Androulla Vassiliou, European Commissioner for Education, Culture, Multilingualism and Youth, unveiled a plaque in Nicosia on Tuesday to celebrate the European Union Prize for Cultural Heritage / Europa Nostra Award, won by the Home for Cooperation located in a historic building in the United Nations Buffer Zone. Present at the event were the Vice Present
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Where noisy car horns meet a colourful experience By Angela Komodromou, Editor Financial Mirror Are a few hours enough to acquaint yourself with the bewildering life of the Indian capital? My experience proved not, but I was saved by the entirely good and express guided tour I purchased. I found myself in New Delhi on
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The outlook on the Cypriot banking system remains negative, primarily reflecting the expectation of a continued rise in problem loans over the next 12-18 months that will exacerbate losses and erode banks' capital, says Moody's Investors Service. The outlook also captures the vulnerability of the banks' funding bases, owing to fragile depositor confidence after the
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Emirates and Jetstar have announced the expansion of their codeshare and frequent flyer relationship, to 30 routes across the Asia Pacific region providing more choice to Emirates customers. From 26 October 2014, Emirates will grow its codeshare on Jetstar to include Jetstar Airways services between Melbourne and Ayers Rock (Uluru), Christchurch to Wellington in New
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Tourist arrivals in Cyprus have reached 373.086 in August 2014 compared to 352.215 in August 2013, recording an increase of 5.9%, according to data released Monday by the Statistical Service. On the basis of the results of the Passengers Survey, an increase of 6.5% was recorded in tourist arrivals from the United Kingdom (from 127.118
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Satellite Service Provider "NOORSAT" and "Iris", a subsidiary of Cyprus Telecommunications Authority (Cyta), announced Sunday their agreement for the migration of NOORSAT’s operations to Makarios Teleport in Cyprus. According to the announcement, NOORSAT`s main facilities will be established at Makarios Teleport in Cyprus, a site that has been offering reliable solutions for satellite services for
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Employees at the public sector and the broader public sector go on strike on Friday, September 19, to protest recent statements made by Minister of Finance Harris Georgiades, regarding further cuts in salaries and the taxation of a one off bonus allocated to public sector employees upon their retirement. The trade union of public sector
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Cyprus Stock Exchange announced on Monday it approved to introduce to the Stock Exchange 151,065,200 ordinary shares of Hellenic Bank, which emerged following mandatory conversion of the company Convertible Bonds. These shares will be incorporated in the company`s share capital which will reach to 3,698,557,061 ordinary shares worth €0.01 each. Due to the conversion the
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The public employees trade union (PASYDY) decision making body, the General Council, approved on Monday a proposal for a 24-hour strike in the public service on Friday. The strike has been called to protest recent statements made by Minister of Finance Harris Georgiades regarding further cuts in salaries and the taxation of a one off
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Cyprus trade deficit for the first six months of the year stood at €1.6 billion, recording an annual increase of €100 million, Eurostat data released on Monday show. According to the data, in the first six months of 2014 Cyprus` exports came to €700 million, down by 6% while imports reached €2.4 billion, up by
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