* Disgruntled groups want to block cap increase – Court rejects old shareholders’ demand * The next three days are critical for the future of the Bank of Cyprus, as the preliminary results for the first half are announced today Wednesday, a crucial shareholders’ meeting to approve a 1 bln euro capital increase takes place
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Cyprus football royalty APOEL FC are set to earn about €13.7 mln having reached the Champion’s League playoffs, after they eased past Aalborg of Denmark 4-0 on Tuesday night at Nicosia’s heat-drenched and crowd-packed GSP stadium. The superior home club, that is making its third attempt at this stage, has already stacked up 30.14 points
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Jet Airways, India’s premier international airline, and Etihad Airways, the national airline of the United Arab Emirates, have outlined plans to reinforce their long-term commitment to the growth of India’s economy and aviation industry, including a major new turnaround strategy for Jet Airways to return to profitability in three years. The two airlines have been
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Ryanair unveiled "Ryanair Business Plus", offering Europe’s business travellers a tailored suite of travel benefits. With Ryanair Business Plus, customers can enjoy: Flexibility on ticket changes, 20kg checked-in bag allowance, Fast track airport security at selected airports, Priority boarding, Premium seats Business Plus is the latest in a long line of customer improvements and with
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Delays in taking decisions and in the approval of bills to update current legislation, such as the proposed bill on foreclosures of mortgaged assets of non-performing loans, is the worst practice, the National Economy Council said on Tuesday, stressing the necessity to have the bills approved. In a position paper on issues concerning the bills
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* Anastasiades calls party leaders for meeting * The centre-right Democratic Party (DIKO), that was widely expected to support a revised legislation on foreclosures so that it could pass through parliament on Monday and avert another crisis, has decided to reject it, saying it is a “bad bill”. The foreclosures bill is a demand laid
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Wine lovers, and not only, will have the chance to enjoy their favorite drink at the 53rd Limassol Wine Festival which opens its gates on Thursday, 28 August, with the participation of the four main wineries on the island and 14 smaller district wineries. The annual festival will run until the 7th September at the
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The Stelios Philanthropic Foundation has announced the sixth competition for entrepreneurs – the Stelios Award for Business Cooperation in Cyprus – with a view to promote island-wide, bi-communal business cooperation between Turkish Cypriot and Greek Cypriot entrepreneurs by giving promising ventures the funding boost they need to grow. Up to ten awards of 10,000EU each
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The Cyprus problem, the economy and the portfolio of the new Cypriot EU Commissioner will be on the agenda of a private meeting President of the Republic Nicos Anastasiades will have with the new President of the European Commission, Jean-Claude Juncker on Saturday, August 30, in Brussels. The meeting will take place in the context
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The US dollar has reached its highest peak in almost a whole year in early trading on Monday with EUR/USD trading at 1.3184, the strongest performance of USD since 9 September 2013. This dollar strength follows Friday’s meeting at Jackson Hole, Wyoming, where Janet Yellen, Chairwoman of the US Federal Reserve, said that labor markets
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