On the basis of preliminary estimates for foreign trade in July 2007, total imports/ arrivals reached CYP 310.0 mln, of which CYP 205.5 mln were arrivals from other member states of EU and CYP 104.8 mln imports from third countries. Total exports/dispatches amounted to CYP 49.0 mln, of which CYP 32.1 mln were dispatches to
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Head of the European Commission Representation in Cyprus Themis Themistocleous said on Friday that the Commission remains fully committed to supporting a resumption of UN-led talks for a comprehensive settlement of the Cyprus problem as soon as possible. Commenting on Turkish media reports that EU representatives, which were not named, had said that EU member
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At the meeting held on Thursday, September 13, 2007, the Board of Directors of Lemeco-Silvex Industries Public Company Ltd discussed and expressed its view on the Public Offer of Aspis Holdings Plc Limited for the acquisition of up to 100% of the share capital of Lemeco-Silvex Industries Public Company Ltd. During the meeting, each Board
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The British pound fell after the Bank of England stepped in to provide emergency funding to U.K. lender Northern Rock Plc, and as thousands of depositors queued outside the group’s 76 branch network to withdraw money. Chancellor Alistair Darling said on Friday he had authorised the Bank of England to provide an unspecified amount of
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Standard & Poor’s Ratings Services said that it lowered its long-term counterparty credit rating on U.K. mortgage bank Northern Rock PLC to ‘A’ from ‘A+’. At the same time, the ‘A-1’ short-term counterparty credit rating was affirmed. The outlook, which we revised to negative on June 27, 2007, remains negative. “The downgrade follows the trading
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The Cyprus Statistical Service has announced the publication of the annual report on distributive trade entitled “Wholesale and Retail Trade Statistics, 2005â€. The report provides comprehensive data on sales, turnover, gross output, expenditure on fixed assets, employment and the contribution of the sector of the distributive trade, to the gross domestic product. The report is
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The ambassadors in Nicosia of the five permanent members of the Security Council met on Wednesday with UN Secretary General’s Special Representative Michael Moller where they reviewed the latest developments on the Cyprus problem, following last week’s meeting between President Tassos Papadopoulos and Turkish Cypriot leader Mehmet Ali Talat. Sources told CNA that during the
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The new image of international shipping is the focal point of the Maritime Cyprus 2007 Conference, to be held in Limassol on September 23-26. This is the tenth conference since the meeting was established in 1989 and according to the organisers the international shipping community awaits it with great anxiety since it is considered one
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Donald Nolan and James Crouse of the Chicago-based Nolan Law Group filed a lawsuit on Monday against The Boeing Company and others for the wrongful deaths of passengers of a Greek Army helicopter that crashed into the Aegean Sea on September 11, 2004, killing all aboard including Petros VII, Patriarch of Alexandria and All Africa.
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The Securities and Exchange Commission has not allowed the publication of the Public Offer Document for the acquisition of CPI Holdings Public Ltd by AL Prochoice, as this has been prepared by the Company’s consultants, since it believes that its content has shortages and does not meet the requirements. The Company will take all necessary
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