Cyprus will slowly but steadily emerge stronger from the recent downturn, the Governor of the Central Bank of Cyprus Chrystalla Georghadji told delegates at the Investors’ Summit last week, adding that a series of reforms have taken place following the unprecedented and challenging events the banking system and the wider economy faced during 2013. She
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The after-work Milano da Bere parties organised by the Haze Team Cyprus are back this week with the theme being the Carnevale Di Venezia. The event will be held at the Patio Cocktail Bar in Nicosia, starting from 6.30pm on Thursday, February 19, with the buffet closing at 8.30pm followed by all-night partying driven by
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The Central Bank of Cyprus said on Monday that its governing council decided to lower the ceiling on its base interest rate by one percentage point, urging the island’s commercial banks to follow suit by cutting lending rates and help spur money supply and economic activity. The Central Bank said in an announcement that “following
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The Mohamed Bin Zayed International Robotics Challenge was launched at the Khalifa University in Abu Dhabi on Sunday, a race for the best that will be held every two years and carries a $5 mln award. "This event will undoubtedly attract some of the best robotics minds in the world, and bring international attention to
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The Cypriot Minister of Energy and the Egyptian Minister of Petroleum have a signed a memorandum of understanding (MoU) in Cairo for both the upstream and downstream exploitation of output from the ‘Aphrodite’ offshore gasfield and possible liquefaction for export using existing plants in Egypt. Following on their meeting in Nicosia on November 25, the
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The Robotics Academy of Frederick University and the Paedagogical Institute of Cyprus recently hosted a workshop in Limassol for primary and secondary school teachers as part of the training programmes in state schools to raise awareness about innovation and information and communication technologies (ICT). The workshop was led by Frederick U. professors Dr Yiorgos Demetriou
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Qatar Airways recently celebrated the inauguration of its new city office in Nicosia – centrally located, attended by top regional travel agents and local media. The ribbon was cut by Qatar Airways Senior Vice President North, South and Western Europe, Mr. Jonathan Harding and Qatar's Ambassador in Cyprus His Excellency Hussain Ahmad Al-Homaid. Mr. Harding
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The Co-operative Central Bank (CCB) announced on Friday it will cut interest rates on well-performing housing loans by 1 point from 5.2% to 4.2% as of March 1, affecting about 34,000 households retrospectively. This follows the proposal made by Central Bank Governor Chrystalla Georghadji to all commercial banks on Thursday to reduce lending rates and
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The Finance Minister issued a new decree on Friday relaxing restrictive measures on banking transactions. The 34th decree issued ever since Cyprus imposed capital controls as part of the €10 bln bailout plan in March 2013, raises the limit for transfers of deposits and funds outside Cyprus increases from €20,000 to €50,000 per month, per
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Cyprus and Russia initialled the protocol of the 8th meeting of their Intergovernmental Committee for Economic Cooperation on Friday, which will be signed during President Nicos Anastasiades’ visit to Moscow on February 25. The protocol was initialled in Nicosia by Finance Minister Haris Georgiades and Russian Deputy Minister for Economic Development Nicolay R. Podguzov, after
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