Cyprus President Demetris Christofias will sign a total of seven agreements with Russia during his visit to Moscow in what the government has described as “a very important visit” to Russia that will help strengthen even further existing friendly relations. During the four-day official visit, President Christofias and the President of the Russian Federation Dmitry
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President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat are meeting in Nicosia on Monday, in the framework of direct negotiations held since early September under UN auspices. Their latest meeting was held last Thursday, after which President Christofias said that they discussed the executive power and made steps
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Asian stocks slipped on Monday in choppy trade, despite some buying of Japanese shares by long-term investors, on expectations corporate results will reflect deteriorating economic conditions until at least the second half of 2009. Major European stock markets were expected to open as much as 1 percent lower, according financial bookmakers, while U.S. stock market
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The U.S. economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed. The National Association of Business Economists' poll of 50 professional forecasters released on Monday found that real gross domestic product was expected to
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Japan became the latest major economy to fall into recession Monday with France close behind, and the IMF said it needed at least $100 billion to fight the billowing economic crisis enveloping the world. Meanwhile, the battered auto industry came into focus. The U.S. Senate was to begin debating a bailout later in the day,
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SAP associates Supernova Consulting Ltd., have won the contract to install the SAP Business All in One vertical retail solution for the ESEL-Spolp cooperative retail stores chain. The software solution aims to improve the convergence and upgrade of retail sales procedures, productivity and customer support. ESEL-Spolp has also decided to install and implement the Business
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Qatari officials believe that a price of 70-90 dollars per barrel is a fair price for its crude exports as the cost of extracting oil is very high. Speaking in Nicosia after signing seven bilateral cooperation agreements with Cyprus officials Tuesday, Qatar’s Prime Minister and Minister of Foreign Affairs Sheikh Hamad bin Jassim bin Jabr
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President Demetris Christofias inaugurated the new Paphos Airport on Saturday and said that Cyprus should attract tourists from Russia, Ukraine and other countries in order to avert or minimise the consequences of the international crisis on the tourist industry. Christofias said that after serving the Paphos market for 25 years, the modernisation of the airport
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Jonathan Cohen, Deputy Chief of Mission of the US Embassy in Nicosia, presented awards to 18 Cyprus shipping companies for their assistance in the United States Coast Guard’s voluntary search and rescue programme, AMVER, which is celebrating 50 years of operation. The US diplomat presented the awards at a ceremony that took place at the
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. Dr. Jim Leontiades The CIIM Business School Never was there a president elected with higher hopes, not only from his own country but from the world at large. One observer suggested that American voters had not merely elected a president, "they think he's been elected saviour" The sense of new hope and high expectations
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