The European Central Bank unveiled on Monday, in Frankfurt, the new €10 banknote which starts circulation on September 23 2014. The new €10 will be easily recognisable as its design is similar to the €10 of the first series, a Cyprus Central Bank press release says. It is further added that the design incorporates advances
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Greece, holding the rotating presidency of the EU until June, said it would promote the enhancement of energy security in the 28-country bloc and fully support the European Commission’s approach to Russian energy giant Gazprom. Speaking to the press in Athens last week, the Greek minister for energy, Yiannis Maniatis, said the first pillar for
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UN Special Adviser on Cyprus, Alexander Downer, has postponed his scheduled visit to Cyprus for two days. UNFICYP spokesperson Michel Bonnardeaux told CNA on Monday that Downer is coming in two days. “He has delayed his arrival for 48 hours for personal reasons”, he added. The UN diplomat, who was expected to begin a new
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As of Monday the value added tax (VAT) standard rate in Cyprus will increase by 1% to 19%, as part of a series of obligations, included in the €10 billion bailout the island agreed with its international lenders in March last year (EC, ECB and the IMF). The standard rate, to increase from 18% to
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Former Luxembourg Prime Minister Jean-Claude Juncker, the EU's longest-serving elder statesman, threw his hat into the ring yesterday (9 January) for the presidency of the European Commission to succeed José Manuel Barroso. Juncker, 59, who governed for 19 years until a general election defeat last October and also chaired eurozone finance ministers for eight years
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The EU will allocate 80 bln euros for research and innovation in the period 2014-2020, through the program “Horizon 2020”. According to a relevant announcement, the program will be officially presented in Cyprus next Thursday, in the presence of European Commissioner for Research, Innovation and Science Máire Geoghegan-Quinn. Events for “Horizon 2020” are being organized
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The new chairman of the Board of Directors of Cyprus Tourism Organization (CTO) Costas Kadis has expressed readiness to work methodically with enthousiasm for better days to come in tourism. In statements prior to the beginning of the first Board meeting, held yesterday, Kadis expressed satisfaction with the fact that distinguished people participate in the
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Dubai, Mauritius, the Seychelles and the Maldives are some of the most sought after destinations for Cypriot honeymooners. Emirates Holidays is offering a range of special packages to these four exotic destinations at the Wedding Exhibition in Nicosia. This annual event, for which Emirates Holidays is one of the main sponsors, will take place on
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Based on the findings of International Roundtable on “Art Trafficking and Restitution” at the Peace Palace, the Hague A Model prototype, claiming looted antiquities along with a mapping template of the international scene on the looting of cultural heritage, has been completed and will be sent today to international organizations and personalities including the United
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A delegation of a European Parliament (EP) Committee on Finance arrives in Cyprus on Thursday as part of a probe into the democratic legitimacy of the Troika (EC, ECB, IMF). The MEPs are visiting all the bailed out countries of the Eurozone in a bid to compile a report proposing changes for the future. In
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