A compromise solution regarding the share capital increase in the Bank of Cyprus (BoC) by at least 1 bln euros was reached on Friday, ahead of the ECB`s crucial stress tests. The formula was found in a meeting between the Central Bank Governor Chrystalla Yiorkadji and the Chairman and members of the BoC Board of
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. The chairman of the troubled national carrier has been called by parliament to give deputies what they perceive to be a justified response to the 30-million-dollar question: why sell the slots at Heathrow airport? Perhaps, the answer should be “why not”? Some cool-headed commentators have supported Cyprus Airways’ decision to let go of its
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. By Dr. Andrestinos N. Papadopoulos, Ambassador a.h. Again Iraq, but this time with different players. The fighters of the Islamic State in Iraq and the Levant (ISIL) have already conquered north western Iraq getting as spoils the cities of Mosul, Faludja and Tikrit. Now, they fight to conquer Baghdad as well. ISIL, whose objective
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. By Oren Laurent President, Banc De Binary A month ago, I said in this very column that U.S. economic data was conflicting, albeit with an overriding bullish sentiment. Now it seems that the bulls are leaving no room for doubt as the economy continues to pick up pace. At the close of last week,
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Etihad Airways, the national airline of the United Arab Emirates, celebrated a major milestone as the fastest growing airline in commercial history, when it took delivery of its 100th and 101st aircraft on the same day. The one hundredth aircraft, a new Airbus A321-231 (registration A6-AEC), was delivered from the Airbus Finkenwerder facility in Hamburg.
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"Future Earth", one the most ambitious and most prestigious international programs of global sustainability, announced on 22nd July that the management of the program was entrusted to an international consortium in which CyI is a key participant, in charge of managing the "hub" for the Middle East/North Africa (MENA) region. ‘Future Earth’ is a 10-year
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US Vice President Joe Biden will attend the 42nd Biennial Clergy-Laity Congress of the Greek Orthodox Archdiocese of America, in Philadelphia, Pennsylvania, on Wednesday, July 9. This will be the third meeting of Biden with the Greek American Community in the last three months. The Grand Banquet, where Biden will deliver remarks, is traditionally the
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More than half of Cyprus` government debt in 2013 was covered by loans, figures released by Eurostat show. 59% of Cyprus government debt was financed by loans and the remaining 41% was financed by bonds. In contrast 81% of the EU average government debt was financed by securities (bills, bonds, etc. excluding shares and financial
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The European Commission adopted Thursday proposals with view to “turn Europe into a more circular economy and boost recycling in the Member States”. Achieving the new waste targets would create 580.000 new jobs compared to today`s performance, while making Europe more competitive and reducing demand for costly scarce resources, a press release of the Commission
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A group of Greek Cypriot and Turkish Cypriot architects, planners and urban designers, called `Imaginary Famagusta`, and a bi-communal group of volunteers walked the streets of Famagusta last week to gather information on the region’s buildings and structures. With the information gathered by this bi-communal group, `Hands-On-Famagusta` will develop the design tools needed to support
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