The EU is moving closer to achieving its Kyoto Protocol targets for reducing emissions of greenhouse gases but additional initiatives need to be adopted and implemented swiftly to ensure success. This is the conclusion of the Commission’s annual report on progress towards meeting the Kyoto objectives. The latest projections from Member States indicate that measures
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In the last few months Cyprus has achieved considerable progress on the practical changeover preparations and seems generally well prepared for the introduction of the euro. With a view to enabling businesses, in particular retailers, to give change exclusively in euro as from €-day, the Central Bank and banks should continue their efforts to convince
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Cyprus President Tassos Papadopoulos has expressed deep gratitude to the Hellenic Parliament for its support to Cyprus’ accession to the European Union, during a meeting he had here Tuesday with the President of the Parliament Demetris Sioufas. Papadopoulos said that “the decision of the Hellenic Parliament that all ten candidate states, including Cyprus, should accede
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Cyprus House President Demetris Christofias and Vice-Minister of the Ministry of Culture of the People’s Republic of China Meng Xiaosi expressed Tuesday their common desire for further strengthening bilateral cooperation in all fields. Christofias met the Chinese official, who is paying an official visit to Cyprus, heading a five-member delegation. According to a House press
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The Middle East Council of Churches’ (MECC) 9th General Assembly began its deliberations here Tuesday with the participation of more than one hundred delegates from all Christian denominations in the Middle East. According to the primate of the Greek Orthodox Church of Cyprus, Archbishop Chrysostomos II, the MECC discusses issues such as conflicts in the
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The European Commission has signed a EUR889.000 contract with the German company Plejades to carry out a “Feasibility study for the rehabilitation of the former Cyprus Mining Corporation (CMC) mining area”. The project will last 18 months. Plejades will, carry out a detailed soil sampling and analysis plan, assess the level of soil and ground
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Cyprus equity prices were broadly unchanged at 4771.97 points on Tuesday on EUR 29 mln total volume, of which EUR 19 mln referred to a negotiated deal on the title of Universal Bank (USB), which saw the Aspis Group regain control of the Bank. USB closed 5.5% higher at EUR 4.96 on EUR 19.3 volume
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The credit outlook for Norway‘s rated banks and savings banks remains stable, reflecting solid domestic franchise and good and improving financial fundamentals, said Moody’s Investors Service in its new Banking System Outlook for Norway. Key challenges include the fiercely competitive operating environment, as both banks and savings banks vie for retail lending and wealth management
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Ericsson has been selected Algérie Télécom as sole supplier and systems integrator for its network upgrade setting the stage for Algérie Télécom to migrate to an all-IP network. Under the agreement, Ericsson will supply its Telephony Softswitch solution to migrate the operator’s national transit layer to a next-generation network architecture. Ericsson will also be responsible
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Epson has announced the Middle East launch of its latest large format, eight-colour professional production printer – Stylus Pro 9880 that features UltraChrome K3 ink with Vivid Magenta technology, the latest development in pigment chemistry, which offers a wide colour gamut and unrivalled image quality from an 8-colour ink-set. Epson’s new large format printer provides
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