Eurogroup Finance Ministers decided unanimously in Luxembourg on Monday to suggest to ECOFIN the accession of Cyprus and Malta to the Eurozone as of January 1, 2008. Chairman of Eurogroup and Luxembourg’s Prime Minister Jean-Claude Juncker, told reporters after the meeting which preceded the ECOFIN session that ministers decided to propose Cyprus and Malta’s accession
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The Cyprus Tourism Organisation (CTO) is seeking House approval for a budget of CYP 870.000 or EUR 1.5 mln to finance an advertising campaign on CNN and Eurosport to promote Cyprus as a tourism destination. The CTO is also seeking a second budget allocation amounting to CYP 930.000 or EUR 1.6 mln for a similar
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FRANKFURT (Standard & Poor’s) –The recovering economies of Germany and France are supporting improvements in the sovereigns’ credit quality, but challenges remain, says a report published today by Standard & Poor’s Ratings Services “Germany And France: Turning The Corner?” Growth is recovering by an expected 2.5% per year in the Federal Republic of Germany (AAA/Stable/A-1+)
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The focus of World Environment Day this year is on the impact of climate change on the polar regions, their ecosystems and communities, and the consequences that will have for the world, according to a statement by Dr. Margaret Chan, Director-General World Health Organisation on the occasion of the world environment day. Â There is a
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UN Secretary General Ban Ki-moon has said that differences remain between the two sides in Cyprus concerning the interpretation of the 8 July Agreement, most notably on what constitutes a day-to-day matter, and the mechanism for resolving disagreements. Despite the fact that the UN Secretary General report on the United Nations Operation in Cyprus has
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LONDON, June 5 2007—The banking system in the Kingdom of Saudi Arabia is the largest in the Gulf and among the most profitable worldwide, although foreign competition is rising, Standard & Poor’s Ratings Services noted in a new report, “Bank Industry Risk Analysis: A Bright Future For Saudi Banks, Despite Stock Market Collapse”. Asset quality
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The Board of Directors of Laser Investments Public Ltd decided to hold an Extraordinary General Meeting on June 26, 2007 at 6.00 pm at the office of the Investment Manager, Sharelink Securities & Financial Services Ltd, 6 Theotoki, Ellinas House, Nicosia to approve the resolution concerning the acquisition of Big Scorer Enterprises. Taking into account
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Cyprus Central Bank Governor Athanasios Orphanides met with a delegation of international rating agency Moody’s with whom he reviewed the latest developments affecting the Cypriot economy, most notably the recent Convergence Reports issued by the European Commission and the European Central Bank.According to a Central Bank press release, the meeting covered issues of monetary policy
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Latvian President Vaira Vike – Freiberga, in Cyprus on an official visit, delivered a speech today on “Education in Europe, Education for Europe†at the new campus of the University of Cyprus. The Latvian President praised the University, saying that ”it is a good and new university created in the new European situation where many
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Government Spokesman Vassilis Palmas said on Tuesday that UN Secretary General Ban Ki-Moon’s report on the renewal of the mandate of the UN Peacekeeping Force in Cyprus (UNFICYP) contains positive and negative elements. Among the positive elements, Palmas noted the clear message for the implementation of the July 8 agreement and the necessity for the
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