…CYP 3.31 bln revenue, CYP 4.06 bln expenditure The Council of Ministers approved the state budget for 2007, that provides for a total revenue of CYP 3.31 billion and for expenditure of CYP 4.06 billion. Minister of Finance Michalis Sarris said that the state budget shows increased revenue by 10,7% and increased expenditures by 1%.
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Xerox, the leading document management solutions company, has strengthened its partnership with its master distributor eSys Technologies of Dubai, with the launch of an attractive promotion for all ABN AMRO credit card customers. ABN AMRO credit card holders purchasing certain models of Xerox printers costing above AED 500 from eSys Technologies’ retail network in Dubai,
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The euro remained stuck in tight ranges near the 1.2800 level against the dollar as market participants moved to the sidelines and as speculative positioning of long euro positions remained at record highs, restricting the upside potential of the currency. The euro has been supported by hawkish ECB comments, the EU commission lifting its growth
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The Board of Directors of Bank of Cyprus Pcl (BOC) unanimously appointed Eleftherios Ioannou as Chairman, at its meeting held in Nicosia on Thursday, September 7, 2006. Following his election at the position of Chairman, Ioannou thanked the exiting Chairman Vassilis G. Rologis, the Vice-Chairman Andreas Artemis, the other members of the Board of Directors,
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A British court has ruled in favour of a British couple who built their retirement home on Greek Cypriot land in the occupied areas to remain on the property on the assumption that British, Cypriot and other EU courts hold no jurisdiction over the north, citing Protocol 10 of Cyprus’ accession treaty with the EU.
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Bank of Cyprus Pcl announced that it will contest a lawsuit filed by the Trustees of the Aremissoft Corporation Liquidating Trust. The Bank denies the content of the law suit and all demands contained therein. Bank of Cyprus has instructed its legal advisers to take all necessary steps for disputing and rejecting all claims made
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Christis Dairies Pcl (CDL) announced that it has secured the contract to supply the UN peacekeeping force now organized for Lebanon. Christis, which for many years has been a steady supplier to the UN forces operating in Cyprus has now also secured additional work to supply the UN force in Lebanon, which eventually will number
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The unemployed persons, registered at the District Labour Offices on the last day of August 2006, reached 12.852 persons compared to 13.117 persons in July 2006, a decrease of 265 persons. The decrease is observed in the sector of education, while an increase of 151 persons was recorded in the sector of public administration, the
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The Consumer Price Index for August 2006 decreased by 0,54 units or 0,53% to 102,07 units compared to 101,53 in July 2006, the Statistics Service said. This is mainly due to increases in the prices of petroleum products, certain fresh fruit and vegetables, potatoes and fresh milk. The rate of increase of the Index and
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