The Cyprus government is investigating whether any of the 18 disgraced Ukrainian political figures and their family members maintained illicit funds on the island. This follows EU decisions to freeze the assets of 18 Ukrainians, including former President Victor Yanukovych and former Prime Minister Mykola Azarov, who have been identified as responsible for the misappropriation
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The dependence of the Cypriot banking system on the Emergency Liquidity Assistance (ELA) remained unchanged in January at €9.55 bln, with a marginal decrease of €90,000 compared with December 2013. Last December, the Cypriot banking system reduced borrowing from ELA by €224 mln compared with November when assistance from the ELA amounted to €9.77 bln,
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Cyprus President Nicos Anastasiades will visit Berlin in May where he will have substantial talks with German Chancellor Angela Merkel with whom he discussed the Cyprus political and financial issues on the sidelines of the European People’s Party congress in Dublin. Anastasiades expressed his "satisfaction that in the platform for the European Parliament elections of
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Business leaders from both sides of Cyprus meeting in Brussels have expressed the conviction that a solution of the Cyprus problem “will benefit all sectors of the economy and will bring gains for Cypriots on both sides of the island, with significant growth to companies and creating jobs for many of our unemployed compatriots.” They
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The new cabinet expected to be appointed soon will be making important decisions as regards plans for a future LNG plant, Energy, Commerce, Industry and Tourism Minister Yiorgos Lakkotrypis said on Saturday. President Anastasiades is expected to announce a cabinet reshuffle and new appointments after junior coalition partner DIKO broke away and ordered its four
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Developments in the Cyprus problem, the course of the Cypriot economy and the situation in Ukraine were discussed at a meeting on Friday in Dublin between President of the Republic of Cyprus Nicos Anastasiades and German Chancellor Angela Merkel. The half-hour meeting was held on the sidelines of the European People`s Party (EPP) Congress in
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Job prospects in the air transport industry are said to be positive, as according to experts, air traffic in Europe will increase by 5% in the next decade. For Cyprus the aviation sector is particularly significant since the economy is largely dependant on tourism, which amidst the economic crisis is a key priority for the
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EU-mandated spending cuts in the Greek healthcare system has brought the country decades back into time, with the new-born death rate jumping by 43% since the beginning of the crisis, according to Jorgo Chatzimarkakis, a liberal MEP from the German FDP party. The austerity policies, ordered by Greece's Troika of international creditors, have worsened the
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Indian High Commissioner Ravi Bangar has expressed interest in the privatisations process at a meeting with Minister of Communications and Works Tasos Mitsopoulos, on Thursday. The two men agreed to work towards concluding bilateral agreements in the areas of merchant shipping, protection of antiquities, cooperation in blue growth, telecommunications, satellite communications and research & innovation.
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For the sixth consecutive year 93 graduates fully trained and equipped with the necessary knowledge and skills and ready to face the current economic challenges, are entering into the business world after completing the MBA Program of the University of Cyprus. As part of Student Graduation Ceremony held on February 21, postgraduate diplomas were awarded
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