Cyprus announced it will roll over local government bonds of €1 billion euro, as part of the political agreement reached in the March 25 Eurozone Finance Ministers (Eurogroup) meeting over a €10 billion bailout. "On June 27, 2013 the Republic of Cyprus will offer to exchange a number of existing local government bonds with a
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A total of 70.000 tourists more than the winter of 2012 are expected to visit Cyprus this coming winter, Tourism Minister George Lakkotrypis has said. Speaking Thursday during a press conference, in the presence of Cyprus Tourism Organization Chairman, the Minister noted that five foreign airlines have included Cyprus in their routes for winter 2013.
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Cyprus will be able to absorb 120 million euro from the 2014-2020 EU agricultural development programme, Agriculture, Natural Resources and Environment Minister Giorgos Kouyialis said, adding that during the first three years of the Memorandum of Understanding with the Troika, Cyprus will be able with hard work to absorb all the funds allocated to the
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Pakistani taxi driver Muhammad Zafeer says he has to look over his shoulder when he goes to pray in Athens, where racist attackers have targeted several of the many makeshift mosques set up in cramped garages or dingy warehouses. So Greece's plan to build a state-funded mosque in the capital, more than a century in
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The car plant where 46-year-old Agathe Martin works is shutting down, but when PSA Peugeot offered her a job in another factory elsewhere in the Paris region she said "Non". After 17 years working in the same plant, taking the job would have meant either a much longer commute or losing her cheap social housing
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The European Stability Mechanism announced today it disbursed €1 billion as part of the first tranche to Cyprus totaling €3 billion in the context of a €10 billion bailout, agreed between Cyprus and its international lenders (ECB, EC and the IMF) last March. The first part of the €3 billion tranche, amounting to €2 billion,
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Cyprus secured its first gold medal in the 2013 Mediterranean Games held in Turkey with Eleni Artimata in the women`s 200m. In the women`s 200m final, Artimata finished first clocking a time of 23.18. She was followed by Italy` Libania Grenot and Turkey`s Nimet Karakus. Cyprus` second athlete competing in the women`s 200 m final,
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Thirty eight projects of the second standard call for proposals have been adopted by the ENPI Med (cross-border cooperation in the Mediterranean Programme) Joint Monitoring Committee during its eight meeting which took place in Larnaca, Cyprus, on 17th June. Launched in December 2011, the last call under the 2007-2013 Programme witnessed high competition, as highlighted
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Residential property prices (houses and apartments) continued the downward path in the first quarter of 2013, recording a decline for 13 consecutive quarters. According to figures compiled by the Central Bank of Cyprus, house prices index registered in Q1 2013 a decline of 1.6% compared to Q4 2012, whereas on an annual basis, ie compared
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The Economic Sentiment Indicator (ESI) in Cyprus registered an improvement for the second consecutive month in June, after a record low in April, due to the developments in the financial sector, the University of Cyprus` Economic Research Centre (ERC) said. The Economic Sentiment Indicator rose in June by 1.9 units compared with May, which is
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