Financial Mirror (Cyprus) - - FRONT PAGE -

cur­rency loans, with the rest com­pris­ing Swiss francs (21%), dol­lars (8.5%) and Ja­panese yen (3%).



The Greek au­thor­i­ties have banned the ac­tiv­i­ties of Galax­ias AEGA, the Greek in­sur­ance sub­sidiary of CSE listed MFS, linked to Lam­bros Ch r is toph i ’s MarkeTrends.



Moody’s has kept Cyprus’ rat­ing out­look and its credit qual­ity rat­ing in for­eign cur­rency at A2 (“medium”), sup­ported by high per capita in­come and a man­age­able debt. For 2006, both the rat­ing agency and the Euro­pean Com­mis­sion ex­pect a fis­cal deficit of 2.8% of GDP and pub­lic debt at 70.4% in 2005 and 69.1% in 2006.

JCC Pay­ment Sys­tems, the bank owned credit card clear­ing monopoly, was fined CYP 373,374 by the Price Com­pe­ti­tion Com­mis­sion for abus­ing its dom­i­nant po­si­tion in the mar­ket and for over­charg­ing clients.

JCC fined:

Ermes Pea­cocks:

The Sha­co­las Group has added the Pea­cocks af­ford­able fam­ily brand to its stable of high-street re­tail stores that now in­clude Ermes, Deben­hams, next and Adam’s.

Com­mu­nist party chief re-elected Gen­eral Sec­re­tary part­ner AKEL, while “Chang­ing Cli­mate Change”.

Demetris Christofias


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Jef­frey Sachs

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