Prices for the two benchmark crude oils fell by 2% to 4% on Thursday, as a ‘framework’ agreement with Iran was reached in Lausanne leading to a conclusive nuclear monitoring deal by June. Crude oil prices have been under pressure from the beginning of the week, with North Sea Brent dropping 3.8% to $54.95 on
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The postal services of Cyprus and Armenia jointly launched a commemorative stamp on Thursday to mark the 100th anniversary of the genocide of Armenians by the Ottoman Turks. Symbolically, the pair of stamps with identical designs, depict the Melkonian school in Nicosia that originated as an orphanage in 1926 to shelter some 500 young survivors
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The Consumer Price Index for March increased by 0.58 units or 0.51 % to 115,31 units compared to 114,73 in February, mainly due to increases in the prices of petroleum products and certain clothing and footwear items. According to data from the statistical office Cystat, decreases were recorded in the prices of electricity and certain
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The Public Debt Management Office of the Ministry of Finance announces that Thursday’s 13 week Treasury Bills auction for €200 mln was oversubscribed and the average yield was 2.68%, lower than 2.84% at the previous auction on March 3. The PDMO said a total amount of €286.6 mln were submitted, down from the previous auction
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EasyJet has celebrated the opening of its new base at Schiphol Airport, Amsterdam and announced plans to add a fourth aircraft to its fleet at the airport from October 2015 onwards. The extra aircraft means another 40 jobs will be created, bringing the total number of easyJet employees based at the airport and employed on
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Primetel, the island’s third mobile network operator that secured its license 14 months ago, plans to boost its small market share with the introduction of its high-speed fourth generation long-term evolution (4G LTE) platform launched last month. From a 2.71% market share of all mobile users last June, Primetel has expanded its business to 3.39%
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Air Serbia, the national airline of the Republic of Serbia, announced its financial results for 2014 – the airline’s first full year of operation. Reporting a net profit of EUR 2.7 million for 2014, the airline’s revenues rose by 87 per cent to EUR 262 million, marking the strongest results since the launch of the
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* Any buyers for Uniastrum? * The Bank of Cyprus released its audited results for 2014 showing that its losses for the year were revised up by 5 mln euros to EUR 261 mln, with its Russian subsidiary Uniastrum, now appearing in its books as “discontinued operations” and headed for disposal. The total loss of
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The vote on the insolvencies bill, the final part of the framework to conclude the foreclosures legislation, has now been pushed to after the Easter break as the House Finance and Interior Committees said they did not have time to properly review the bills in order to put them to a vote at the plenary
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Logicom, a leading regional value-added distributor of technology solutions and services, has signed a distribution agreement with Palo Alto Networks, the leader in enterprise security. Through this partnership, Logicom will distribute Palo Alto Networks in Greece, Cyprus and Malta, providing its specialized reseller network with the full range of products and support encompassing the Palo
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