Hermes Airports announces that www.hermesairports.com website has been re-launched. Hermes Airports Ltd is the operator of the two International Airports of the Republic of Cyprus. The consortium consists of 9 shareholders comprising of Cypriot and International investors. Overall, more than seven million passengers travel through Larnaka and Pafos International Airports, annually. The new website aspires to
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Cypriot Marcos Baghdatis is the winner of the 2014 VanOpen after defeating Farrukh Dustov of Uzbekistan. Baghdatis became the champion with a 7-6(6), 6-3. This is his second victory since returning to action in June, winning earlier the Nottingham tournament. He was the runner-up at the 2006 Australian Open and a semifinalist at the 2006
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Israeli agents were eavesdropping on US Secretary of State John Kerry as he was mediating last year’s futile Middle East peace talks, German magazine Der Spiegel has revealed. Kerry made reviving diplomatic ties between Israel and the Palestinian Authority after a three-year freeze a central priority in the early months of his term as secretary
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At least 367 people have been killed and some 1,300 injured by a magnitude 6.1 earthquake in south-west China, state news agency Xinhua says. The US Geological Survey said the quake struck about 11km (seven miles) north-west of Wenping in Yunnan province at 16:30 local time (08:30 GMT). A major rescue and relief operation is
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President of Cyprus Nicos Anastasiades suffers a knee problem and will have to undergo a surgery in August, Government Spokesman Nikos Christodoulides has told CNA. President Anastasiades was expected to attend yesterday morning a memorial service for the first President of Cyprus, Archbishop Makarios III, who died on August 3, 1977. However, he was represented
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The Central Bank of Cyprus (CBC) announced that it has suspended the sale process of the branch of FBME Bank Ltd in Cyprus, pending a court injunction order issued by the main shareholders of FBME Tanzania, owner of the Cyprus bank branch. FBME Cyprus, which has been under CBC administration since July 18 on US
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The process of restructuring non-performing loans (NPLs) in the Cooperative Credit Institutions is fully on track, according to senior banking sources. The percentage of non-performing loans in the Cooperatives reached 52.62%, or about €7 bln of the €13.28 bln loan portfolio, based on provisional data for May issued by the Central Bank of Cyprus. In
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Bank of Cyprus now has cushion of €1.6 bln after the recent capital increase of €1.1 bln, continued cost-cutting and cashing in on some €950 mln the government owed it after absorbing the now defunct Laiki Popular Bank and being burdened with its bailout obligations. Group Finance Director Christakis Patsalides said that additional money raised
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The government announced on Friday that it will proceed with a “fast track” process to finalise the legal framework, invite bidders and choose the licensor who will operate an integrated casino resort mega-project, all within a year from today. As much as the news may be music to the ears of investors and ordinary folk
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I AM Jewelry and Accessories opened today its second boutique in Cyprus at The Mall of Cyprus, in Nicosia, following the successful opening of the first store in MyMall, Limassol, last month. I AM is the European brand for fabulous jewelry, complemented by YSTRDY’s gorgeous textile accessories, all at affordable prices. I AM has everything
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