Cypriots’ new love affair with travel shows no sign of abating with the number of trips abroad recording a rise of 19.3% in July. On the basis of the results of the Passengers’ Survey, 121,708 residents of Cyprus returned from a trip abroad in July 2007 compared with 102,040 in the corresponding month of 2006.
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Residential property prices rose month on month by 0.6% in August 2007,according to the hedonic BuySell Home Price Index. The BuySell Home Price Index reached 129.79 (+8.5% year-on-year) increasing the Average Home Price in Cyprus according to the index to CYP 101,119 (EUR 172,772). Home prices in Cyprus have thus continued to rise for an
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Turkey’s long-term designs and Ankara’s intransigence bear the exclusive responsibility for the absence of a political settlement in Cyprus, President Tassos Papadopoulos has said, pointing out that the Turkish Cypriots also have a share of responsibility for the lack of a solution. Speaking at a televised interview on Tuesday night, he dismissed any suggestion of
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As of this academic year, the University of Cyprus will be hosting a European Centre of Excellence, which aims at promoting research and education in European integration matters. A University of Cyprus press release says that the European Centre of Excellence, founded as part of the EU Jean Monnet programme, ”will be studying European institutions
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The cost of rebuilding a Greek village, destroyed by the recent fires, is estimated to reach 14 million euro, a Cyprus ministerial committee has said. The committee was set up to deal with all the practical issues deriving from a government decision to undertake the cost of rebuilding the Greek village of Artemida, struck by
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The Barnet Council unanimously approved a motion Tuesday evening, requesting the Chief Executive of the Council to write to British Prime Minister Gordon Brown, asking him to urgently reconsider his decision to appoint Joan Ryan as Special Envoy for Cyprus, in view of her recently publicized Turkish Cypriot connections. The motion, tabled by the Conservative
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Dolphin Capital Atlantis Limited has applied to the Cyprus Securities and Exchange Commission for permission to ‘squeeze out’ the remaining shareholders of Aristo Developers Plc.Further to the acquisition of 98.74% of the share capital of Aristo Developers Plc via a Public Offer, Dolphin Capital Atlantis Limited announces that pursuant to the provisions of article 36
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Increasing M&A activity among banks in the Gulf region and development of the real estate sector will be key drivers of Gulf banks’ growth as well as raising risks, says Standard & Poor’s in a report published today, “M&A And Real Estate Drive Gulf Banks’ Future Growth And Risks.”Gulf banks have started to explore new
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The CSE Council announced it has accepted the listing of 9,224,093 ordinary shares of Alkis H. Hadjikyriakos (Frou Frou Biscuits) Public Ltd, which have resulted from the enforcement of the Loyalty Shareholders Scheme to investors who held all the first-issue shares until June 30, 2007. It is noted that the above shares will be incorporated
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The CSE Council decided to transfer the titles of “Universal Bank Public Ltd†from the Parallel Market to the Special Characteristics Market pursuant to Provision 2.2.3 (a) of KPD 596/2005, which concerns the failure to meet the constant obligations of the Market in which the company is listed, especially the rate of dispersion to the
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