The legislation for creating a casino resort in Cyprus is expected to come before the House of Representatives by the end of May, while the operation permits are estimate to be allocated in Spring 2015. Speaking after a closed-door meeting of the House Trade Committee, Minister of Energy Yiorgos Lakkotryppis said that the government has
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Cyprus expects a tourism boost from Great Britain, by 35% in the summer season and 50% in the winter season of 2015, following a deal between the Cyprus Tourism Organization (CTO) and Britain`s largest tour operator. Announcing Thursday the deal, Minister for Energy, Commerce, Industry and Tourism Giorgos Lakkotrypis said that a similar agreement is
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Nicosia and Athens will sign soon a “Memorandum for a Common Crisis Management”, the Cypriot and Greek Defence Ministers confirmed Thursday. The agreement is expected to be signed in the Cypriot capital. Cyprus Defence Minister Christophoros Phokaides met with his Greek counterpart Demetris Avramopoulos, in Athens and, in statements after the meeting, Avramopoulos noted that
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Cyprus one year after the collapse of its banking sector is well underway on a path to full recovery, President of the Republic Nicos Anastasiades has said Thursday. “Today, a year on since the Troika Agreement, I am pleased to tell you that, the Cyprus Economy is well underway on a path to full recovery,”
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The cooperative sector`s positive track, following its recapitalization, will be reflected in the fourth review of Cyprus` adjustment programme by the country`s international lenders, Chairman of the Board at the Cooperative Central Bank Nikolas Hadjiyiannis said on Thursday. In statements after a meeting with the Heads of the Troika delegation in Cyprus, Hadjiyiannis noted that
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The Emirates Group today announced its 26th consecutive year of profit and company-wide growth, ending the year in a strong position despite competitive pressure and a global economic environment that is only slowly recovering. The financial year ending 31 March 2014 also marked an unprecedented level of investment across the Group, continued expansion of its
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The legal framework to set up the first casino resort in Cyprus is expected to come before the House of Representatives by the end of May, with the operating licenses issued some time in Spring 2015, far from the end-2014 timeframe proposed by the consultants earlier this year. Speaking after a closed-door session of the
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Cyprus expects a boost in tourist arrivals from Great Britain, by as much as 35% in the summer season and 50% in the winter season of 2015, following a deal between the Cyprus Tourism Organisation (CTO) and an unnamed ‘major’ tour operator in the U.K. Announcing the deal during a parliamentary hearing on Thursday, Energy,
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A Cypriot scientist, Professor Christofer Toumazou, is among the finalists of this year’s European Inventor Award 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 on June 17 where winners will be announced in the following categories: Industry,
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Auditor General Odysseas Michaelides and a delegation from the Troika of international lenders, visiting Cyprus for the fourth assessment of the bailout programme, discussed the thorny issue of non performing loans (NPLs) at the rescued banks and high lending rates. “We raised issues concerning the banks, particularly the NPLs and high lending rates, which hinder
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