Nine people were injured and cars were set on fire by angry residents of Lymbia village, who are protesting the government’s decision to construct a waste disposal plant in their area.Police said that around 500 men, women and even children joined the demonstrations, blocking the Nicosia – Larnaca motorway in both directions, threw rocks onto
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The Industrial Turnover Index (comprising Mining and Quarrying, Manufacturing, Electricity, Gas and Water Supply) for January 2007 reached 120.2 (Base 2000=100), recording an increase of 12.0% over to January 2006. For Manufacturing, the Index for January 2007 reached 111.1, also recording an increase of 12.0% compared with January 2006. Industrial production in the same period
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The Employers and Industrialists Federation (OEV) and the Cyprus Chamber of Commerce & Industry have come to Louis’ defense saying that the holiday, cruise and hotels group has been the victim of unfair reporting by the Greek media, possibly driven by political and other interests. This stance by the media is causing damage to Greece’s
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Moneycorp is continuing its ambitious international expansion with the opening of a new office in Cyprus. The Cyprus property market is proving to be one of the fastest growing property markets within Europe, with people buying homes and real estate for investment purposes. The Cyprus office is Moneycorp’s fourth new overseas office in the last
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Escalating violence and widespread insecurity, combined with a worsening shortage of health workers, is putting severe pressure on the health of the Iraqi population. This pressure increases as people move within the country and into neighbouring countries in search of safer places to live. Every day in 2006, an average of 100 people were killed
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The Cyprus Stock Exchange approved the Public Offer document of SFS Group for the acquisition of a minimum 50% plus 1 share of the issued share capital of Athena Cyprus Public Company Limited. For every share of Athena of nominal value CYP0.25, the Company will offer the Net asset Value per share of Athena as
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The Annual General Meeting of Unigrowth Investments Public Ltd approved a Board proposal for the payment of a dividend of 1 cent per share. The dividend will be paid to the shareholders registered as at April 27, 2007. Pursuant to the CSE Trading Rules, transactions carried out 2 day prior to April 27, 2007, that
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Pharmakas Quarries Limited announced that the Public Offer for the acquisition of a minimum 50% plus 1 share and a maximum 60% of the issued share capital of Unifast Finance and Investments Pubic Company Limited expired successfully on April 12, 2007. The total rate of acceptance stands at 59.22%, that is, 5,915,094 shares of the
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Cyprus‘ contribution budget will reduce by 2 million euro, as out of the 107.4 billion euro EU spending finally decided for 2006, 950 million euro was left unused. According to an EU press release, these funds plus extra revenue will reduce this year’s national contributions to the EU budget by a total of 1,848 million
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Sterling rallied on Monday to its highest level since September 1992 after above-forecast UK producer price data reinforced the view that the Bank of England will raise rates next month to cool inflationary pressures. Sterling’s rise above $1.9917 brings it to its highest level since the UK was ejected from Europe’s Exchange Rate Mechanism, the
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