Limassol District Court postponed the hearing on Monday to consider the serving of an indictment on Russian lawyer Evgeniy Mariashin (a shareholder and legal adviser to fertiliser giant PhosAgro and billionaire shareholder Andrei Guryev, left) after he didn’t show up. His Cypriot lawyers requested a further week, to October 19, for him to make an
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President Nicos Anastasiades, accompanied by First Lady Andri Anastasiades, departs on Tuesday for Beijing where he will meet with the President of the People’s Republic of China, Xi Jinping, and will participate in the Asian Political Parties Conference “New View of the Silk Road: Action for Common Development.” Anastasiades will also deliver a speech at
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A monthly payout of 4.5 mln euros is distributed to some 23,500 beneficiaries in the form of the Guaranteed Minimum Income aid, which the government says is well within its budgetary capabilities. The Ministry of Labour and Social Insurance that introduced the scheme last year to help low-income families and ‘vulnerable’ groups, said that 12,670
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The trade deficit narrowed to EUR 2.15 bln in the first eight months of the year, compared to 2.27 bln in the same period in 2014, according to the Statistical Service Cystat. Total imports in August reached EUR 405.8 mln, of which 286.6 mln was from EU member states and 119.2 mln from third countries.
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Despite the prospects of a delayed oil price recovery, Kuwait’s very high levels of economic and fiscal strength will continue to support the country’s credit profile and its Aa2 rating with a stable outlook in 2015 and 2016, according to Moody’s Investors Service. The rating agency expects that oil prices will start a gradual recovery
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By Jameel Ahmad, Chief Market Analyst, FXTM Equity markets continued their recent run of form with positive momentum remaining as the theme for the financial markets concluding trading for the week. Although there are still elevated risks when it comes to the world economy, increased expectations that central banks will support global growth by easing
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Alexis Tsielepis, Managing Director of Limassol-based Chelco VAT Ltd., has earned the coveted Expert in European Value Added Tax (VAT) diploma after achieving the highest grade ever awarded in the history of the degree. After a year and half of classes in Belgium and Barcelona, a verbal and written examination and a 105-page thesis, Tsielepis
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Stefanos Athanasiou, owner of the Madame Bar in Limassol, is in Mexico this month to take part in the finals of the Dons of Tequila cocktail competition. Stefanos was one of 17 chosen in national competitions by the local distributors of Jose Cuervo tequila who won a trip to the 250-year old distillery in La
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By Lukman Otunuga, Research Analyst, FXTM The lingering effect of Thursday’s dovish FOMC meeting minutes continued to punish the value of the USD in Friday’s European session. A general lack of clarity on when the US central bank will raise rates has translated to investor anxiety which has resulted in the USD being exposed to
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. In the light of the growing official ties between Iran and Cyprus, a number of non-political emissaries from Tehran are regularly meeting senior government officials on matters of mutual trade interest. Cyprus is keen to establish some kind of favoured status relationship in the oil and gas area and, no doubt, get something out
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