The practical difficulties the banking sector is facing regarding the implementation of a loan agreement Cyprus has signed with its international lenders will be the main issue of discussion at today’s meeting, in Frankfurt, between the President of the Republic of Cyprus Nicos Anastasiades and the President of the European Central Bank (ECB) Mario Draghi.
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The dollar hit a one-month high against a basket of currencies on Wednesday while Asian shares slid, hit by worries that the days of easy money from the U.S. Federal Reserve are numbered. Asian shares extended their losses after an official survey showed that growth in China's services sector sagged to its weakest pace in
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The quality of the Cyprus tourism industry is a one way street, Cyprus President Nicos Anastasiades has said. President Anastasiades was addressing the graduation ceremony of the Higher Hotel Institute of Cyprus (HHIC), delivered by his Office’s Director Panayiotis Antoniou. He further pledged to the young graduates that he will fight at EU level in
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Angela Merkel's summit on youth unemployment in Europe is an attempt to paper over the economic consequences of the austerity policies she championed in the region, a leading member of Germany's opposition Social Democrats (SPD) said on Tuesday. Andrea Nahles, General Secretary of the SPD and manager of the centre-left party's campaign to unseat Merkel
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Cyprus Ship Owners Union has briefed Foreign and Commonwealth officials of the negative effects Turkey’s embargo has on Cyprus shipping. According to a press release issued Tuesday on the part of the Union, its President George Mouskas had a working lunch with Foreign and Commonwealth Office officials Hinesh Rajani and Lydia Strachman, briefing them over
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Countries around the world cut back on their holdings of euros as a percentage of foreign exchange reserves last year as the sovereign debt crisis kept investors wary, the European Central Bank said on Tuesday. International Monetary Fund data shows the decrease continued in the first quarter of this year, although the euro remains the
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The Investigation Committee on the economy announced on Tuesday it will probe the situation in the banking sector, despite an interim decision to suspend investigation into issues subject to legal proceedings. The Committee came under heavy criticism after announcing it cannot probe issues that will be subject to court procedures, such as the Cyprus Popular
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Canon announces EOS 70D mid-range SLR with 'Dual Pixel CMOS AF' Canon today unveils an outstanding new addition to its world-famous EOS series – the EOS 70D. Designed for aspiring enthusiast photographers, the EOS 70D is the ideal camera for anyone looking to take their photography to the next level. It combines completely new,
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The exchange of €1 billion worth of government bond has been successfully completed, the Public Debt Management Office of the Ministry of Finance has announced. Specifically, an exchange, via the method of private placement, has been completed of six year bonds of the order of €692,629,000.00, maturing on July 1 2019 of an annual yield
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The Ministry of Foreign Affairs has issued travel advice for Turkey, calling on Cypriot citizens residing or visiting Turkey to avoid public places where gatherings occur in light of the tense situation prevailing in the country as a result of public demonstrations. Cypriot citizens, the official press release says, “are encouraged to keep abreast of
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