. When I arrived at Larnaca International Airport on January 24, I had no idea what the next four months would have in store. Previously, I knew very little about Cyprus which is exactly what drew me to spend four months living and studying in Nicosia. On the first day, it was clear to me
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Building permits in Cyprus for the first two months of 2013 declined by 18.4%, marking a continued contraction in the construction sector. According to figures released on Thursday by Cyprus Statistical Service, building permits issued by municipal and district authorities for January – February reached 969 compared with 1,188 of the corresponding period of 2012.
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Inflation in Cyprus in April was down to 0.1% from 1.3% in March 2013. According to Eurostat, the statistical office of the European Union, Euro area annual inflation was 1.2% in April 20132, down from 1.7% in March. A year earlier, the rate was 2.6%. Monthly inflation was -0.1% in April 2013. European Union annual
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. Marcuard's Market update by GaveKal Research In a world of aggressive monetary easing, we find that Japan and the US are in the lead. The Bank of Japan is doubling its balance sheet over two years, inviting the massive stock of Japanese savings to seek a new home. And despite the buzz created by
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U.S. hedge fund Third Point has agreed to buy a stake in Energean Oil & Gas, a small Greek oil producer, for $60 mln, the latest in a series of foreign investments in the country since it narrowly avoided crashing out of the euro zone last year. In October, Swiss retailer Dufry bought out the
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Titan Group turnover for the first quarter of 2013 stood at 243 mln euros, posting an 8% increase compared to the first quarter of 2012. But the EBITDA declined by 29% to 24 mln. The group posted a net loss, after tax and minority interests, of 27 mln euros, compared to a net loss of
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* Talks focus on energy cooperation, EastMed security * The leaders of Cyprus and Israel have reiterated the close ties between the two countries that improved in the 1990s and have recently reached a new level after the discovery of oil and gas deposits in the eastern Mediterranean and the prospect for cooperation. But the
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. Things seem to have changed since the February 2012 visit by PM Netanyahu to Cyprus, when Israel sought to replace its deteriorating ties with Ankara by strengthening its relations with Nicosia, according to a Beirut-based think tank. In a comment following President Nicos Anstiades’ visit to Cyprus, the Middle East Strategic Perspectives said that
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The government plans to get 8,000 unemployed people back in work, thanks to a 30.8 mln euro programme that is primarily aimed at the tourist sector. Labour and Social Insurance Minister Zeta Emilianidou announced a package of measures aimed at combating unemployment that reached 14.2% in March, more than double what it was five years
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. By Dr. Andrestinos N. Papadopoulos, Ambassador a.h. It is quite obvious, that when the Special Representative of the UN Secretary-General, Mr. Alexander Downer met, as it was reported, the so-called Foreign Minister and Prime Minister of the illegal regime of the north, he was aiming at upgrading the so-called Turkish-Cypriot state. Moreover, according to
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