The European Parliament 2013 progress report on Turkey was approved on Wednesday by 475 votes in favour, 153 against and 43 abstentions. The report, drafted by rapporteur Ria Oomen-Ruijten, was discussed on Tuesday at the plenary, in Strasbourg, in the presence of Enlargement Commissioner Stefan Fule and Greek Deputy Foreign Minister Dimitris Kourkoulas, representing the
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The effects on the credit profiles of Moody's rated Russian corporates would be positive to neutral under the scenario of a sustained 10% drop in the rouble to around RUB 36.5 per US dollar from RUB 33.2 at the start of 2014, Moody's Investors Service said in a special comment on Wednesday. The rating agency
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The European Commission outlined on Tuesday its vision for the future of EU justice policy to be premised on trust, mobility and growth by 2020. "We have come a long way, but there is more to do to develop a true European area of Justice," said Vice-President Viviane Reding, the EU`s Justice Commissioner, adding "building
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The Economic and Financial Council, which convened on Tuesday in Brussels, adjusted the mandate of the Greek Presidency for negotiations with the European Parliament on the establishment of a single resolution board and a single fund for the resolution of the banks, following serious disagreements between the EU Finance Ministers, over the establishment of the
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The Cypriot economy registered significantly milder contraction than the projections of its international lenders, according to figures released Tuesday by Cyprus` Statistical Service (Cystat) for the contraction of the island`s GDP in the fourth quarter of 2013. According to Cystat`s new estimate, the economy shrank by 5.1% in the fourth quarter of 2013 compared with
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Alexander Downer, UN Secretary General’s Special Advisor on Cyprus, is expected to visit Cyprus at the end of March, to say goodbye to the leaders of the island’s two communities and his associates here, according to reliable sources. Downer’s proposed trip is likely to coincide with a meeting, the second in a row, between the
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Italian MEP Sergio Paolo Francesco has tabled a motion for a resolution, requesting the European Commission to actively participate in the dialogue between the two sides in Cyprus, to facilitate the progress of the negotiations and to make the establishment of a new federation on the island dependent on the result of a referendum. The
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QATAR Airways will launch four weekly flights to Cyprus from 29 April 2014 as part of a recent agreement aiming to strengthen air transport between Cyprus and Qatar, signed in Doha last Sunday. According to an official announcement, the agreement was signed by the Minister of Communications and Works Tasos Mitsopoulos and President of the
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Cyprus President Nicos Anastasiades and Turkish Cypriot leader Dervis Eroglu will meet on March 31. A written statement by the Spokesperson of the UN Good Offices Mission in Cyprus Michel Bonnardeaux said that the negotiators of the Greek Cypriot and the Turkish Cypriot side, Andreas Mavroyiannis and Kudret Özersay, who met on Tuesday in the
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Auditor General Chrystalla Yiorkadji takes over as new Central Bank Governor on April 11, after incumbent Paniccos Demetriades steps down after two years in office and returns to his economics professorship in the U.K. She will be the first woman to take up this post in the Republic’s 54-year history with the last 12 months
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