Cytrustees Investments (CYTR.CY) has decided that the purchase price of the shares that will be allocated as part of the Dividend Reinvestment Plan for the dividend that was approved by the Annual General Meeting dated April 16, 2008 of EUR0.10 per share has been set at EUR1.19. The days that have been taken into account
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Α Ministerial Committee, dealing with the employment of foreign workers in Cyprus, has taken a series of decisions to improve employment terms and conditions and tackle pending problems. The Committee has decided that foreign housemaids and employment agencies have to contribute to a guarantee, payable for the employment of foreign workers in Cyprus. Announcing the
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The Turnover Volume Index of Retail Trade for the period January – February 2008 is estimated to have recorded an increase of 13,4% compared to the first two months of the previous year. According to the latest data, released here today by the Cyprus Statistical Service (CyStat), the Index in January 2008 decreased by 61.1
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The European Commission has described the introduction of the euro “a resounding success'', noting however that there is still work to be done. On the occasion of the ten years since the establishment of the Economic and Monetary Union (EMU), European Commissioner for Economic and Monetary Affairs Joaquin Almunia has stressed the need to further
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The Bank of England held interest rates at 5.0 percent on Thursday, but most experts predict a cut next month to shore up the economy in the face of a global credit crunch. Only a handful of economists had predicted a move this month so soon after last month's quarter-percentage point reduction — the third
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Venezuela called on fellow Latin American energy producing countries on Wednesday to set up a fund for food aid using windfall oil profits in an effort to give poor nations some relief from soaring prices. President Hugo Chavez will invite regional oil and gas producers Brazil, Mexico, Ecuador and Bolivia as well as Cuba to
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By Steven Scheer By Steven Scheer JERUSALEM, May 8 (Reuters) – A tiny country of 7 million people, with few natural resources and surrounded by enemies, Israel has against the odds built an economy that has achieved global status and growth of 5 percent a year since 2003. A shift to free-market policies in recent
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A member of the Cyprus House of Representatives, Eleni Theocharous, has been appointed Honorary Consul of Kyrgyzstan. The announcement was made during Theocharous’ visit to Kyrgyzstan from 18 to 24 of April, following an invitation by the government of the country. According to a press release issued by the MP’s political office, Kyrgyzstan’s Foreign Minister
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By Fredrik Dahl By Fredrik Dahl TEHRAN, May 8 (Reuters) – "Your account has been blocked because of your address … It's not personal." The bank employee in Brussels sounded almost apologetic when she told me my business was no longer wanted since I live in Iran, which is under tightening U.N. and U.S. sanctions
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Louis Plc released a lower set of FY07 results with bottom line profitability down by 39.9% yoy to EUR 12.9m (CYP 7.5m). Revenues marked a suboptimal increase of 1.4% yoy to EUR 314.7m (CYP 184.2m), whilst EBITDAR was recorded at EUR 56.8m (-23.9% yoy) owing to the elevated expenses associated with short term chartering of
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