Cypriot President Tassos Papadopoulos has described as important the fact that newly elected French President Nicolas Sarkozy has categorically stated his dedication to Europe, adding that there is no reason for concern. To a remark that concerns have been expressed regarding Sarkozy’s election, President Papadopoulos said, ”Mr. Sarkozy has his views, the EU has the
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The National Bank of Greece (Cyprus), dogged by the strike declared by the militant bank employees’ union ETYK last week, has declared a “lock-out†at all 20 branches to counter the strike measures over a labour dispute. This follows last week’s decision whereby the Cyprus wholly-owned subsidiary of the National Bank of Greece (Ethniki) walked
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Muskita Aluminium Industries Plc (MAI) announced that its Board will convene on 21 May to examine the 1Q 2007 results of the Group. In the same announcement the company indicated that its 1Q 2007 results will be materially improved compared to the profit after tax of EUR2.5 mln reported in 1Q 2006, due to higher
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The church of Cyprus and the church of Greece stressed here today their determination to maintain “the strong bonds and the brotherly relationship between them with a view to further their cooperation in all fields, religious, social, pastoral and national.†A statement, issued by the church of Cyprus at the conclusion of a week-long official
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Cyprus President Tassos Papadopoulos said here today that any unrest in Turkey certainly causes concern in Nicosia and expressed hope that Ankara will change its policy. The President was responding to questions, after attending a lunch hosted by Archbishop of Cyprus Chrysostomos II in honour of his guest Archbishop of Greece Christodoulos, who concluded today
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Cypriot Minister of Foreign Affairs George Lillikas departed on Monday for Saudi Arabia, to participate in the 17th Joint Council and the Ministerial Meeting between the European Union and the Gulf Cooperation Council, to take place in Riyadh on May 8. The Joint Council will discuss the further strengthening of cooperation between the EU and
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Jazeera Airways and the Cyprus Tourism Organisation (CTO) signed an agreement to promote Cyprus as a tourist destination in Kuwait and the Gulf countries. The agreement, which was signed during a press conference in Nicosia by Chairman and Senior Executive Director of Jazeera Airways Marwan Boodai and CTO Chairman Panos Englezos, is the first between
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…new web site on insurance matters  A new web site on insurance matters, asfalizomenos.com made its debut on May 3 aiming to provide timely and correct information to the public on all aspects of the insurance industry and become a useful tool for insurance companies to promote their products and services. The site has
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The European Union economy is expected to grow by 2.9% in 2007 and 2.7% in 2008 (2.6% and 2.5%, respectively, in the euro area) on the back of solid investment and stronger private consumption, according to the Commission’s spring economic forecasts. Such growth levels imply an upward revision of ½ percentage point in 2007 for
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The European Commission today proposed changes to the sugar restructuring scheme aimed at making it more effective and thus reducing European Union sugar production to sustainable levels. The restructuring scheme was a key element of the 2006 reform of the Common Market Organisation for sugar, offering producers who would be uncompetitive at the new lower
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