The Council of Ministers decided on Thursday to grant one license for an integrated casino resort, Government Spokesman Christos Stylianides announced, adding that the licensing procedure will start immediately on a "fast-track" basis. "The Council of Ministers decided today to grant one license for the creation of an integrated casino resort in Cyprus," he said
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The United States continues to support efforts under the auspices of the UN to reunify Cyprus as a bizonal, bicommunal federation, US President Barack Obama has said, adding that "the island`s division has gone on for far too long." Receiving the credentials of Cyprus` new Ambassador to the US Georgios Chacalli, on Thursday, Obama said
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Hellenic Bank, the second largest lender in Cyprus with a healthy loans to deposits ratio, will raise 168 mln euros from a new share issue, to satisfy the extreme case scenario for recapitalisation under a national banking system restructure to cover losses from a vast exposure to toxic Greek government bonds. The bank’s board approved
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The outlook for Denmark's banking system remains negative, as it has been since November 2008, Moody's Investors Service said in a new report, adding that low profitability and reduced earnings quality will restrict the system's ability to absorb any further weakening of asset quality or other earnings shocks, and constrain the banks' ability to build
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**Arrivals mark 8th month of decline in June ** For those declaring that tourism will save Cyprus, it is time to think again. Arrivals of tourists marked their eighth consecutive month of decline in June, falling by 6.8% compared with June 2012 to 308,219. Among the largest markets the biggest fall came from Greece (down
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BBC’s TopGear Magazine has teamed up with Honda to tap the extreme lawn-care equipment market with the MeanMower. Loosely based on the Honda HF2620 ride-on, the MeanMower was stripped and re-built by Honda's British Touring Car experts at Team Dynamics, adding a spaceframe chassis, a 1000cc Honda VTR Firestorm motorbike engine, bespoke suspension and tyres
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The Eurovision Song Contest’s younger sibling will enter its second decade of showcasing the best young singers and songwriters from Europe, in Kiev, in November. “We have a steering group that is revamping the contest to take it into the next stage of its life,” said Eurovision Executive Supervisor, Vladislav Yakovlev. “Some new format elements
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World shares were steady near all-time highs and the dollar and benchmark U.S. Treasuries and Bunds firmed on Thursday, as the head of the Federal Reserve left markets assessing how to handle the inevitable phasing out of its support. The yen was under pressure in the currency markets as focus switched to Japanese weekend elections
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Russian protest leader Alexei Navalny was sentenced to five years in jail for theft on Thursday, an unexpectedly tough punishment which his supporters said proved President Vladimir Putin was a dictator ruling by repression. Navalny, an anti-corruption campaigner who emerged as the opposition's de facto leader in the biggest protests against Putin since he took
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Mothercare is hoping the imminent birth of Britain's heir to the throne will provide a fillip to the mother and baby products business after it reported a drop in sales in its home market in the latest quarter. Many retailers are finding the going tough as consumers, whose spending generates about two-thirds of British GDP,
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