. “Saving energy is a science, not magic”, according to Dr Alex Mardapittas, Managing Director of Energy Management Systems (EMS), during a recent presentation of the company’s activities to the Cyprus Hoteliers Association. In his presentation, Dr Mardapittas explained the reasons why voltage reduction is necessary: “Electricity suppliers are required to provide an average voltage
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President Demetris Christofias paid host to his Indian counterpart, Pratibha Devisingh Patil, on Saturday, where apart from the political issues and international relations, high on the agenda of talks were bilateral trade and investments. The Indian president, accompanied by her Minister for Human Resource Development, D. Purandeswari, and a large business delegation, described her meeting
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The first Cyprus economic forum on “The World Economic Crisis and Tomorrow” was held in Limassol last week where the speakers analysed topics concerning the economic environment, when the world financial crisis is anticipated to end, the effect that the crisis has upon new E.U. members, the subsequent steps of state economies as well as
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The Ministry of Education and Culture of Cyprus and Microsoft have signed an agreement to implement a programme entitled “Partners in learning” that aims to further promote the use of the information and communication technology (ICT) in state schools. Since 2003, 112 countries are participating in the programme and more than 170 mln students and
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The Cyprus Town Planning Authority has scheduled a hearing for the end of November where two golf course developers are expected to argue their case for new 18-hole courses and water desalination plants. Dimis Karapatakis, the unsuccessful third bidder for the new Larnaca marina and port, hopes to develop his MedGolf Properties project in Tersefanou
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The CheesEU campaign of the EU-funded Cyprus Association for the Promotion of Dairy Products has significantly increased sales of halloumi cheese in the U.S. as it is selling out faster than being imported. “The goal of the CheesEU campaign is to assist our partners in the US food industry at the retail level to increase
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Former United Nations Secretary General Boutros Boutros Ghali said that he was “very much impressed” by the political will of President Demetris Christofias to promote the peace process and to find a solution to the Cyprus problem. In his statements to the press after being received at the Presidential Palace, Boutros Ghali said Christofias has
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The U.S. unemployment rate unexpectedly jumped to 10.2 percent in October, breaching the politically sensitive double-digit barrier for the first time in 26-1/2 years, even though the pace of job losses slowed. A Labor Department report showed on Friday that employers cut 190,000 jobs last month, more than the 175,000 markets had expected. Economists had
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Global stocks and commodities retreated on Friday while the dollar gained and gold hit a record high after U.S. unemployment losses came in much higher than forecast, a blow to optimism on the economic outlook. U.S. employers cut a more-than-expected 190,000 jobs in October and the jobless rate soared to 10.2 percent, the highest since
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The growth in unemployment numbers in Cyprus accelerated in October, as the number of registered unemployed rose by 72.9% compared with October 2008 to reach 17,263. In September, unemployment had risen by 70.7% and in August it had risen by 64.7%. The main sectors affected were construction (an increase of 2,067), retail and wholesale trade
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