Hermes Airports Ltd announced the appointment of Yanis Papastefanou as General Manager, Larnaka International Airport, effective Friday 16 May 2008, succeeding Curtis Grad, who is taking up a new role in Jordan as CEO of Queen Alia International Airport, Amman. Papastefanou brings with him an excellent operational knowledge base and extensive international aviation experience, having
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Foreign direct investment in Cyprus reached 1.5 billion euro in 2007, compared to 1.2 billion in 2006, according to data provided by Eurostat. Eurostat data show that 1.2 billion Euro came from extra-EU27 countries, while 300 million euro from third countries, including 100 million Euro from Russia. The figures presented are based on data received
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Cyprus Finance Minister Charilaos Stavrakis said that Ukrainian officials assured him that there is no intention of including Cyprus in the country’s tax black list. He added that Ukraine and Cyprus would sign an agreement to avoid double taxation for the benefit of both countries. Stavrakis made the statement after his return from Kiev where
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Intersport, a member of the Fourlis Group is planning the expansion of stores reaching 50-60 in Greece, Cyprus, Romania and Bulgaria. The Group plans to open 3-5 stores in Cyprus from 1 currently in operation. The expansion drive is in line with the expansion strategy already communicated by the Fourlis group, calling also for 50-60
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The number of Cyprus property deals concluded by foreigners fell 11.7% Year-on-Year in the first quarter of 2008 to 446 from 505 in the same period in 2007 according to the Cyprus Land Registry. The decline was in tandem with a 20% decline in the total of property deals concluded in the first quarter, which
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In 2007, EU27 FDI1 (foreign direct investment) in extra-EU27 countries (outflows) rose by 53%, from 275 bln euro in 2006 to 420 bln in 2007, while FDI into the EU27 from the rest of the world (inflows) increased by 89%, from 169 bln to 319 bln. In 2007, intra-EU272 FDI flows rose by 13% compared
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An analysis of recent data released by the European Commission today shows a still solid overall performance in the EU labour market, although the pace of improvement appears to be slowing. By the fourth quarter of 2007, total employment had increased by 3.3 mln from a year earlier to reach 224.5 mln, while unemployment had
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The end of the credit crisis is getting closer and the U.S. real estate market should recover in the second half of the year, Deutsche Bank chief executive Josef Ackermann said in a newspaper interview. "I think that we are getting closer to the end of the financial crisis," Ackermann told the Swiss Sunday newspaper
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Combines Equities and Commodities Standard & Poor’s, the world’s leading index provider, announced the launch of the first index to offer exposure to both equities and commodities across the entire agribusiness industry. The newly-launched S&P Global Agribusiness Composite Index incorporates the new S&P Global Agribusiness Index and the existing S&P GSCI Agriculture and Livestock Index,
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The Central Bank of Cyprus, acting under section 8 of the Banking Law (Law 66(I) of 1997 as subsequently amended), granted on 14 May 2008 an approval to Atlasmont Banka A.D. of Montenegro for the establishment of a Representative Office in Cyprus. Atlasmont Banka A.D. of Montenegro operates as a commercial bank since 2002, with
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