Industry spent CYP 21.3 mln on environmental protection activities in 2004, according to the Statistical Service CYSTAT, or 0.29% of GDP, a significant rise from the CYP 15.5 mln pounds or 0.23% of GDP spent in 2003. This rise is to a large extent attributed to the increased capital expenditures of the state-owned electricity provider,
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Website visiteurope.com The European Commission has tabled a proposal to improve the competitiveness of the tourism industry, and has launched a new website aimed at non-European visitors called www.visiteurope.com The European tourism industry is growing rapidly, thanks to globalisation, demographic changes and the evolution in transport and around 4% of the EU labour force is
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The Central Bank governor Christodoulos Christodoulou briefed representatives of the 18 local and foreign banks in Cyprus on Tuesday on the new capital requirements directive that will come into force on January 1, 2007. Rules for commercial banks are undergoing a series of changes that will affect corporate governance and assessment of risk. The Capital
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Wake-up call for Cypriot companies Cypriot companies that apply corporate governance in practice as well as in theory should get cheaper finance, have better access to institutional investors and enjoy a higher share price, especially once the common trading platform with the Athens Stock Exchange takes off. These are some of the main conclusions one
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After years of Cyprus attracting only a certain brand of Brit who spends little and moans a lot (judging by last weekend’s encounters), Cyprus has finally entered the upmarket leagues, with an appearance in the Financial Times House & Home supplement. The “FT”, which is standard reading for highly paid bankers, lawyers, accountants and other
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Parliament adds “capacity for absorption” and “geographical issues” to considerations over EU expansion Brussels – Noting the slowing pace of reform in Turkey, the European Parliament has called upon the Turkish government to take immediate steps to ends its discriminatory and repressive policies. In its recently adopted resolution on the “Commission’s 2005 Enlargement Strategy Report,”
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Cytamobile-Vodafone is expected to launch its Vodafone Mobile Connect card for notebook PC users who are on the move. The package contains a PCMCIA card, a SIM data card and custom software in order to enjoy fast, reliable and high-speed wireless connections to the internet, e-mail and corporate networks by hooking up to Cytamobile-Vodafone’s GPRS
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Neapolis to inject millions into Paphos Plans by the Leptos Group to invest CYP 550 mln to develop 1,100 donums (decares) of land in the Paphos Yeroskipou area, similar to the successful business model adopted by Dubai, is meeting opposition from rival property developers and the Green Party, but should sail through once people realise
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