Government Spokesman Vassilis Palmas said on Monday that it would be wrong for President Tassos Papadopoulos to refuse to meet with Turkish Cypriot leader Mehmet Ali Talat, before February’s presidential elections. ”If and when Mr. Talat is ready to discuss, prior to the presidential elections of next February, the promotion of the July agreement, he
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Nearly 1 million passengers have traveled through Cyprus’ two airports, at Larnaka and Paphos, in August 2007, recording an 8.35% increase on August 2006, said a press release issued by Hermes Airports Ltd, the company which has taken over Larnaka and Pafos airports, with the BOT (Build Operate and Transfer) method. According to the press
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Cyprus Commerce, Industry and Tourism Minister Antonis Michaelides will pay a three day official visit to Moldova, at the invitation of its Minister of Economy and Commerce Igor Dodon. Michaelides, who leaves for Moldova Tuesday, will have a meeting with Prime Minister Vasile Tarlev. During his meetings with Dodon and the Ministers of Industry and
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Options Cassoulides Plc (OPT) subsidiary, Choice Medical Communication Ltd, which operates in London and provides pharmaceutical services agreed to acquire 100% of the share capital of E.M.A.S. (European Medical Advisory Services), which also operates in the pharmaceuticals industry. The acquisition will be realised following the concession of 33% of Choice Medical Communication Ltd share capital
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The Board of Directors of Avacom Net Public Company Limited (ANS) decided at a meeting held on September 10 to proceed with the acquisition of 100% of the share capital of DYNA IT, registered in Riga – Latvia against the sum of EUR900,000. The price will be paid off with the submission of EUR60,000 cash
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Sea Star Capital Plc (SEAS- formerly MEGABET) announced that the Cyprus Securities and Exchange Commission approved the Prospectus on the issue and listing of shares and Rights, which has been prepared pursuant to the Public Offering and Prospectus Law 2005 on 10 September 2007. The Prospectus concerns the listing to the CSE of 384,615,384 ordinary
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The Governor of the Cyprus Central Bank Athanasios Orphanides has defended the Central Bank’s decision to increase the margin requirement on loans for property purchases in Cyprus, which aims to improve the risk profile of the bank loan portfolios as well as curtail the rapid growth in property loans and prices. During the last two
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Broadband subscriptions exceed 50% of the total in 2006, according to the latest figures of the Statistical Service. Mobile subscriptions are more than 100%, reaching 1,115 per 1,000 inhabitants in 2006, compared to 1,021 in 2005 and 584 in 2002. The number of analogue telephone lines per 1,000 inhabitants decreased from 524 in 2005 to
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The European Commission adopted the fifth update of the Community’s list of airlines banned in the European Union; this was first drawn up in March 2006 and last amended in July. The new list replaces the previous one and can already be consulted on the Commission’s website. With this update the Commission is banning in
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…with downward risks increasing Based on an update for the seven largest Member States in the European Union, the Commission forecasts economic growth in 2007 at 2.8% in the EU and 2.5% in the euro area. This represents a downward revision of 0.1 percentage points (pp) compared with the spring forecast. European growth is expected
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