The Cyprus International Institute of Management (CIIM) and the Cyprus Telecommunications Authority (CYTA) presented on Wednesday a business competition for 2014-2015 with a view to creating innovative independent business with a global perspective (start-ups) and with an emphasis on companies that are in the early stages of development, web-based businesses, and businesses based on new
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Education is the cornerstone of success in forex trading and with this in mind, international forex broker Forex Time (FXTM) has announced the launch of a complete series of free forex webinars. The 15 weekly webinars that will run until the end of the year offer something relevant to every trader, regardless of whether they
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By Jameel Ahmad, Chief Market Analyst at FXTM Despite the Scottish referendum coming to a conclusion, gains in the Cable have been relatively controlled and contained this week. Investor appetite has yet to fully return to the GBP, with investors perhaps awaiting for Westminster to formally agree on what extra political power Scotland will be
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The unit in charge of restructuring loans in the cooperative sector will be significantly enhanced in terms of staff, in accordance with the relevant action plan sent to the European Commission on 15 September by the Central Cooperative Bank (CCB), as provided by the fifth updated memorandum with Troika, Cyprus' international lenders. According to CNA
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The Federal Bank of the Middle East (FBME), currently under administration by the Central Bank of Cyprus, has expressed its readiness to comply with the laws against money laundering and called on the Central Bank (CBC) to abandon its decision on expropriation and the sale of the branch on the island. In a public comment
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The House of Representatives plenary has accepted, by majority vote, one of the two referrals relating to foreclosures by President of the Republic Nicos Anastasiades and rejected the other. The referral which was accepted by a majority of 28 for, 24 against and 4 abstentions, was on legislation initially tabled by MPs stipulating that borrowers
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Bank of Cyprus (BOC) announced that the Annual General Meeting of its shareholders will take place on the 20th of November 2014. According to the Bank, further details will be announced in due course. New shareholders of the Bank, following the increase of its share capital by € 1 billion and the change in the
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Drill ship Saipem 10000 of the ENI/KOGAS consortium arrived yesterday, at 16.32 (local time) to the point where it will make an exploratory drilling at "Onasagoras" gas field of Cyprus` Exclusive Economic Zone (EEZ) block “9” . “Saipem drill ship at Point Zero in Cyprus EEZ. So far all according to plan. Results in ~80
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The Bank of Cyprus board is meeting on Tuesday to consider a stern letter sent by Central Bank Governor Chrystalla Yiorkadji directing them to resign and seek re-election, if they wish, at a shareholders’ meeting after the latest company restructuring. The board had initially asked the centralbanker to vet US-based investor Wilbur Ross, who is
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Drilling operations by the ENI-KOGAS joint venture in blocks 2,3 and 9, in Cyprus` Exclusive Economic Zone (EEZ) will begin within the next few days, Energy, Commerce, Industry and Tourism Minister Yiorgos Lakkotrypis said on Monday, addressing a meeting of Larnaca Commerce and Industry Chamber. Lakkotrypis also said that the use of Larnaca port to
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