Piraeus Bank reiterated its goal of reaching the threshold of 9.9% of the capital of Bank of Cyprus, after confirming on the ASE that its total holding until last Friday amounted to 8.19%. Piraeus said in an announcement that as stated in interviews given by the Vice Chairman Michalis Kolakides to Reuters and Bloomberg news
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Having hit 3.13% in May, consumer price inflation eased a tiny bit to 3.02% in June compared with the same month of 2005. The month-on-month inflation rate was 0.13%, compared with 0.09% in May. The Statistical Service reported that month-on-month inflation was mainly the result of increases in the prices of fresh vegetables, certain clothing
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A National Guard helicopter crashed near the south western coastal town of Paphos Wednesday, killing both crew members, a Russian trainer and a Cypriot officer, while on an exercise flight. The Russian-made Mi35 “Alligator” crashed at 09.18 local time (0718 GMT) a few minutes after it took off from its base at Paphos airport, reportedly
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Cypriot Euro MP Yiannakis Kasoulides is updating his trilingual website, www.kasoulides.com, and has called on the public to choose one of the four designs for the site’s new front page. With the aim of providing more comprehensive content, the site will upgrade its news sections that appear in Greek, English and French, while features such
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Republic of Cyprus President and leader of the Greek Cypriot community Tassos Papadopoulos and Turkish Cypriot leader Mehmet Ali Talat met after a gap of more than two years on Monday, with statements afterwards suggesting that the meeting was a success. They discussed the issue of missing persons (missing since intercommunal fighting in 1963-64 and
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Relations may be cool on the surface, but underneath Cyprus and Britain continue day-to-day co-operation. On Monday British Minister of State responsible for Counter Terrorism and the Middle East, Kim Howells, was in Cyprus to discuss issues surrounding terrorism, drugs trafficking and security issues with the Cypriot Minister of Justice and Public Order Sofoklis Sofokleous.
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The Index of Industrial Production for April 2006 reached 102.8 units (Base 2000=100), according to the Statistical Services. For April 2006 the Index recorded a decrease of 6.6% compared to April 2005. For the period January – April 2006 the index recorded a decrease of 2.0% compared to the same period of the previous year.
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