Cyprus Gross Domestic Product grew 3.6% YoY in the fourth quarter of 2006 according to Eurostat, while on a quarter-to-quarter basis, the GDP growth rate was 0.7% compared to 0.9% of the EU average. The average EU growth rate in the 4Q was 3.4% while the eurozone growth rate was 3.3% in the fourth quarter.
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Minister of Finance Michalis Sarris said that the in principle approval of the Cyprus Airways restructuring plan by the Directors of the EU Commissioners’ Bureaus was a positive development. The Minister called on all involved, the Cyprus Airways administration, the company’s Board of Directors as well as the CA employees, ”to continue showing the same
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Apollo Investment Fund Public Company Ltd announced that the Board of Directors after approving the final results which showed an improvement in net profits to EUR 16.46 mln have decided to propose to the Annual General Meeting the payment of a dividend of 21.7% on the nominal value of the share (23 cents), that is,
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The CSE Council decided to transfer the titles of Harvest Capital Management Public Ltd, Ishis Investment Public Ltd and Exelixis Investment Public Ltd from the Special Characteristics Market to the Investment Companies and Unifast Finance & Investments Public Company Ltd from the Special Characteristics Market to the Alternative Market. The trading of titles of the
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A&P (Andreou & Paraskevaides) Enterprises Pcl (APE) The Company’s BoD proposed a final dividend to its shareholders for 2006 of 0.90 cent or EUR 1.55 per share. Net profit jumped 35% YoY to CYP 1.68 mln or EUR 2.9 mln in 2006 from CYP 1.25 mln or EUR 2.15 mln in 2005, eventhough turnover remained
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Το Διοικητικό ΣυμβοÏλιο της ΕταιÏείας AQUA SOL HOTELS PUBLIC COMPANY LTD ανακοινώνει ότι Ï€ÏοχώÏησε στις 3/3/2007 στην υπογÏαφή συμφωνίας υποϋπενοικίασης των τουÏιστικών μονάδων ILIADA BEACH HOTEL, ANTIGONI HOTEL & FLORA HOTEL APTS με την εταιÏεία ZEBALOS ENTERPRISES LIMITED, με άμεση Î¹ÏƒÏ‡Ï ÎºÎ±Î¹ μÎχÏι τις 31/12/2013 με ετήσιο ενοίκιο £350,000. Το Διοικητικό ΣυμβοÏλιο της ΕταιÏείας Ï€ÏοχώÏησε
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The European Commission hopes that by the end of the German Presidency (end of June), the EU will extend membership talks with Turkey to four new chapters of the accession negotiations, the European Commission’s Spokeswoman for Enlargement Krisztina Nagy said, adding that the EU Foreign Ministers Council is the competent body for taking any decision
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The World Trade Union Organisation’s European Regional Office issued today a petition demanding the strengthening of the welfare state and the protection of regulated labour throughout the European Union.The Papcyprian Federation of Labour (PEO) hosted today the European Regional Office’s sixth conference in Cyprus, with the participation of 25 delegations from various European countries, as
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A memorandum was signed between Cyprus, the Francophone EU countries (Belgium, France, Luxembourg) and the International Francophone Organisation. The signing of the memorandum took place in the presence of the special envoy of the special envoy of the General Secretary of the International Francophone Organization Stephane Lopez, Ambassadors and Honorary Consuls representing 16 Francophone countries
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The equity market correction is by far not yet complete, indicated by the widening spread between cash and equity market future indices, implying that investors did not get quickly enough out of equity holdings, according to an analysis by BNP Paribas. Substantial financial market leverage makes things worse with the rising yen adding concern of
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