Cyprus's Central Bank forecast that the island's economy would grow 0.4 percent in 2009, lower than government forecasts and marginally higher than those of the European Commission. 'According to these forecasts the real rate of GDP growth in Cyprus is expected to reach 0.4 percent in 2009 and 0.7 percent during 2010,' Governor Athanasios Orphanides
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The central banks of Japan and Australia on Tuesday reported signs of improvement in their economies, but investors were shaken by poor data from Europe and the United States and by an IMF warning that governments have much to do to defend a recovery. U.S. officials said the Obama administration would target critical weaknesses in
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Italian Prime Minister Silvio Berlusconi, meeting with U.S. President Barack Obama on Monday, called for concrete results on financial regulation, climate change and trade at next month's G8 summit of world leaders. Berlusconi, who will host the gathering in Italy, laid out his agenda for the Group of Eight, highlighting food security, reducing carbon dioxide
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The world's biggest emerging market powers will seek to craft a united front on repairing the global financial system when they meet for the first formal BRIC summit on Tuesday. Before the leaders of Brazil, Russia, India and China meet, a summit of the Shanghai Cooperation Organisation (SCO) of Central Asian powers will also underline
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New car registrations in Europe fell for the 13th straight month in May as many companies struggled to move metal without the benefit of cash incentives from governments, industry data published on Tuesday showed. According to data from Brussels-based industry association ACEA published on Tuesday, registrations fell 4.9 percent to 1.27 million vehicles in May,
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The interest for the period 01/01/2009-30/06/2009 on the Convertible Bonds 2013/2018 issued by Bank of Cyprus Public Company Ltd will be paid on 30th June 2009. The record date for those eligible to the interest payment is 22 June 2009, that is investors eligible to the interest payment will be investors registered on the Cyprus
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Cyprus participated with great success in the European Film Festival that took place from 8 May until 4 June in South Africa and in Namibia from 26 May until 12 June with the movie “Honey and Wine” by Marinos Kartikis. An official announcement said Cyprus’ participation took place in the framework of the events organized
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Vice President of the European Commission, Commissioner for Enterprise and Industry, Gunter Verheugen clearly stated that Cyprus accession to the European Union in 2004, with the Cyprus problem unsolved, was not a mistake. At the same time, Verheugen put an end to a debate caused by a statement he made after the referenda in April
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The Ambassador of the Netherlands in Cyprus, H.E. Jan Eric van den Berg, will present a check of EUR 250,000 to the Committee on Missing Persons (CMP) in Cyprus on Thursday 18 June, at 9.30 a.m., in the CMP laboratory, United Nations Protected Area. According to a Committee’s announcement, the three members of the CMP
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President Barack Obama on Wednesday will announce reforms to the way the U.S. financial industry is regulated to prevent a repeat of the turmoil on Wall Street that helped spark an economic meltdown, a White House official said on Monday. "The president will deliver remarks on the economy and discuss his comprehensive plan for new
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