Dr Artemis Hadjipanayis, a Cypriot physician who left the island in 1951 to study in Greece and later emigrated to the U.S. in 1958, has returned with a donation of EUR 3 mln to the University of Cyprus, that will be used for the new medical and biological sciences classrooms that will carry the donor’s
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Bank of Cyprus announced that retained mortgage covered bonds have become eligible assets for Eurosystem credit operations, following a rating upgrade to Baa3 from B1 by Moody’s Investors Service. The rating of the covered bonds is placed at the same level as the Baa3 local currency country risk ceiling for Cyprus. Moody’s raised the rating
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By Jameel Ahmad, Chief Market Analyst, FXTM Traders were once again encouraged that the 1.51 level for the GBPUSD was a probable “bottom” this week after the pair rallied strongly away from this level, and towards a two-week high at 1.5320. The GBPUSD continues to trade with high volatility, but the technical traders are probably
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FedEx Corp. (http://www.fedex.com ) has committed $1 mln in cash and transportation support to deliver emergency supplies and critical medical aid to the thousands of migrants and refugees escaping conflicts, and provide on-going assistance to both the people and the local communities affected by the crisis. “Humanitarian relief has been in our DNA for decades,
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Troubled Russian carrier Transaero will continue to fly to and from Cyprus until October 15 after which state-controlled Aeroflot has pledged it will take over Transaero flights scheduled until December 15, according to the Russian ambassador in Cyprus. He reassured Energy and Tourism Minister Giorgos Lakkotrypis that the flights would continue and Cyprus would not
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Bernhard Schulte Shipmanagement, one of the leading service providers to the Cyprus shipping industry, celebrated over 40 years’ presence with a special stand and hospitality event during the “Maritime Cyprus” conference in Limassol that attracted distinguished speakers and over 700 shipping delegates to discuss and debate this year’s theme, “Game Change”. Visitors to the BSM
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"Blue Career 2015", a two-day event which aims to raise awareness amongst the younger generation for jobs in the marine and maritime industry, including oil and gas, will be held on Thursday at newly established Maritime Academy (Intercollege building), in Larnaca and on Friday at the Cyprus University of Technology in Limassol. This the
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. Since 1951, the Forestry College has been quietly churning out forestry officers, with agricultural, legal and research know-how, caring for the wellbeing of every plant and tree on the island. It has also been the backbone of the Forestry Dept. that relied on the annual output of graduates to man its operations that range
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Economic growth in the Eurozone is expected to accelerate gently in the last quarter of 2015, rising to 0.5%, after reaching levels of 0.4% in the second and third quarters of the year respectively, according to forecasts by the three economic research institutes Ifo (Munich), Insee (Paris) and Istat (Rome). They predict growth of 1.6%
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By Lukman Otunuga, Research Analyst, FXTM The currency markets continue to look jittery, with pairs currently alternating between gains and losses. Dollar sensitivity continues to take centre stage as market participants systematically reduce their bets on a US rate hike in 2015. Sentiment towards the USD remains bearish and a declining ISM Non-Manufacturing PMI release
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