Cyprus will train Lebanese officers on search and rescue operations, Defence Minister Christoforos Fokaides announced Tuesday at the ministerial meeting held in Rome on support for the Lebanese armed forces. Ten Lebanese officers will attend a training for two weeks, the Minister said. Since the 2006 crisis in Lebanon, Cyprus participates in the UN interim
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A high-ranking Eurozone official said that Eurogroup will approve the next tranche of €600 mln for Cyprus, which will be disbursed in July, during its meeting on Thursday in Luxembourg. The official noted that Cyprus’ rescue programme fourth assessment was pretty “clear”, the programme is on track and the implementation is “very, very good.” He
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* Toumazou’s rapid testing can detect genetic predisposition to diseases without time-consuming lab analysis * A pioneering invention on personalised medical diagnostics by UK-based scientist Christofer Toumazou has won him the European Inventor Award in the Research category which was presented in Berlin. People around the world now have hope that early enough detection of
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Cyprus Airways has sold its second daytime slot at London’s Heathrow airport to American Airlines in a deal worth $31 mln (22.8 mln euros) that will boost the troubled national carrier’s finances and help it recover. The airline’s new board and management, with less than a year at the helm, have embarked on an aggressive
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By Jameel Ahmad, Chief Market Analyst at FXTM On Thursday evening, Bank of England Governor Mark Carney surprised the financial markets by stating that the BoE could raise interest rates “sooner than the markets expect”. Only a few weeks earlier, Carney had declared that the BoE was in “no hurry to raise interest rates” and
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Pharmaceutical companies in Cyprus will join their European counterparts in disclosing future transfers of value to healthcare professionals, as part of a wider initiative to apply a stricter self-regulatory framework in the sector and increase transparency. This follows the public uproar in recent weeks over the pricing procedures of some medicines in public hospitals which
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A Cypriot scientist, Professor Christofer Toumazou, is among the finalists of this year’s European Inventor Award which will be announced on Tuesday for his tiny fast DNA testing tool on a USB stick. The awards ceremony, hosted by the European Patent Office (EPO), will take place in Berlin where winners will be announced in the
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Emirates, an Official FIFA Worldwide Partner, unveiled the first Boeing 777-300ER to feature the distinguishable signature of Emirates’ Global Ambassador and three times World Cup winner, Pelé. Two Emirates Pelé-ane will be connecting football fans with the action this summer on the Dubai to São Paulo route. Identifiable from the ground or the air, the
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The role of the Russian Federation “is of utmost significance” to achieve geopolitical stability on an international and regional level, Cyprus President Nicos Anastasiades said on Saturday. “Cyprus and Russia share a historic relationship,” he said, noting political and financial relations, Moscow’s consistent stance vis-a-vis the Cyprus issue and the resilience of local Russian businesses
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The Cypriot economy may contract in a more milder pace than anticipated, according to Central Bank of Cyprus estimates, with the Troika of international lenders projecting a negative growth of 4.2% of GDP this year, as against an initial estimate of -4.8%. According to a flash estimate by Cyprus Statistical Service the economy in the
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