Minister of Communications and Works, Tasos Mitsopoulos referred Thursday to Government’s efforts to reinvent Cyprus as a destination point for visitors/tourists and as a hub connecting Europe with other parts of the world, addressing the first Aviation and Tourism Conference organized by HERMES Airports with the theme “Air connectivity Development for Cyprus through Change, Cooperation
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Proposed rule changes designed to introduce more competition in the credit and debit card markets lack standards to protect consumers from fraud and data security breaches, officials told the European Parliament on Tuesday (7 January). The European Commission published its update of the Payment Services Directive in July last year, aiming to cover regulatory and
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Strained by a long-lasting economic crisis, Greece aims to use its presidency of the EU to regain European partners’ trust and credibility, as the country is slowly creeping along the path to recovery. In a city blocked by police and security forces, the Greek government readied itself to launch its fifth presidency of the EU at
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As of Monday January 13 the 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 (EC, ECB and the IMF). The Ministry of Finance estimates that following the hikes in the VAT standard
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97 million Chinese tourists went abroad in 2013 “Chinese tourists spend so much abroad that some foreigners are calling them ‘walking wallets’,” researcher says. World's biggest-spending travellers likely to have topped 2012 record of US$102 billion, researcher says. Nearly 100 million Chinese tourists visited foreign countries last year, and they are likely to extend their
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Cyprus’ unemployment stood at 17.3% in November 2013, remaining unchanged compared to October. According to data published Thursday by Eurostat, the number of unemployed reached 78,000 people. At the same time, unemployment rate in Eurozone and the EU remained stable. According to seasonally adjusted data by Eurostat, unemployment ranged at 12.1% in the Euro area
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Cyprus inflation for December 2013 decreased at a rate of -1.3%, and -0.8% for November 2013, while the rate increased by 1.5% for December 2012, the Statistical Service announced Wednesday. Announcing the evolution of the Harmonized Index of Consumer Prices (HICP) for December 2013, the Statistical Service says fluctuations of the Index during the last
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Promoting awareness on green growth and making the most of available EU funds to that effect were the focus of a meeting on Wednesday between Environment Commissioner Ioanna Panayiotou and President and Secretary General of the Cyprus Chamber of Commerce and Industry (KEVE) Phidias Pilides and Marios Tsiakis. In statements after the meeting Pilides said
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Unemployment in Cyprus stabilised at 17.3% in November 2013, remaining unchanged compared to October. According to data published Thursday by Eurostat, the number of unemployed reached 78,000 people. At the same time, unemployment rate in Eurozone and the EU remained stable. According to seasonally adjusted data by Eurostat, unemployment ranged at 12.1% in the Euro
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Cyprus Foreign Minister Ioannis Kasoulides has expressed hope that 2014 will mark the island's reunification and rid the country of Turkish occupation troops. Speaking during a gathering at the ministry on Tuesday to mark the new year, Kasoulides pointed out that to achieve this goal the Turkish side should exhibit the necessary will for a
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