Head of the Cyprus Tourism Organisation Marios Hannides believes that Cyprus has an ace up its sleeve with sports tourism as an alternative form of tourism. Addressing a gathering on Tuesday to present the CTO’s activities to promote sports tourism, Hannides said that tourism is essential in restarting the island’s economy. He added that sports
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The increase in non-performing loans (NPLs) in the Bank of Cyprus (BoC) is in line with Pimco’s projections, IMF Mission Chief for Cyprus Delia Velculescu has said. Pimco carried out a due diligence report on the island’s banking system, on the basis of which the Cypriot banks were recapitilised. Asked about the increase in NPLs,
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Finance Minister Harris Georgiades announced that there will be significant relaxations to capital controls next week. Georgiades noted that the third review of Cyprus` adjustment programme “has been successfully completed”. A delegation of Cyprus` lenders (the European Commission, the European Central Bank and the IMF, collectively called as the Troika), completed yesterday the third programme
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Taipei became Emirates’ newest passenger destination when flight EK366 arrived at Taiwan Taoyuan International Airport on Monday inaugurating the airline's daily non-stop service from Dubai International Airport. “Emirates and Taipei began their partnership in 2003 when Emirates Skycargo launched freighter services from Dubai. I am proud that we have been able to increase our commitment
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Joint Declaration by Nicos Anastasiades and Dervis Eroglu, 11/2/2014 The two leaders had their first meeting today under the auspices of the UN Secretary General's Good Offices mission. The meeting was held in a friendly and cordial atmosphere and the two leaders have agreed to the following: 1. The status quo is unacceptable and its
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. The ABC of good governance By Petros Florides Unfortunately, there is no “silver bullet” to kill the ‘bad governance monster’ that stalks this country. Determined and concerted effort by many people over many years, using complementary approaches, is the only way to ensure real and lasting change in ‘the way we do things around
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Cyprus President Nicos Anastasiades and Turkish Cypriot leader Dervis Eroglu have agreed to start negotiations aimed at a settlement of the island’s decades-old division, after agreeing to a document setting out the parameters of the talks. It is widely believed that U.S. diplomatic efforts succeeded in persuading both sides to overcome their respective inhibitions and
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The talks between the Government and the Troika on the updated text of the Memorandum in the context of the third review of the Cyprus program have been concluded, a reliable source told CNA. The talks on macroeconomic and structural issues of the Memorandum began this morning at the Ministry of Finance between the Minister
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Globally this year , the 11th of February is celebrated as the Safer Internet Day (SID). A special day was designed to inform parents and their children and societies in general about the risks and dangers lurking in the use of the vast collection data that we call internet. On the one hand, internet enables
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The countdown has started: there are 100 days to go until the first polling stations open for the 2014 European elections. In the second biggest democratic exercise in the world, 400 million people can cast their vote for a new European Parliament. The 751 MEPs taking up their seats in July will not only set
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