European Commission in cooperation with the UN Development Program (UNDP) has signed an agreement for an additional financial support of 2,6 million euro for the Committee on Missing Persons in Cyprus (CMP). EC has granted the CMP a total of 12,1 mln. According to an announcement issued Monday by the Commission, the EC points out
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New cases of cancer are increasing year by year in Cyprus and deaths amount to 1.200 per year. According to the latest statistics, secured by CNA from the Cancer archives, at least three thousand new cases of cancer are recorded each year, with more frequent that of breast cancer for women and prostate cancer for
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Investor sentiment opened low again this week with the market depressed by new data from China showing further weakening in the local economy. Risk appetite is waning across the board as a result of concerns that China’s economy is losing momentum and with emerging economies under pressure after the US Federal Reserve’s decision to continue
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The best answer to Turkish provocations is to implement the government plans with regard to the Republic’s energy resources, Defence Minister Photis Photiou has said, pointing out “this is exactly what we are doing.” Invited to comment on an announcement issued by the Turkish armed forces about the harassment of the Norwegian seismic ship “Princess”
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Foreign Minister Ioannis Kasoulides has described as unacceptable the incident which occurred in Cyprus Exclusive Economic Zone (EEZ) when a Turkish military vessel harassed the Norwegian seismic ship Princess, which was conducting seismic survey in the Cypriot EEZ. Kasoulides said that the incident took place in the northern areas of the two blocks, 10 and
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. Is Chapter 11 the solution for a troubled Cyprus business? By Rakis Christoforou BBA, CPA/ABV/CFF, MCSI, CGMA, ACFE Bankruptcy is one of the most complex areas of law, incorporating elements of forensic accounting, contract law, corporate law, tax law and real estate law. When a business is unable to service its debt or pay
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The Israeli airline, Arkia Airlines, has appointed from 01.02.2014 Orthodoxou Aviation Ltd in Cyprus, as General Sales Agent (GSA). Orthodoxou Aviation Ltd which specializes in the management of airlines and tourism services will manage all sales and marketing activities of the airline in the Cyprus market. With this new collaboration Arkia Airlines has as objective
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Greece's ultra-right Golden Dawn will find a way to contest local and European elections in May despite a crackdown on the party, a senior lawmaker told a defiant crowd of a few thousand supporters in central Athens. Golden Dawn's leader and five other lawmakers are in jail due to an investigation into whether it is
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A top legal official in the European Court of Justice advised the EU judges to reject an appeal made by MasterCard over the fees it charges on payment transactions. The fees, best known by their acronym MIFs (multilateral interchange fees), have been the object of a legal dispute between the EU authorities and the major
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The Bank of Cyprus leadership believes there is evidence of improving stability in the Bank and generally in the banking sector. Nonetheless, it points out at the same time that it is fully committed to restoring the confidence of depositors and customers In an interview with the Cyprus News Agency, Chairman of the Board of
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