The Cyprus Ports Authority, the state owner and operator of the island’s main commercial harbours, is re-inviting tenders for the Limassol Old Port facilities, that had only received one bidder last August for the ten-year deal worth €26 mln. A Cypriot expatriate with business interests in the U.S. was the sole bidder, clinching the ten-year
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Takis Hadjidemetriou and Ali Tuncay are among the 47 winners of the European Citizen's Prize 2015 of the European Parliament. Since 2008, the prize has been awarded to citizens or organisations having contributed to promoting better mutual understanding and closer integration between citizens or to facilitating cross-border or transnational cooperation within the EU. The winners
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Emirates, a global connector of people and places, has commenced a daily nonstop service to the island of Bali in Indonesia. Flight EK 398 from Dubai arrived at I Gusti Ngurah Rai International Airport on June 3, 2015 at 21.40 Bali time. On board the inaugural flight were media from the GCC, and a senior
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Dro.Me.A. Racing runners’ club organises the 6th annual ‘Garmin Troodos 15-km Green Race’, on June 14, 2015, with a start and finish at the Troodos central square. The island’s highest-altitude running event, it meanders through the Troodos nature trails and offers breathtaking views! The event aspires to raise awareness for the protection of Cyprus’ forests
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The Council of Ministers has appointed the state-owned Cyprus Land Development Corporation (CLDC) to undertake the management of mortgages for low-income families with debts of up to 250,000 euros and small companies with turnover of the same amount and has declared that primary homes or primary assets are safe from foreclosure. The CLDC will subsidise
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The value of bounced cheques has declined significantly year-on-year to €798,907 in the first five moths of the year, down from €1,247,949 in the corresponding period last year, the Central Bank of Cyprus said. In May alone, the amount of bounced cheques reached €89,037, the lowest monthly level in 12 years when the central bank
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By Jameel Ahmad, Chief Market Analyst, FXTM The euro encountered aggressive swings across the currency markets as investors reacted positively both to optimism that a Greece deal is finally about to be reached, and the substantially improved inflation figures coming out of the Eurozone. The euro jumped to a two-week high against the USD at
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* Energy giant wants 20% more in Aphrodite gasfield * Israel’s Delek Group is offering Houston-based Noble Energy $155 mln to acquire an additional 19.9% stake in the Block 12 license, boosting its holding from the current 30% to 49.9%, according to news reports. Delek said in a statement on the Tel Aviv Stock Exchange
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Alpen Invest, nominated recently for the award of “Best Fund in South East Europe” by Capital Finance International, will be presenting its strategies and prospects for future investments in Cyprus on Wednesday and Thursday. Addressing the financial services community – including wealth management firms, as well as legal and audit firms – the two events
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Microsoft Corp. announced the new Nokia 105 and Nokia 105 Dual SIM aimed at first-time mobile phone buyers, as well as people looking for a reliable backup device for their smartphone. Retailing at $20 before taxes, the new 105 will enable more people to have a voice and experience the potentially life-changing benefits that a
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