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Financial Mirror (Cyprus) - - FRONT PAGE -

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.

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