take part in the deliberations of the EU Foreign Affairs Council (FAC). The FAC agenda includes the developments in Syria and Egypt, the Middle East Peace Process, the EU strategic engagement in Afghanistan and the situation in the Central African Republic, considering a possible crisis management operation
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Cyprus is regaining its credibility and as a credible country it has a very important geostrategic and political role to play in the Eastern Mediterranean, Government spokesman Christos Stylianides said today from London. Speaking to reporters on the conclusion of President Nicos Anastasiades’s four-day visit to the British capital, he said that a comprehensive assessment
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A chronic gap between rich and poor is yawning wider, posing the biggest single risk to the world in 2014, even as economies in many countries start to recover, the World Economic Forum said on Thursday (16 January). Its annual assessment of global dangers, which will set the scene for its meeting in Davos next
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Cyprus Cooperative Credit Institutions (Coops) approved a salary reduction scheme saving €16.5 million from its wage bill as part of a consolidation effort, a precondition for a €1.5 billion capital injection to plug its capital shortfall. Speaking at a press conference, President of the Committee of the Cooperative Central Bank (CCB) Nicolas Hadjiyiannis described the
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Government Spokesman Christos Stylianides confirmed today that the President of the Republic of Cyprus Nicos Anastasiades has received an invitation from the Chancellor of Germany to visit the country. In remarks to reporters in London, on the sidelines of the visit of the President of the Republic to the United Kingdom, Stylianides, when asked to
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Cyprus’ Turnover Volume Index of Retail Trade for the period January-September 2013 recorded a decrease of 7.5% compared to the corresponding period of 2012. According to figures released by the Statistical Service, Retail Trade Turnover Volume for September 2013 amounted to 105.4 units, recording a decrease of 7.1 units or 6.3% compared to 112.5 in
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