The Contact Group of the European Parliament with the Turkish Cypriot community received an extension of its works from the heads of the Parliament.French MEP Francoise Grossetete of the European People’s Party, who is heading the Group, presented to the presidents of the European Parliament the report of the Group for its works since January
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British High Commissioner to Cyprus Peter Millet dismissed reports on Thursday that after talks with the UN Secretariat, the US State Department and the UK Foreign Office, Britain is ready in April, when it assumes the presidency of the Security Council, to call a meeting on the issue, in order to be briefed on the
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A new drop in inflation was recorded in Cyprus in February, reaching 1.2% compared to 1.4% in January. This is the second lowest inflation rate in the EU after Malta with 0.8%, which allows Cyprus to easily fulfill the relevant criterion for entering the Economic and Monetary Union (EMU).Data released by Eurostat indicates that the
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The Cypriot House of Representatives plenary voted on Thursday in favour of bills for Cyprus’ entry into the Eurozone on 1 January 2008, with 36 votes in favour from the Democratic Rally, the Democratic Party, the European Party, the Social Democrats’ Movement EDEK and the Ecologists and Environmentalists’ Movement, and 15 against from AKEL.The amendments
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Aspis Holdings Pcl (MFS) announced that the shareholders of Universal Life Insurance Public Co. Ltd, who have accepted the Public Offer of Aspis until March 15, 2007 will be able to receive their money from the office of SFS Securities & Financial Services Ltd.All shareholders who will accept the Public Offer from March 16 until
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The Central Bank of Cyprus announced the issue of up to CYP5 mln or EUR 8.6 mln  Government Registered Development Stock (GRDS) with three years duration and interest of 3,75% p.a. payable every six months. The aforesaid GRDS can be acquired by natural persons only. Interest earned on GRDS is exempted from income tax without
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Liberty Life Insurance Pcl (LIB) announced that in order to strengthen the Company for expansion and growth purposes and in order to transfer it to an upgraded CSE Market, the Board of Directors decided to propose to the Extraordinary General Meeting on March 16, 2007 the approval of the issue of additional capital. The proposal
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UK collapses, but other Europe rising  A fairly warm start to the year in Cyprus was not enough to prevent the number of tourist arrivals falling for the seventh month in a row in February, primarily owing to a collapse in the UK market. Tourist arrivals in February fell by 4.6% compared with the
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Nearly two billion euros are sitting in accounts held by the employee provident and pension funds with less than a tenth of that figure managed to yield anything more than the ultraconservative returns of cash in the bank and government bonds. As speakers at a recent seminar on provident and pension funds told a crowd
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The Mozilla Foundation has issued a critical fix designed to address vulnerabilities in a recent security update for the Firefox browser and SeaMonkey application suite, CNET reports. The security flaws were discovered in Firefox 1.5.0.9 and 2.0.0.1, as well as in SeaMonkey 1.0.7. The initial fix, issued in mid-December, was designed to address vulnerabilities in
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