One could not have planned better for the announcement of the island’s three colleges being declared universities to coincide with the EU and southern Mediterranean finance ministers’ meeting who set a target for growth and jobs creation. Both decisions are a milestone in the development of Cyprus into a truly proactive services-oriented economy that will
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By Stavroula Kousiappa  Credit Bureaus have been described as the backbone of successful credit economies. Their emergence dates back to the beginning of the 20th century in the United States and Canada, even though there is information that the first credit bureaus were traced previously in the early 1800s in London. Of course, through
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THE RISK WATCH COLUMN: By Dr Alan Waring  Guiding Principles  Good corporate governance aims to protect the interests of shareholders and other stakeholders. National corporate governance codes seek to: Strengthen the supervisory role of the Board of Directors Protect the interests of minority shareholders Ensure transparency and prompt information to board members and
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World Trade Centers Holdings Cyprus Ltd, licensee of 15 World Trade Centers in Cyprus, Middle East and North Africa, concluded an exclusive agreement with TradeCard Inc. on September 6, to introduce the secure procurement-to-payment platform in Cyprus and 22 countries in the Middle East, North Africa and Near East. The agreement was concluded in New
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— Structural weaknesses on the mend, says Moody’sMoody’s sees positive rating pressure on Russian bank in the near- to medium-term driven by favourable macroeconomic environment in Russia, ongoing institutional reforms in the banking sector, diversification of activities and improving financial fundamentals. At the same time, Moody’s notes that ratings will continue to be constrained by
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Preparations are underway for the 2009 Small States of Europe Games, which will be held in Cyprus. The Cyprus Olympic Committee (COC) has announced that the organising committee of the 2009 Games has been in contact with the federations to participate in the Games, in order secure the successful hosting of the event. ”The aim
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President of the Cyprus Football Association (CFA) Costakis Koutsokoumnis has expressed satisfaction with the results of Thursday’s meeting in Zurich between CFA, FIFA, UEFA and representatives of the Turkish Cypriots, regarding the status of Turkish Cypriot football clubs. Koutsokoumnis told CNA that FIFA clarified at the meeting that the only thing that could apply was
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The price index of construction materials 2007 reached 140.51 (base year 2000=100) in August, recording an increase of 0.62% over the previous month. For the period January – August 2007, the index recorded an increase of 5.0% over the corresponding period of the previous year.
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The Vice President of the European Commission and Commissioner for Transport, Jacques Barrot, arrives in Cyprus late Saturday to attend and address the Maritime Cyprus conference to be held in Limassol. According to the European Commission Representation in Cyprus, Commissioner Barrot will have a meeting on Sunday with the Minister of Communications and Works, Ms.
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The Legal Services and Land Registry Office are to prepare a bill that would improve procedures for land purchases in an effort to close numerous loopholes in the system that lead to price distortions and other manipulations. House Legal Affairs Committee Chairman Ionas Nicolaou of DISY said that maybe as many as 90 percent of
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