Cyprus is not affected by the decision taken by the European Commission for cheese producers who were hit by the Russian embargo on EU products, Agriculture Minister Nicos Kouyialis has said. The Commission closed the measure for Private Storage Aid (PSA) for cheese following a disproportionate surge in interest for this measure from cheese producers
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Payments in commercial transactions between businesses and between businesses and the public sector in crisis-hit Cyprus take from 25 to 90 days, according to an EU Economic and Financial Affairs Directorate General. The report shows that late payments occur in EU countries facing adverse financial conditions, sush as Greece where payments of commercial transactions take
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The Parliamentary Committee on the Environment discussed on Wednesday a proposal submitted by businessmen from Cyprus and Israel to open a crocodile park in Tochi -Psematismenos area in the Larnaca district. Local authorities are strongly opposed to the proposal, which involves bringing 1002 Nile crocodiles from Israel to Cyprus. The authorities express their concern that
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The University of Cyprus has established one of the 460 “Confucius” Institutes in the world. Constantinos Christofides, Rector of the University, speaking at a press conference expressed his satisfaction over this development because, as he pointed out, the University opens up to a great country and a great people with an important civilization and tradition.
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MTN Cyprus, the alternative mobile phone provider that is rapidly catching up with state-owned CytaMobile Vodafone, is launching Apple’s iPhone 6 to new and existing contract subscribers as of Thursday. This is a major scoop for the telco that has often challenged Cyta’s hegemony in new device arrivals and packages, as Cyprus was not yet
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. By Oren Laurent President, Banc De Binary It has won over top celebrities and Hollywood stars. But can it now appeal to British investors? A range of political and economic factors have contributed to slowing growth among many of Europe’s largest luxury brands and top fashion houses. Yet, in the midst of this wavering
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The Bank of Cyprus board decided on Tuesday to call for a shareholders’ meeting within 60 days, when US-based investor Wilbur Ross is expected to be elected to the board, representing funds that now control about 19% of the bank. The bank said that a general meeting of its shareholders will take place on November
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The House of Representatives adopted one of the two referrals on Tuesday relating to foreclosures by President Nicos Anastasiades but rejected the other. The implementation of the bill on foreclosures is a precondition for the disbursement of the sixth tranche of about 440 mln euros in financial assistance from the Troika of international lenders. The
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* Aristodemou couple appeal remand order, fifth arrest * Paphos Mayor Savvas Vergas said that the municipality is continuing its probe into Aristo Developers and that it should have a list of all related companies some time on Wednesday. Vergas said that he has received full disclosure from the Registrar of Companies and that the
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The drill ship Saipem 10000 hired by the ENI-KOGAS consortium arrived Tuesday at the point in Block 9 of the Cyprus Exclusive Economic Zone (EEZ) where it will make its first exploratory drilling at the ‘Onasagoras’ gasfield. “Saipem drill ship at Point Zero in Cyprus EEZ. So far all according to plan. Results in ~80
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