The governments of Cyprus and Greece coordinate their efforts in energy issues and in this framework the Energy Ministers of the two countries met Tuesday in Athens to discuss their next steps. Cyprus Energy Minister George Lakkotrypis met with his Greek counterpart Evaggelos Livieratos and according to a statement issued by the Greek Ministry, the
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The Bank of Cyprus (BOCY) acquired a preliminary balance sheet on Monday in what is considered an important step for the bank to exit the consolidation process, following the absorption of the good part of the Cyprus Popular Bank (CPB), which will be wound down. Under a decision by the Eurogroup for a €10 billion
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Nokia has unveiled a lighter, metal model in its Lumia smartphone range, as it tries to catch the eye of buyers to close the huge market lead of rivals Samsung and Apple Inc in the lucrative handset market. The Lumia 925 is the latest in Nokia's range using Microsoft's Windows Phone software and will be
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Paphos – Gatwick route also extended until November 29th 2013 British Airways is launching a new direct service from Larnaca to London Gatwick, expanding travellers’ options from and to Cyprus even more! The Larnaca – Gatwick service will be available 3 times a week, starting from June 30th 2013 and comes as an addition to
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The European Stability Mechanism (ESM) approved Monday the Financial Assistance Facility Agreement and the disbursement of the first tranche of financial assistance to the Republic of Cyprus. The first tranche is transferred in two separate disbursements: the first – of 2 bln euros was transferred Monday, and the second – up to 1 bln to
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President Nicos Anastasiades said on Monday that very soon conditions will permit the lifting of all restrictions imposed on financial transactions. He also stressed that following the appointment of the new Board of Directors at the Bank of Cyprus, its restructuring will soon be completed. Capital controls were imposed on the island’s banking sector following
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Andrei Kostin, chairman and CEO of the Russian state-controlled VTB bank, reportedly told President Nicos Anastasiades on Monday that the Group will maintain its subsidiary in Cyprus, the Russian Commercial Bank. The government news agency CNA quoted RCB sources as saying that the bank’s decision is a vote of confidence in the Cyprus banking system,
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A music video shot aboard the International Space Station went viral on Monday, turning an astronaut into an overnight music sensation with his zero-gravity version of David Bowie's hit "Space Oddity," postedon YouTube http://www.youtube.com/watch?v=KaOC9danxNo . As the first Canadian to command the space station, a $100 mln project of 15 nations, Chris Hadfield had already earned himself
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A new investment club has been formed in London with the aim of becoming active in Greece and Cyprus. The official announcement is expected in the coming summer. The ‘Hellenic Investment Club’s’ founding team consists of investment bankers, private equity professionals, hedge fund managers and venture capitalists. The founder himself is a London financier of
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The potential for further cooperation in the area of health between Cyprus and Israel was discussed between Petros Petrides, Minister of Health and Israel’s Ambassador to Cyprus Michael Harari. Following a meeting here today, Petrides said he had a constructive discussion with Harari, with whom he also talked about the transfer of Israeli doctors to
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