The Cabinet gave the green light to the 23 municipalities to borrow CYP 150 mln in new funds, mostly to repay old loans at higher prices and restructure their loans. According to the government decision, all the loans will be fully guaranteed by the state. Government Spokesman Kypros Chrysostomides said that the loan restructuring will
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The Cyprus government will not accept any maneuverings that aim to promote British policies that have no relation with the wider European policy, said here Tuesday Government Spokesman Kypros Chrysostomides. He was referring to tomorrow’s COREPER meeting in Brussels, which will discuss the EU counter-statement to Turkey’s declaration that it does not recognise the Republic
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Head of the Greek Investigating Commission on Air Accidents, Akrivos Tsolakis, said today that the commission is leaving Cyprus today with enough information regarding the cause of the crash of an Helios Airways Boeing 737 last month that killed all 121 people on board, most of them Cypriots. Speaking after meeting Communications and Works Minister
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Cyprus President Tassos Papadopoulos has departed for the United States to represent Cyprus at the 60th UN General Assembly in New York (September 14-19). He is due to address the Assembly on Sunday the 18th. On leaving the airport, Papadopoulos said he has not discussed with the UN Secretary General Kofi Annan the appointment of
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A. Tsokkos Hotels Pcl released its first half results posting a 3.1% decrease in revenues to CYP 6.19 mln. Net profit fell to CYP 623.000 in the first half from CYP 659.000 a year ago in the same period. EPS was at 0.25 cent compared to 0.27 cent before. Total Revenues fell primarily due to
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Lycourgos Kyprianou and his wife Ermione have won court permission to draw on a monthly allowance to cover their daily expenses after their assets were frozen. The court granted the Kyprianou family about CYP 15.000, some CYP 5.000 short of the amount the couple had requested, with Lycourgos to cash CYP 12.600 a month from
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Laiki Securities moved into the top position in terms of market share during August with a 23.73% market share, outpacing CLR Securities who moved into second place for the first time in a year and more. CLR had 18.3% market share in August, followed in third place by Egnatia with a 12% share and then
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