Pharmakas Quarrying, a member of publicly listed A. Panayides Contracting (APC) and Charilaos Apostolides Public Ltd (CHAPO), have jointly acquired the quarrying operations of Hellenic Mining Public Company Ltd (EME) for EUR 13.13 mln in cash. APC is seen consolidating its position in the market by becoming one of the key players in the supply
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Influenza experts began meeting on Tuesday to assess whether the H1N1 flu is still a pandemic or whether the world has moved into a post-pandemic phase, a spokesman for the World Health Organisation (WHO) said. The Emergency Committee will advise the WHO, a United Nations agency, and its Director-General Margaret Chan after reviewing epidemiological data
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BlackBerry users in Saudi Arabia were left guessing for a second time in a week on Tuesday after a deadline to address security concerns about encryption lapsed, but service continued normally. However, manufacturer Research In Motion (RIM) did receive good news from smaller Oman that it does not plan to block BlackBerry services, citing a
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The U.S. Federal Reserve on Tuesday said it would begin funneling proceeds from its maturing mortgage bonds into longer-term government debt in an effort to support a sputtering economic recovery. The Fed, which left benchmark overnight interest rates steady in a zero to 0.25 percent range, also renewed its pledge to keep them low for
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German Bunds opened little changed on Tuesday ahead of the U.S. central bank's policy meeting which could result in some form of stimulus measures to boost the faltering world's biggest economy. At 0607 GMT, the September Bund future <FGBLc1> was up four ticks at 130.07. The two-year Schatz yield <DE2YT=TWEB> was down 0.5 basis points
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Governor of the Central Bank of Cyprus, Athanasios Orphanides, has said that Cyprus is in a better condition than most of its EU partners to implement a fiscal consolidation plan at the moment. In an interview with Reuters, Orphanides expressed hope that a fiscal consolidation plan will be agreed upon and implemented in the next
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President of the Republic Demetris Christofias and Turkish Cypriot leader Dervis Eroglu will hold their last meeting before the summer break on Tuesday, in the framework of the direct negotiations for a solution to the Cyprus issue. The meeting will start at 1000 local time in the UN Protected Area of Nicosia and the leaders
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Chairman of the Council for Reconstruction and Resettlement (CRR) Nicos Mesarites has said that the Council is ready whenever Famagusta is returned to its lawful inhabitants to reconstruct it. In statements to CNA, Mesarites said that “we have drafted a plan which describes the services and the persons in hierarchy of the services who will
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After a brief ray of light in June, when arrivals rose by 5.5%, the number of tourism arrivals was disappointment in July, inching up by only 0.7% over the same period of the previous year to 306,106 in July 2010. The main reason was a drop of 8.8% in the number of arrivals from the
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The Cyprus trade deficit widened to EUR 2.6 bln in January-June 2010, from EUR 2.3 bln in the same period of 2009, according to preliminary estimates for June. Total imports/ arrivals amounted to EUR 547.1 mln. Of this total, EUR 392.4 mln constituted arrivals from other Member States of the EU and EUR 154.7 mln
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