Tourism revenue has managed to grow in 2006 despite a fall in tourism arrivals. On the basis of the results of the Passenger Survey, revenue from tourism reached CYP 122.9 mln in October 2006 compared to CYP 120.5 mln in the corresponding month of the previous year, recording an increase of 2.0%. For the period
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One of the three British Airways Boeing 767s removed from service following the discovery of low traces of a radioactive substance has been given the all clear by UK government agencies, an announcement said Friday. Passengers from London Heathrow to Larnaca on November 11, 12, 13 and 26 are unaffected by the scare as one
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Thousands of Cypriots who having borrowed in Swiss francs (CHF) for housing or other purposes and who were enjoying the double advantage of low interest rates and a depreciating currency, risk an upset in the exchange rate between the Cyprus pound and the CHF following expectations that the Fed will reduce interest rates in the
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Main market stocks also increase profits by 47% Â Cyprus’ three major CSE-listed banks boosted their combined 9-month profits in 2006 by 154% YoY, giving ample justification and support to the spectacular rally in bank share prices since the beginning of the year. The three largest CSE banks lifted 9M06 profits to CYP 213 mln
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 Edited by Michael Kyrou, CFA Vice President CFA Society of Cyprus  One of the most important issues to consider when hiring an investment advisor is the relationship you hope to establish. A strong affiliation based on communication and trust is critical to the long-term success of your investment relationship. While it is your money
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 By Dr. Jim Leontiades Cyprus International Institute of Management  The currency of the Eurozone keeps getting stronger while the economic performance of the Eurozone continues to show weakness. This comes as a surprise, since it was only a few weeks ago that the good news was announced. Eurozone economic performance had exceeded that
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 No sooner were the Finnish efforts to reach agreement over the thorny issue of Cypriot access to Turkish ports declared dead and buried on Monday, than diplomatic efforts were deployed to see if anything could be saved from the process. EU foreign ministers will decide next month if they can continue the process with
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Ericsson and General Electric have joined The Business Leaders Initiative on Human Rights (BLIHR), a business-led project designed to help lead and develop the corporate response to human rights. BLIHR aims to find practical applications for the aspirations of the Universal Declaration of Human Rights within a business context, and to inspire other businesses to
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Once again, Trust has introduced four new 2.1 speaker sets. The two top models in this range — the 2.1 Speaker Set SP-3800D and SP-3900 — are advanced design speaker sets of a sublime quality. The other two speaker sets are suitable for those who are looking for good sound quality at a reasonable price.
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Nokia and Yahoo! have extended their partnership to offer Yahoo! branded services including Yahoo! Mail and Messenger on Nokia’s wide range of the Series 40 range of mobile phones. Yahoo! services will initially be available on the newly announced 6300, the 5300 XpressMusic and the 5200. Moving forward these services and the ability to synchronise Yahoo!
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