Archaeological investigations in the past summer featured renewed excavations at the Bronze Age community of Politiko-Troullia, about 25 km southwest of Nicosia in the copper-bearing foothills of the Troodos Mountains, and brought to light a series of households that produced evidence of intensive animal husbandry and crop processing, copper or bronze metallurgy and sophisticated ceramic
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Cyprus has protested to the UN new violations of its airspace and of FIR (Flight Information Region) Nicosia by Turkish fighter jets. An official statement said that in a letter to the UN Secretary General, dated 9 August and circulated on August 16, Charge D’ Affaires of the Permanent Mission of Cyprus to the UN,
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A two-member delegation from Cyprus will participate in the ninth United Nations Conference on the Standardisation of Geographical Names, to be held at United Nations headquarters in New York, from 21 to 30 August 2007. The delegation comprises Prodromos Vassiliou, President of the Permanent Cyprus Committee on the Standardisation of Geographical Names and Committee Secretary
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The status of Turkish Cypriot football clubs will be discussed during a meeting on September 20 in Zurich, between the International Federation of Football Associations (FIFA), the European Union of Football Associations (UEFA), the Cyprus Football Association (CFA) and the Turkish Cypriots.UEFA Vice President and honourary CFA President Marios Lefkaritis told CNA that the aim
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Cyprus President Tassos Papadopoulos and the leader of the Turkish Cypriot community Mehmet Ali Talat will meet on September 5, the UN announced here Tuesday.The meeting, the first to be held since President Papadopoulos and Talat met on 8 July 2006 when a UN-brokered agreement was reached between the two leaders, was decided after a
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Debt issuance by the top 50 European corporate entities continues to rise while overall credit quality remains strong, according to a report published by Standard & Poor’s Ratings Services. The report, titled “Credit Quality Set To Remain Strong For Europe’s Top 50 Corporate Entities, Despite Volatile Markets,” looks at the top 30 industrials, top 10
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Citigroup analysts have upgraded their rating on Greece’s Postal Savings Bank (PSB) to Buy (1H) from Hold (2S) as the expected total return is now over 20%. “We leave our estimates and EUR17 target price unchanged. We reduce our risk rating as the company has disclosed its alternative assets exposure, which looks manageable,†note Citi
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Ermes Department Stores Plc, a member of Shacolas Group and owner of Debenhams, Next, DIY Superhome, Peacocks, Zako, Artview, Fashionlink and others announced that the indicative unaudited consolidated results for the first half of 2007 ended June 30, 2007 are expected to show an improvement compared to the corresponding results of 2006. The biggest shareholder
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Retail sales in Cyprus accelerated in June, according to preliminary data, rising by 10.1% year on year, after revised growth of 6.2% in May. Sales rose strongly in most subcategories, with the exception of food, beverages and tobacco in specialised stores (such as bakeries), where sales declined by 3.2%, after a fall of 7.2% in
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Logicom Plc (LOG), Cyprus’ leading IT and software company with an international presence reported a 17.3% jump in turnover during the first half while net profit were up 6.9% Year-on-Year compared to a year ago. LOG reported total turnover of EUR 155.74 mln (CYP 91.07 mln) in first half of 2007, up 17.3% compared to
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