The dollar eased from multi-month peaks scaled earlier on Monday as rising oil prices and robust European Central Bank inflation comments prompted investors to take profits on the U.S. currency's recent clamber higher. But analysts said the euro's snap back above the $1.50 mark from near-six month lows could prove to be short-lived, as markets
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The Ministry of Defence of Cyprus is studying various options with a view to reduce the length of military service, which is compulsory for all male Greek Cypriots, citizens of the Republic of Cyprus, with some exceptions. “The project for the restructuring of the National Guard and the modernisation of the Republic’s armed forces, including
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Cyprus' trade deficit was 2.4 bln euros in January-May 2008 compared to 1.9 bln euros in January-May 2007, according to figures released by the Statistical Service (CyStat). In its monthly report ''Intra-Extra EU Trade Statistics (Summarised Data)'' for May 2008, the Statistical Service notes that total imports/arrivals (covering total imports from third countries and arrivals from
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China expects Cyprus to act as a bridge between Beijing and Brussels, Cyprus President Demetris Christofias said on Monday, speaking after a meeting in Beijing with his Chinese counterpart Hu Jintao, an official statement said here today. Hu expressed China’s long standing support for Cyprus’ efforts to defend its independence, sovereignty and territorial integrity, the
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Europe's cultural diversity in books, music, paintings, photographs, and films open to all citizens at the click of a mouse via one portal – this dream of a European Digital Library could become reality this autumn. However, further efforts by the EU Member States are needed, said the Commission today in a new Communication on
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Costas Papacostas, Cypriot Minister of Defence, has had a meeting with the Republic’s newly appointed Military Attaches in Paris and Moscow. According to an official press release, issued here today by the Ministry of Defence, Artillery Lieutenant – Colonel Harris Georgiou and Wing-Commander Filokypros Yiannaki, will officially assume office at the embassies of the Republic
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Minister of Foreign Affairs Markos Kyprianou will participate in the extraordinary EU General Affairs and External Relations Council, which will discuss the situation in South Ossetia. According to a press release by the Cypriot Foreign Ministry, the EU – 27 Foreign Ministers will meet Wednesday in Brussels at the invitation of the French EU Presidency
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Russian warplanes bombed a military base and radar installation near Tbilisi early Monday, Georgia's Interior Ministry said. "There were two bombings. One at the Kojori military base and another on Mt. Makhata. As far as I know there are no casualties," Georgian Interior Ministry spokesman Shota Utiashvili told Reuters. The explosions, heard in Tbilisi's city
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Costas Papacostas, Cypriot Minister of Defence, has had a meeting with the Republic’s newly appointed Military Attaches in Paris and Moscow. According to an official press release, issued here today by the Ministry of Defence, Artillery Lieutenant – Colonel Harris Georgiou and Wing-Commander Filokypros Yiannaki, will officially assume office at the embassies of the Republic
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Shares in Dutch TNT NV rose more than 6% on Monday after a source said Europe's No.2 mail and logistics company was in talks with U.S. rival United Parcel Service. The source, who declined to be identified, told Reuters that the discussions were in the early stages but could provide no further detail. TNT declined
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