President Tassos Papadopoulos leaves Tuesday for Brussels to participate in a European Union–US summit. On Tuesday afternoon, US President George Bush, prior to his meeting with European Commission Preident Jose Barroso, will meet with the 25 heads of state and sovernment of EU member states, including President Papadopoulos. Parallel to this meeting, EU Foreign Ministers,
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The Statistics Service also announced that total imports/arrivals in Novermber were CYP 263.2 mln, of which CYP 184.3 mln were arrivals from other EU Member States and CYP 78.9 mln imports from Third countries. Total exports/dispatches were CYP 47.8 mln of which CYP 24.4 mln were dispatches to other EU Member States and CYP 23.4
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Equity prices on the Cyprus Stock Exchange (CSE) recovered 1% on Monday as Bank of Cyprus (BOC) shares recovered higher on the ASE and in turn helped the local bourse to remain in positive teritorry for most of the day. The GENX closed 0.9% higher at 87.30 points, the FTSE/CySE 20 large cap was up
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The government has raised CYP 112 mln in revenue from the one-off tax amnesty offer for the declaration of secret amounts until end of December 2002. The Chairman of the Tax Declarations Office Andreas Theophilou told a House Finance Committee briefing that for the week ended February 18, total revenue amounted to CYP 112 mln,
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Cyprus’s hopes for joining the Exchange Rate Mechanism received a boost following the endorsement by the European Commission of the government’s Convergence Program. The Commission said that Cyprus was on track to meeting its budget deficit target of 2.9% for 2005, describing the effort as ambitious but feasible. The Commission also welcomed Cyprus’s commitment to
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