Revenue from Value Added Tax in July reached €151.4 mln, marking an increase of 1.4% compared with 149.2 mln in the corresponding month of 2012, the VAT Service announced on Wednesday. The VAT rate is currently 18%. "Taking into consideration the economic crisis, the recession and the sizeable reduction in imports, the increase of the
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The rout in emerging markets gathered pace on Wednesday, extending to the Turkish lira which, with India's rupee, hit new record lows in a sell off prompted by the expected tailing off of extraordinary U.S. money printing. The U.S. Federal Reserve publishes the minutes of its most recent meeting later in the day. Investors are
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The European Central Bank was checking up on how well Greece is meeting its international bailout obligations on Wednesday, a day after Germany's finance minister said a third aid programme would be needed to keep Athens afloat. Joerg Asmussen, a member of the ECB's executive board, was to meet Greece' prime minister, finance minister and
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EU Economic and Monetary Affairs Commissioner Olli Rehn does not rule out Greece needing a third bailout package but the country's lenders have other options to keep its aid programme going, a Finnish newspaper quoted him as saying. German Finance Minister Wolfgang Schaeuble said on Tuesday that Greece will need another bailout, triggering a storm
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This year's Paphos Aphrodite Festival, to be held on September 6, 7 and 8 in front of the medieval castle in the Paphos harbour, will feature the romantic comic opera L’Elisir d’Amore by Italian composer Gaetano Donizetti performed by the Opera Futura Verona and the Cyprus
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Industrial turnover in Cyprus declined to 109.0 units in May recording a decrease of 12.8% year on year, figures released by the Cyprus Statistical Service show. For the period January-May 2013, the index recorded a decrease of 11,1% compared to the same period of the previous year. For Manufacturing, the index for May 2013 reached
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The dialogue between European authorities and the Cyprus Ministry of Communications and Works is in full swing with a view to secure funds for public works projects, according to Minister Tasos Mitsopoulos. Speaking after he was briefed on projects related to the island's motorway network and coastline projects, Mitsopoulos said a project that is considered
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The MetaTrader 5 trading platform has been certified by the Australian Securities Exchange (ASX), passing all necessary tests and meeting all requirements set by the exchange. This means that brokers working on ASX, the eighth largest exchange in the world and the second in the Asia-Pacific region, now have the opportunity to serve clients using
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Marcuard’s Market update by GaveKal Research Asia’s Naked Swimmers Marcuard's Market update by GaveKal Research Yesterday’s news from emerging Asia was bad: the rupee rout continued with a 2.4% fall to a record low of over 63 against the dollar; Indonesia’s stock market suffered a 6% selloff in US dollar terms while the rupiah fell
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The School of Architecture, Land and Environmental Science of the Neapolis University of Paphos, part of the Leptos Group Neapolis Smart EcoCity Project, has undertaken the task to landscape the Gardens of the Theological School of Halki in Constantinople, in view of its forthcoming reopening. The Holy Theological School of Halki is located on the
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