ANCIIAL MII ROR THII
The ambassador of the Netherlands has denied media reports that the direct trade regulation has been abandoned due to Greek Cypriot opposition, while in market news foreign funds are reported to have bought about 1 mln Bank of Cyprus shares through the Athens bourse, the Financial Mirror reported in issue 591, on October 20, 2004.
Max Gevers, the Ambassador of the Netherlands which holds the EU rotating presidency, denied reports by state broadcaster CyBC that member states had given up trying to introduce preferential trade status for Turkish Cypriots through the direct
Cyprus and Lebanon aim tp boost trade and political ties by lifting visa restrictions, the Cyprus Financial Mirror reported in issue 82, on October 26, 1994, while worldwide newsprint price rises of 25% were expected to have a 5-10c impact on local newspapers.
Cyprus and Lebanon agreed to boost relations and trade cooperation following a three-day visit by Foreign Minister Fares Bouez, accomp0anied by a trade delegation. One of the many agreements signed includes scrapping of visas byu Cypriot nationals who can now get one upon arrival at Beirut airport, seeing as
cents. trade regulation, with suggestions that the issue of financial aid had been decoupled.
Foreign funds based in Greece and other European countries are reported to have bought at least 1 mln shares of Bank of Cyprus through the Athens Stock Exchange pushing the stock to EUR 2.41/CYP 1.39, probably due to a favourable climate regarding small banking stocks.
A record 5,500 Cypriots are believed to be currently studying at the universities in the UK, up from 4,000 last year, taking advantage of EU accession and Cypriots paying ‘local’ fees of GBP 1,150 for undergraduate degrees and 3,000 for graduate courses. As of 2006, UK university fees are expected to rise to GBP 3,000.
Tourist arrivals were up 5.6% in September at 303,506 from the year earlier, but lower than the 305,926 seen in August, with the year to date Lebanese nationals already visas at Larnaca airport.
SCA and Modo, the two largest Swedish paper manufacturers announced a 25% increase in continental European newsprint costs by the end of the year, with Cyprus publishers expected to raise cover prices from 30 cents to 35 or 40
Cyprus-based ‘brass plate’ Russian offshore companies have once again been accused of being used by so-called Russian mafia networks to penetrate western financial systems with the object of laundering their illicit cash, the Financial Times reported. The on-transfers are mainly headed to Switzerland, while the break-up of the Soviet Union has brought in its wake a huge flight of capital to the west