* Operating, staff costs down in Cyprus, revenues up * Louis Plc continued to reduce staff and administration costs in the first nine months of 2013, which, combined with slightly improved revenues of 7.4 mln euros compared to the same period last year, resulted in a profit of 2.93 mln euros, a significant turnaround from
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The European Commission unveiled proposals on Monday (25 November) aiming to close a loophole that allows companies to cut their tax bill using subsidiaries in other EU member states. The Commission wants rules to prevent companies setting up "letter-box subsidiaries" in countries solely to qualify for a softer tax regime and cut their bill. Algirdas
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Trade unions in Cyprus will organize on the 14th of December their first mass demonstration against austerity policies, imposed by the Troika (EU Commission, IMF and European Central Bank). Unionists from workers’, farmers’ teachers’ and students’ organizations PEO, DEOK, OELMEK, POED, OLTEK, POAS, EKYSY, PSEM, and EKA, held a press conference Tuesday announcing their decision
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European Commission President Jose Manuel Barroso is expected to express on Wednesday the Commission’s political will to assist Cyprus in addressing the economic crisis and outline its readiness for greater involvement in the efforts to resolve the Cyprus issue. President of Cyprus Nicos Anastasiades arrived on Tuesday in Brussels, accompanied by Foreign Minister Ioannis Kasoulides,
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ENERMAP is the inspired attempt of Dr. Alexandros Charalambides, a Lecturer at the Cyprus University of Technology, who joined forces with Paris Thomas, Business Consultant and Director at Open Box Communication, and Jânio Tjoe-Awie, Geographical Information Systems expert from Nieuwland Geo-Informatie in The Netherlands, to map out the energy efficiency of buildings across Europe. It
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Cyprus Tourism Organisation (CTO) estimates that tourist arrival from Russia will reach 800,000 in 2014 marking a steep increase of 25% year on year. A CTO delegation headed by its President Alecos Orountiotis held contacts with tourist operators. "The meetings showed that the impressive course of tourist arrivals from Russia in the past years will
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Workshop by The Cyprus Institute and the Massachusetts Institute of Technology The Cyprus Institute (CyI) and the Massachusetts Institute of Technology (MIT) held on 22 – 23 November a two-day workshop, the principal focus being to present and discuss the findings of the interim report "Maximizing the Long-term Value of Natural Gas for Cyprus". In
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EU regulated and global forex broker ForexTime Ltd (FXTM) has given the surest sign yet of the company’s strong growth and ambitious development plans by participating in the 11th Shanghai International Money Fair, the most renowned personal and corporate financial expo in China. Recognizing the huge potential of the Chinese market and its own ability
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The euro endured a tough start to last week with the EUR/USD dipping to fresh lows below the 1.3500 handle in the wake of the mixed data from Germany’s ZEW survey and disappointing Eurozone manufacturing and services PMIs. The market will be hoping Friday’s Consumer Price Index announcement will be more positive, with analysts predicting
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Better insulation could shave 4% off European industry’s total fuel consumption and emissions bill, a sum worth €3.5 billion a year, says an unpublished report by the Ecofys consultancy. The total cost-effective energy savings potential amounts to 620 petajoules (PJ), the equivalent of 37 million tonnes of CO2 emissions, according to the paper, ‘Climate protection
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