In its annual report on Egypt, Moody’s Investors Service said the country’s Ba1 foreign currency government bond rating reflects economic growth, diversification, and bold efforts at reform. The local currency government bond rating is Baa3 and carries a negative outlook as the government’s creditworthiness continues to be tested by a weak fiscal position and growing
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Commenting today on the European Consumer Centre Network’s Report on Air passenger complaints handled by their centres in 2006, EU Consumer Commissioner, Meglena Kuneva welcomed the report and congratulated them for this important and comprehensive view of problems encountered by consumers day to day. She said the report is completely in line with what we
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Restrictions, imposed by the illegal regime in occupied Cyprus on Turkish Cypriots, undermine relations between the island’s two communities, the Cyprus Chamber of Commerce and Industry (CCCI) has said.CCCI President Manthos Mavromatis said that from August 2004 to November 2007, the value of sales from Turkish Cypriot businessmen to Greek Cypriot businessmen amounted to nine
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Standard & Poor’s Ratings Services said that its ratings on The Royal Bank of Scotland Group PLC (RBSG; AA-/Negative/A-1+) and related entities are unaffected by statement from the Bank that it may write down up to GBP 1.25 bln because of exposure to bad debts in the US sub-prime loans market. RBSG expects to write
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Cyprus, in its capacity as a European Union member, seems to have gained some leverage for the first time against Turkey, which occupies the country’s northern part, Cyprus’ Permanent Representative to the UN Ambassador Andreas Mavroyiannis has said. Speaking on ”Addressing the Cyprus Question Today: New Content for the Choice of Multilateralism”, at an event
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Georgia has expunged from its ship register the ships that were sailing the illegal route from the closed port of Famagusta in the Turkish occupied areas of Cyprus to the port of Latakia in Syria. According to an official press release, ”after coordinated moves by the Ministry of Foreign Affairs, GeorgIA expunged from its ship
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Ocean Tankers Holdings Pcl (OCT) announced that it has received three more tankers (of the total 8) named M/T “Prodromiâ€, M/T “Green Forest†and M/T “Berengariaâ€. To facilitate the payment of the five tankers, the major shareholders and Chairman of the Company, Michael Ioannides, granted a temporary loan of USD 22 mln. In another development,
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Euro up on hawkish Trichet; yen trips as stocks rise  By Rodian Rahnayev Finotec Analysis Team 07 December 2007    EUR/USD USD/JPY GBP/USD USD/CHF Resistance 1.47451.46751.4650 112.60112.05111.75 2.04052.03702.0310 1.14501.13951.1350 Support 1.45201.44901.4405 111.00110.65110.05 2.02302.01852.0140 1.12651.12251.1160 The euro rose against the dollar and yen on Thursday as European Central Bank President Jean-Claude Trichet’s hawkish
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Cyprus has submitted the largest number of proposals for research to the European Research Institute, in relation to the number of researchers, according to statistics. The majority of proposals came from young academics of the University of Cyprus (UCY).The Rector of the University of Cyprus Stavros Zenios said in an interview with CNA that there
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The CSE Council announced the transfer of the titles of K. Kythreotis Holdings Public Ltd from the Alternative Market to the Parallel Market due to its compliance with the procedure on the transfer to a market with more upgraded criteria, pursuant to Paragraph 2.2.7 of KPD 596/2005.Its titles will start trading in the Parallel Market
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