Cyprus saw in August the second largest decrease in the payments of unemployment benefits, according to figures released by the Social Security Services. Around €4,7 mn were paid in unemployment benefits in the eighth month of the year, recoding a decrease of 47.3%, from €9,0 in the same month of 2013. Based on available data,
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By Jameel Ahmad, Chief Market Analyst at FXTM It appears that Mondays are becoming one of the busier days of the week in the financial markets at present, so much for the old saying regarding a quiet Monday at the office. Over the past few Mondays we have had to deal with unexpected political unrest
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The next tranche to Cyprus will be disbursed once the Troika institutions confirm that the required prior actions have been successfully completed Eurogroup President Jeroen Dijsselbloem said on Monday, adding that putting in place an effective legal framework for private debt restructuring remains an important pending issue that prevents the conclusion of the fifth review
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Cyprus and Greece signed a bilateral agreement allowing for joint search and rescue between the two countries. The agreement between Cyprus and Greece fuses the two countries’ respective search and rescue regions (SRRs) into a continuous area stretching from Athens to the eastern Mediterranean. It was signed in Athens by Foreign Minister Ioannis Kasoulides and his
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ENI`s drilling in Cyprus exclusive economic zone will carry on according to schedule, Energy Minister Yiorgos Lakkotrypis has said. Speaking to the press Monday and invited to comment on reports that Turkey has made an intervention to the Italian government regarding the drilling in the island`s EEZ, the Minister said that the government is in
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The KIOS Research Center of the University of Cyprus is participating in an important EU research and innovation project to develop technology that can help medical services to be better prepared and able to respond to emergency situations appropriately and efficiently. According to a press release by the University of Cyprus, the EU research project
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By Jameel Ahmad, Chief Market Analyst at FXTM The week following the US employment report is supposed to be one of the quieter ones for the currency markets. However that was not the case last week with a variety of different stories catching attention. This included a global economic downgrade from the International Monetary Fund
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The European Central Bank has announced that it will publish the results of 130 European banks’ asset quality review on October 26. These include Bank of Cyprus, Hellenic Bank, RCB Bank and the Cooperative sector, all of which have raised fresh capital and improved their liquidity ratios. The European Banking Authority will issue the results
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The National Assembly of Armenia has awarded Cypriot MEP Eleni Theocharous, who was visiting Armenia last week, with the Medal of Honour for her support to the Armenian nation. The medal was presented to Theocharous by the National Assembly President Galust Sahakyan “who praised her for her humanitarian action in difficult times for the people
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Only six of the 339 Palestinian and Syrian survivors rescued off the coast of Cyprus, when smugglers abandoned the fishing boat they were sailing to Italy on, have applied for asylum, according to the UN Refugee Agency (UNHCR) office in Nicosia, noting that the refugees who have applied for asylum have already been transferred to
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