Cyprus Government Spokesman Christos Stylianides announced his resignation as he runs for a seat in the European Parliament with ruling Democratic Rally (DISY). “It was a difficult decision to resign before the work of Nicos Anastasiades` administration is completed. However, my decision to seek election to the European Parliament is a natural progression and I
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. By Oren Laurent President, Banc De Binary Throughout 2013, tech stocks seemed unstoppable. Facebook and Netflix saw their share prices double, while the Nasdaq Composite Index, which comprises more than 3,000 several Internet and biotech companies, rose a significant 28%. Is the tide now changing? Does last week’s market slump signify the end of
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Emirates, will increase capacity on its services to Cyprus, with the addition of three more flights a week from 1st August 2014. This news follows the exemption of the pre-entry visa – now also free of charge – applicable to Cypriot citizens visiting UAE from 22nd March 2014. Travellers from Cyprus will be able to
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A newly established pro-European political party tends to change the political balances in Greece ahead of the EU elections in May. The new party, Potami (The River), has not decided yet in which European political family it will be affiliated, triggering tensions in the Center-Left. Its leader is a well-known journalist, Stavros Theodorakis, and its
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Cyprus Presidents Nicos Anastasiades begins on Monday contacts in Abu Dhabi in the framework of a four-day visit to Abu Dhabi and Dubai aiming at attracting foreign investments. He is accompanied by his spouse Andri Anastasiades and a high level delegation. According to an official press release, the Cypriot delegation includes Minister of Finance Harris
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Cyprus police has issued an arrest warrant for Danny Brewster, founder and CEO of local bitcoin depositary institution Neo and payment service Bee (known collectively as Neo & Bee), following accusations of defrauding customers and racking up debts of about €1 mln. The CEO, who skipped the country two weeks ago, has been named as
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Cyta has introduced the new Samsung Galaxy S5 smartphone through its Cytamobile-Vodafone mobile service. The new Samsung, offered to subscribers at select Cytashops throughout the past week, is available free with the RED4 package until the end of May or with other packs at €73 a month. The RED deal offers free insurance for 12
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MEPs will debate and approve a package of measures in Strasbourg on Tuesday to ensure that banks shoulder the risks of failure rather than relying on taxpayers to bail them out. The measures, two dealing with troubled banks and one updating the scheme guaranteeing deposits under €100,000, complement the single bank supervision system, already in
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The trade deficit narrowed to €270.9 mln in January compared to €290.2mln in the corresponding month of 2013, due mainly to a drop in imports, the Statistical Service Cystat reported. Total imports/arrivals (covering total imports from third countries and arrivals from other EU member states) in January amounted to €381.7 mln as compared to €410.1
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The annual “Digital Ship Cyprus” conference took place at the Grand Resort hotel in Limassol last week where delegates discussed the latest technologies for maritime satellite communications, software and electronics and how they can assist ship operators to communicate effectively and efficiently with their fleets. The conference also looked at how to meet the challenges
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