Noble Energy, operator of Block 12 in the Cyprus offshore natural gas exploration efforts, has partnered up with the Pervolia Community Council and the Cyprus Marine Environment Protection Association (CYMEPA) by adopting 400 meters of the Faros Beach, located near Pervolia Village in Larnaca. A portion of the beach is listed by the Natura 2000
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Zagrosjet Airlines is launching flights to Cyprus. The airline will connect Larnaka with the city of Erbil in Iraq. The Larnaka-Erbil route will be performed once a week and will be operated with Airbus 320 and 321 type aircraft. Chief Executive Officer of Hermes Wes Porter, welcomed Zagrosjet to Cyprus, noting that the airline “is
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Unemployment was down by 1.5% in May 2014 compared to May 2013, data released by the Cyprus Statistical Service on Wednesday show. In particular unemployed persons, registered at the District Labour Offices on the last day of May 2014, reached 43,768 persons. Based on the seasonally adjusted data which show the trend of unemployment, the
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The introduction of alternative investment funds in Cyprus could be cover the lack of finance that weighs on the Cypriot economy, Chairwoman of the Cyprus Securities and Exchange Commission Demetra Kalogirou has said, addressing a conference on promoting Cyprus as a fund jurisditction. Following the financial meltdown and the €10 billion financial assistance package on
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Ecological cleaning pioneer Ecover has launched its first ever bottle made from waste plastic fished out of the ocean. The Ecover Ocean Bottle, which holds Ecover’s washing-up liquid, is made entirely from recycled plastic, with 10 per cent of that plastic coming from the sea. The bottle represents an exciting joint initiative between Ecover and
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Cyprus President Nicos Anastasiades made it clear, on Monday, to Turkish Cypriot leader Dervis Eroglu that there has to be proposals from both sides on all core issues of the Cyprus problem, these must be in turn examined and convergences must be achieved before the ongoing talks for the reunification of the island can proceed
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Cyprus GDP contracted by 4.1% in seasonally adjusted terms, during the 1st quarter of 2014, compared with the same quarter in 2013, which compares favourably with the prediction 4.8% annual contraction that is included in the 3rd review of the economic adjustment programme, the Finance Ministry announced on Monday. Unemployment, in monthly seasonally adjusted figures,
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Written by Jameel Ahmad, Chief Market Analyst at FXTM Last year, many Hedge Funds and Investment Banks predicted that by the end of 2014, the US economy would impress and buyers would rush towards the Greenback, ditching Gold in the distance. For a while, it seemed they were onto something. After their stunning assessment on
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The leaders of the two communities in Cyprus, namely President of the Republic Nicos Anastasiades and Turkish Cypriot leader Dervis Eroglu, will be holding a new meeting on Monday in the context of UN-led talks for a solution of the Cyprus problem. During their meeting, they are expected to evaluate the course of negotiations so
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Nicosia side APOEL are headed back to the UEFA Champions League series after beating out-of-town rivals AEL of Limassol 1-0 in one of the most heated championships that was decided in the final clash in an empty stadium. Thousands of frenetic fans flocked to the club's premises at the capital's entrance blocking off roads and
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