Cypriot Defence Minister Savvas Angelides said that France is an ally of Cyprus and there is an on-going effort to upgrade military relations of the two countries. Newspapers Politis and Kathimerini reported that defence cooperation between Cyprus and France is being upgraded with a dockyard at the naval base at Mari under construction, Andreas Papandreou
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February saw property sales go through the roof, as the second month of the year recorded an increase of 25% in sales documents being submitted with the Land Registry. While sales in February increased to 834 compared to 666 in the same month in 2018, the overall increase for the first two months hit 18%
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Bank of Cyprus on Monday announced a loss after tax of EUR 104 mln for 2018, noting it to be a significant improvement compared to the EUR 551.9 mln losses made in the previous year. In 2018 the bank generated an income of EUR 781 mln and a positive operating profit of EUR 381mln. Provisions
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Bank of Cyprus has told the London Stock Exchange that its high-profile CEO John Patrick Hourican is to step down in September after working a six-month notice. The island’s best paid banker will take on a UK opportunity returning to the country’s corporate scene after a six-year absence and navigating his troubled bank to safer
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Greece’s Energean Oil and Gas plc, a producer focused on the Mediterranean, has commenced its 2019 drilling programme in Israel, which will consist of three development wells and Karish North. Following this four-well campaign, Energean said it has a further six drilling options available in its contract with Stena Drilling Ltd. Energean will batch drill
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City of Dreams Mediterranean Integrated Casino Resort has been officially announced as the European Casino Association’s (ECA) 29th member. At the General Assembly of ECA, the Association’s board accepted City of Dreams Mediterranean's membership application, after the company subscribed to ECA’s code of conduct and it was decided that it meets the association’s strict membership
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. Notwithstanding our involvement in the real estate industry over the last 38 years, we are still learning from our mistakes and omissions, as well as from the various tricks that various insurance firms and others come up with. Here are some real-life examples so that you can start considering your own situation and avoid
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Interest in voting in the European elections is growing in the north of Cyprus, as a record number of Turkish Cypriots have submitted their candidacy for the ballot on 26 May. A feeling that Turkish Cypriots should be represented in the institutions of the European Union has gained ground in recent years and this is
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The European Bank for Reconstruction and Development (EBRD), in collaboration with the Ministry of Energy, Commerce and Industry, is promoting a scheme to support small and medium-sized enterprises (SMEs) looking to increase their sales, reach new customers and improve efficiency of their operations. The programme is co-funded by the European Regional Development Fund to give
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. This was a week full of expectation when Cyprus stuck its hidden face on the world natural gas map with a huge find by ExxonMobil which suggests there are more undersea riches to be found. Amid the razzmatazz – I’m not sure that announcing the results of an exploratory drill can ever be sexy
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