Minister of Foreign Affairs Marcos Kyprianou said his Ministry would be intensifying its actions in 2010 to prepare for the EU presidency in 2012. Presenting his Ministry's budget before the House of Representatives' Committee of Finance, Kyprianou said the most important activities of the Ministry of Foreign Affairs have to do with ''the promotion of
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Google Inc said on Monday that it was acquiring of AdMob, one of the largest mobile advertising networks, for $750 million, widening its bet that cell phone advertising could become the Internet's next-big money maker. Google's agreement to buy AdMob in an all-stock deal would give it a key asset as it seeks to extend
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The new Larnaka International Airport came into operation on Tuesday, welcoming its first passengers. Operations at the new Larnaka Airport start with flights of Cyprus Airways and Easyjet exclusively. The other airlines will transfer their arrivals and departures to the new Terminal by 17 November The first Cyprus Airways flight arrived at 0725 (0525 GMT)
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Asian stocks rose on Tuesday after U.S. equities hit a 13-month high, while central banks intervened to curb Asian currencies as funds flowed into riskier assets on expectations economic stimulus measures will continue. Markets were buoyed by a 2 percent jump in the Dow Jones on Monday. Analysts said investors were encouraged by G20 finance
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The Statistical Service revised up its estimate for the size of the Cypriot economy on Monday, estimating gross domestic product (GDP) in 2008 at EUR 17,247.8 mln, compared with an initial estimate of EUR 16,948.5 mln made in March 2009. GDP in 2007 was revised up to EUR 15,879.1 mln, from an earlier figure of
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Deflation in Cyprus eased in October as consumer prices fell by only 0.8% compared with the same month of the previous year, having dropped by 1.2% year on year in September. Compared with the previous month, consumer prices rose by 1.3% in October, which the Statistical Service said was mainly owing to increases in the
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The deficit of Cyprus’ trade balance marked a decrease of 1,25 billion euro during the first ninth months of 2009, compared to the same period in 2008, according to preliminary estimations of the Statistical Service of the Republic of Cyprus. According to the preliminary estimates for Foreign Trade in September 2009, total imports/ arrivals were
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Cyprus Gross Domestic Product (GDP) for 2008 is expected to reach 17.247,8 million Euro at current prices from 15.879,1 million Euro in 2007, according to estimations of the Statistical Service of the Republic of Cyprus. At constant prices of 2005, GDP is estimated to reach 15.269,9 million Euro in 2008 from 14.736,7 million Euro in
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Cyprus Harmonised Index of Consumer Price for October 2009 was negative for the fourth month in a row, according to the data issued today by the Statistical Service of the Republic of Cyprus. The rate of inflation for October 2009 was -1.0%, compared to -1.2% in September 2009. A year earlier, September 2008, the rate
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The number of building permits authorized by the municipal authorities and the district administration offices during August 2009 stood at 578, according to the Statistical Service of the Republic of Cyprus. The total value of these permits reached 153.8 million Euro and the total area 176,6 thousand square metres. These building permits provide for the
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