The financial regulation adopted on Wednesday by the European Union Council of Ministers will aid the fight against corruption and help prevent the mismanagement of EU taxpayer money by shining light on the recipients of EU structural funds and agricultural support. “Disclosure of recipients will increase public scrutiny and ensure transparency in the use of
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Emirates has tied up with lastminute.com, the UK‘s largest hotel intermediary which will provide customers access to over 100,000 three- to five-star hotels in 59 countries via the airline’s website. Hotel options will be promoted on emirates.com under the heading “Book a hotel” and will service customers’ global hotel needs across 59 international markets where
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Oracle Technology Network (OTN) announced that it now has more than 5 mln worldwide members, celebrating more than a decade of providing highly productive tools and technologies to the developer community. OTN is a free resource that provides one of the largest and fastest growing communities of developers, architects and database administrators with technology downloads
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French presidential candidate Nikolas Sarkozy has said that Turkey must recognise all 25 members of the European Union and this, he pointed out, is a matter of principle.Speaking to the press on the sidelines of the European People’s Party meeting here today, he said that «Turkey has to recognise all 25 EU member states and
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by Apostolis Zoupaniotis United Nations, Dec 15 (CNA) — The UN Security Council is expected later today to adopt a resolution renewing for a further six-month period the madate of the UN Peace-Keeping Force in Cyprus (UNFICYP). After consultations the 15-member body agreed on the content of the resolution. According to the draft resolution, the
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by Maria Myles Brussels, Dec 15 (CNA) — Cyprus President Tassos Papadopoulos has stressed that the decision to block a negotiating chapter, in Turkey‘s bid to join the European Union, would depend, among other things, on Ankara‘s behaviour as well as on existing circumstances at the time. He also said that there is not sufficient
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Cyprus fulfills all criteria for accession to the Eurozone as of 1st January 2008, Finance Minister Michael Sarris said. Speaking at the budget debate at the House of Representatives, Sarris said that the current situation of the Cyprus economy is one of robustness and of an intense dynamism, while the basic macroeconomic figures present a
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The Inland Revenue Department receipts during the January –October 2006 period advanced by 35% YoY to CYP 682.4 mln, the Ministry of Finance reported. Income tax PAYEE receipts increased by 20% YoY to CYP 173.1 mln, while income tax receipts from self-employed increased by 17% YoY to CYP 21.6 mln. Revenue from Special Contribution for
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Cyprus Trading Corporation Pcl (CTC) in cooperation with N.K Shacolas Group signed an agreement to dispose their participation in the share capital of Christis Dairies Pcl (CDL) to Vivartia SA (Delta Holdings), at CYP 0.29 cent per share in a deal valued at CYP 7.28 mln or EUR 12.6 mln. The total number of shares
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A.L. Pro Choice  Group Pcl (PROP) announced that it decided to submit a Public Offer towards CPI Holdings Pcl (CPIH) shareholders for the acquisition of up to 100% of CPIH’s issued share capital for 3 PROP shares in exchange of 1 CPIH share. CPIH’s closing price as of December 14, 2006 was EUR0.67/share and PROP’s
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