President of the Association of Cyprus Tourist Enterprises (ACTE) Akis Vavlitis has urged all interested parties to work collectively and effectively to revive the tourist industry. Speaking at the Annual General Assembly of the Association in Nicosia, Vavlitis said that during the past decade 3,2 million tourists and 4 billion euros were lost in the
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The public deficit rate will be worse than expected, according to a leaked government memo which the Finance Minister rejected saying Cyprus will meet its target of 4.5% of gross domestic product. "We are confident we will meet our target of a 4.5% deficit or lower," Finance Minister Charilaos Stavrakis said on Wednesday, an improvement
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* Greece says hopes Lisbon package will settle markets * Portugal and Greece talked up the benefits of Lisbon's decision to accept a 78-bln-euro bailout from the European Union and IMF on Wednesday, but the outlook for both countries and Ireland remains highly uncertain. Portugal's caretaker Prime Minister Jose Socrates announced late on Tuesday he
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We all know chocolate tastes good, but did you know it has emotional and physical benefits as well? Recently there have been many studies on the effects of chocolate and it has been shown that by liberating endorphins, chocolate can provide us with a sense of well being as well as energy and pleasure.
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President of the Republic Demetris Christofias said on Wednesday that the tourism sector was a top priority for the government and assured that ''the development and progress of tourism is a strategic goal, to which, with the collective efforts and substantive contribution of everyone, we will continue to respond with success.'' Addressing the Annual General
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– Mysterious neighbours – Children never came out to play – Life may never be the same in Abbottabad The children in the white mansion with closed circuit cameras in Abbottabad never came out to play. Only now, after a stunning U.S. assault that killed Osama bin Laden in the small, tranquil Pakistani city and
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Manchester United are favourites to book a Champions League final date with Barcelona and will hope to expend the minimum amount of energy against Schalke 04 on Wednesday before this week's big domestic battle. Holding a 2-0 lead from the first leg in Germany, United will make changes to keep players fresh for Sunday's key
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The wedding of Prince William and Kate Middleton is being credited with rekindling the loyalty of New Zealand, the likely future king's most distant realm. A survey released on Wednesday showed approval of the British royal family had risen to 74 percent after the wedding, compared with 60 percent when the question was last asked
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Asian shares fell on Wednesday, led by Chinese markets, with soft commodity prices making investors nervous a broader pullback in risk taking may be unfolding. This week's 14 percent plunge in silver prices and a lower-than-forecast manufacturing growth reading in China have made investors nervous about holding big bets ahead of the European Central Bank
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An influential member of Germany's governing coalition backed the possibility on Tuesday of easing the terms of Greece's euro zone bailout, a move that might help Athens better weather the debt crisis. Michael Meister, deputy parliamentary leader of Chancellor Angela Merkel's Christian Democrats, said he saw logic in extending the repayment schedule for the 110
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