The National Bank of Greece sold the majority 90% stake in its hotel subsidiary that owns the Astir Palace in Vouliagmeni to Jermyn Street Real Estate Fund IV LP for 400 mln euros as part of the sale of non-core assets by all Greek banks that have turned to the state rescue fund for aid.
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The Greek toys retailer Jumbo announced that the positive trend in revenues continued in November resulting in the increase of its 5-month sales above the annual target of 4%. The company revised upwards its sales and net earnings guidance for FY14 with revenue growth at 4-6% (vs. initial target for 2-4%) and net earnings between
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Etihad Airways, the national airline of the United Arab Emirates (UAE), enjoyed stunning success at this year’s World Travel Awards, taking top honours for the fifth year in a row. At a ceremony in Doha, Qatar, Etihad Airways took home the prestigious titles of World’s Leading Airline, World’s Leading First Class, and World’s Leading Airline
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And Cyprus College Alumni Association on your iPhone and Android Released today 11/12/2013, the EUC Alumni Mobile application is an initiative to improve the mobile experience of alumni and European University Cyprus students, faculty, staff and visitors who interact with the University’s community and are interested in alumni events and news. The Alumni Association in
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Driven upward by the eurozone's strongest economy, Germany, the Manufacturing PMI for the region grew to 51.6 in November, up from October's 51.3 and rising steadily for a fifth consecutive month just as analysts predicted. The eurozone Services PMI on the other hand weakened slightly to 51.2 in November, but whilst the reading was lower
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The RICS Cyprus Property Price Index recorded significant reductions nationwide, figures released on Tuesday, showed. During the third quarter of 2013, the Property Price Index records significant reductions nationwide in all major urban areas, with sales prices and rents dropping, said the Royal Institution of Chartered Surveyors (RICS) Cyprus. According to the index, Nicosia and
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A business forum has been organized in Prague in the framework of the common effort of the Cyprus Chamber of Commerce and Industry (CCCI) and the Ministry of Energy, Commerce, Industry, and Tourism to promote Cyprus as a services centre. Presentations at the forum referred to the benefits offered by Cyprus’ tax and legal system
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Cyprus and Egypt are set to sign a series of bilateral agreements to enhance their cooperation during a two-day official visit Cyprus President Nicos Anastasiades will pay to Cairo. President Anastasiades, who leaves on Wednesday evening, will meet Egyptian President Adly Mansour. The meeting will be followed by talks between delegations from the two sides.
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Cyprus Central Bank has warned that using the virtual currency Bitcoin is dangerous. Replying to a CNA question on the matter, the Central Bank notes that “it considers the use of any kind of virtual money as particularly dangerous, given that it is not under any regulatory system and its operation is unchecked”. At the
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Island wide low temperatures, rain, storms and snow Winter is making its presence truly felt in Cyprus with low temperatures, rain, snow and storms across the island. The coastal region of Larnaca, a windward area, is experiencing strong 7-8 Βeaufort winds. Snow in the Troodos mountain peak reached Wednesday morning 30cm, with temperatures -7 Celsius.
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