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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Gulf Air has launched a “Double Miles” promotion giving its FalconFlyer Programme members the opportunity to earn double miles when flying to the airline’s newest destination, Athens, which resumes with four weekly flights from June 16. “This one-month promotion coincides with the upcoming resumption of flights to Athens, giving all our FalconFlyer members the opportunity
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* First 6-year bond on LSE “to test market” * A six year international bond issue announced by the government last Wednesday in an attempt to test the market, has raised a storm with politicians and economists alike saying it was unwarranted and too expensive. The Ministry of Finance announced that it issued a six
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Wash away the stress of the week with a tasting of the recently released ‘Zambartas Rosé’ 2013 in the beautiful ambiance of the new Leventis Art Gallery on Thursday, May 8. With our flagship wine recently launched, in collaboration with the gallery’s Pinakothiki restaurant, the event will be taking place between 6 and 8pm, while
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. By Androulla Kaminara Turkey aspires to become an energy hub for supply to Europe. This would, on the one hand, increase its energy security and on the other, will ensure that it has sufficient energy for its own needs which will be partly guaranteed by the fact that the pipelines would go through its
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. By Dr. Jim Leontiades Cyprus International Institute of Management Who is responsible for the financial crisis? Cypriots have understandably been disappointed, not to mention furious, at the apparent failure of the various investigative committees to bring persons responsible for the financial crisis to justice. However, the purpose of such investigative commissions is not to
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. The inspectors from the Troika of international lenders could not have come at a better time to get a true picture of what is really going on in Cyprus (or, who is kidding whom). First, the House Ethics Committee report revealed that senior officials at the Bank of Cyprus, most of whom have since
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President Nicos Anastasiades, on an official visit to Germany, is in Hamburg and will meet the President of the Senate of Hamburg, Mayor Olaf Scholz. The President will attend and address a luncheon to be hosted by the Cyprus Shipping Chamber for major German shipowners, in the presence of the Minister of Communications and Works
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Cyprus government is focusing on establishing a private financing corporation in a bid to process and divert financial assistance from foreign national and international financing organisations to cash-strapped small and medium-sized enterprises, Government Spokesman Nicos Christodoulides told CNA. The organisation will act as the tool that would divert financing to SME`s as part of the
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No matter how many years go by, the victory against fascism and nazism of Hitler’s Germany will always constitute one of the greatest collective achievements of mankind, the Director of the Office of the President of the Republic, Panayiotis Antoniou has said, addressing an event for the 69th anniversary of the anti-fascist victory during the
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