— Cyprus exploration team ready Eastern Mediterranean Resources Public Limited (EMED), with copper exploration prospects in Cyprus, east and central Europe and Asia, listed on the Alternative Investment Market (AIM) on May 9. The AIM listing on AIM, the London Stock Exchange’s market for high-growth international companies, raised GBP 2.25 mln in an initial public
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Cyprus and Egypt are expected to offer joint winter tourism packages in order to attract visitors in the quieter months of the year, while a shipping agreement is also expected to be signed in the coming days. Egyptian Minister of Transport Essam Sharaf said during his visit on Thursday and Friday that it was time
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Turkey could sign the Customs Protocol with the EU in June, three months earlier than the expected signature in September, in a move which is seen as limiting opposition within EU member states to Turkey’s EU entry. When the European Council of EU leaders set a date of October 3 for Turkey’s accession negotitions last
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In May 2005, home selling prices in Cyprus remained at the same level as April 2005, maintaining their accumulated increase of 2.5% since the beginning of the year. The BuySell Home Price Index remained at 109.5 and the Average Home Price at CYP 85,317. The BuySell Home Price Index was created by Dr. Stelios Platis
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Thomson, a subsidiary of TUI, has entered into the Cyprus property market through its own real estate subsidiary, aiming to tap into growing demand for overseas property by UK residents. Thomson, Britain’s biggest tour operator, aims to tap into its 750 strong network of travel outlets in the UK to trade in Cyprus properties and
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OPINION In the spirit of Britain’s declaration this week that “the European Constitution is dead”, is it not time we declared dead the ambitious Strategic Plan for Tourism and focus on the core issues plaguing the industry? After all, it was hotly debated when the previous Commerce Industry and Tourism Minister unveiled the 10 year
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The European Commission has called for the suspension of the signing of the agreement between Hermes Airports JV and the Cyprus Government for the construction and management of the new airports in Larnaca and Paphos. The suspension was based following J&P’s accusations against the Ministry of Communication and Works for subsequently changing the tender terms.
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CYP 575 mln worth of bids chase CYP 260 mln There was a massive stampede for participation during Tuesday’s multiple bond auctions, the first since the Cyprus pound joined ERM2 and after the 0.50% rate reduction, with the long dated bond yields tumbling a whopping 100 basis points while the Central Bank was flooded with
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