Cyprus can perform the economic miracle, Cyprus President Nicos Anastasiades said at a meeting he held with the Qatari Business Association, adding that Cyprus has achieved this in the past, and more specifically in 1974. According to an official press release, Anastasiades who is paying an official visit to Qatar, accompanied by other officials and
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The week has begun with a risk adverse market in the wake of last Friday’s turmoil which saw a basket of emerging market currencies engaged in a large sell-off over fears of capital outflows from emerging markets. The currencies involved in the selling frenzy included Argentina’s peso, Russia’s ruble and the Turkish lira. The situation
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The Republic of Cyprus and the State of Qatar signed Monday an Agreement and Memoranda of Understanding, in the framework of the official visit of the President of the Republic Nicos Anastasiades, in Doha. During the President’s meeting with the Emir of the State of Qatar, the Ministers accompanying the President of the Republic signed,
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Cyprus lenders, the European Commission, the European Central Bank and the International Monetary Fund said on Monday debt restructuring in Cypriot banks, is "a critical component" of the Cyprus economic adjustment programme. Faced with the collapse of Cyprus banking sector and a possible default on its debts, Cyprus last March agreed with the Troika on
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Etihad Airways, the national airline of the United Arab Emirates, is celebrating a year of record-breaking success after achieving its highest ever passenger and cargo volumes in 2013. Nearly 12 million people flew with Etihad Airways last year, marking a significant increase of nearly 16 per cent in comparison to 2012’s figure of 10.3 million.
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UNICEF Cyprus has launched its e-shop and set up a Facebook page with the help of volunteers for the sale of cards and gifts in aid of children as well as provide information on coming events and past activities from its Facebook page. UNICEF Cyprus will operate its e-shop under the brand “BuynHelp” with the
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Cyprus President Nicos Anastasiades is in Doha for a three-day official visit accompanied by three cabinet ministers and a 58-strong trade delegation, with the hope of encouraging Qatari investments that were declared in the past but never materialised. Anastasiades, accompanied by First Lady Andri, was received at the airport by Qatar’s Minister of Energy and
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Shacolas Group subsidiary, Ermes Department Stores Plc, announced that it has sold its 25.01% stake in the airports catering company Cyprus Airports (F&B) Ltd., to its operating partner Air Rianta International (Middle East) WLL. Following the deal valued at €3.125.000, ARI will now be in full control of the company that operates all catering and
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General Insurance of Cyprus, the wholly-owned insurance subsidiary of the Bank of Cyprus Group, is to transfer the entirety of its client portfolio in Greece to ERGO General Insurance Company S.A. with which it already cooperates in Greece. In an announcement, the company said that “the agreement provides for the gradual transfer to ERGO of
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Inspectors from the Troika of international lenders will be back in Cyprus next week for the third successive review of the public reform and debt control programme as part of the 10 bln euro bailout. Deputy IMF spokesman William Murray said that a new round of contacts will begin on Wednesday, January 29. Murray said
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