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All of the 146 Cypriots holidaying in south east Asia hit by Boxing Day’s earthquake and Tsunami had been accounted for, while tens who returned from Thailand’s resorts of Phuket and Koh Samui spoke of the death and devastation that struck the area. The 50,000 Sri Lankan and Asian workers in Cyprus have already mobilised and are collecting money, food and clothes to send home, Cyta slashed all international and mobile call rates to nine affected areas by 50%, NGOs were collecting money and medical aid and a team of three from the Doctors of the World are on their way to Sri Lanka.
US valuations are attractive and euro-area earnings on the benchmark EuroStoxx are expected to rise by 11% in 2015, according to analysts in our Investors’ Quarterly survey, where CLR and Hellenic Bank give their recommendations on building both a defensive and aggressive portfolio in 2005.
The European Council’s requirement that Turkey should extend the customs union to all member states (including Cyprus), by signing the protocol to the Ankara Agreement before October 3, is expected to lead to intense efforts by Turkey in the new year to solve the Cyprus problem, according to Dr James Ker-Lindsay of Civiltas Research and a long-time expert on Turkey.
Foreign Minister George Iacovou has suggested that, if negotiations on the Annan Plan are to resume, one should take the third version as a basis, rather than the fifth and final one.
The Federal Bank of the Middle East (FBME) is entering the market in Tanzania with cardrelated services having set up a subsidiary Tanpay Limited to handle the infrastructure and merchant transactions of some 1,000 POS terminals and 20 ATMs.