President of the Republic Nicos Anastasiades has decided to refer to the Supreme Court four legislative proposals adopted by the House of Representatives on Saturday during the approval of the foreclosures bill, which is a precondition for the disbursement of the next tranche of the island`s €10 billion financial assistance programme. In a written statement,
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Cyprus trade deficit amounted to € 331,7 million in July, according to preliminary data from the Statistical Service of Cyprus. On the basis of preliminary estimates for Foreign Trade of Cyprus in July 2014, total imports / arrivals were €462,0 mn, of which €323,6 mn were arrivals from other Member States of E.U. and €138,4
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, The trouble with starting any government scheme or a business plan lies in critical volume. Cyprus is a small market, with an “island population”, yet we expect to achieve economies based on a larger scale or models that have been tried and tested in populous cities or countries. That is why we have only
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The 11th Cyprus Entrepreneurship Competition (CyEC) is now open, inviting young scientists to submit their business ideas by September 20, 2014. An initiative of the University of Cyprus, CyEC is organized in a strategic partnership with Cyta and supported by the Ministry of Energy, Trade, Industry and Tourism. CyEC aims to nurture entrepreneurial culture among
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By Jameel Ahmad, Chief Market Analyst at FXTM The NZDUSD has been on quite a downward spiral since the Reserve Bank of New Zealand (RBNZ) expressed an intention to pause monetary tightening, following three consecutive rate hikes earlier this year. A continuation of weak economic data has followed, suggesting that the New Zealand economy might
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Cyprus will host the 29th World Congress of the International College for Maxillofacial Surgery (ICMFS). The congress will be held in Limassol, October 5-9, and will be presided by Cyprus Oral and Maxillofacial Society. The objectives of the Congress is to link research with practice, as well as to advance surgical knowledge and professional care
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Visa confirmed that it will support consumer payments with the iPhone 6, iPhone 6 Plus, and Apple Watch. Participating financial institutions, initially in the U.S. and eventually in other markets, will be able to add Visa debit and credit cards to Apple Pay and enable their customers to make easy and secure purchases at select
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Cyprus ten-year bond yield declined to a four-year low in the backdrop of the ECB`s decision to purchase of private sector credit, including asset-backed securities and covered bonds. According to figures analysed by CNA, the yield of Cypriot ten-year bond that matures in 2020 declined in Monday to 4.50% from 4.54% in Friday, reaching a
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A high-level delegation from the European Investment Bank (EIB) is expected to pay a visit to Cyprus on Friday, September 19, in order to sign new financing instruments in support of the Cypriot economy. As CNA learns, the delegation will be headed by EIB President Werner Hoyer and EIB Vice President Mihai Tanasescu and will
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Hellenic Bank announced Tuesday that Marinos S. Yannopoulos assumes the position of Chief Executive Officer (CEO) of Hellenic Bank Group. According to the announcement Yannopoulos has many years of experience in the banking sector. During the last 35 years he served, inter alia, in various managerial positions of Chase Manhattan in New York, Milan and
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