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Cyprus News Agency: News in English, 09-07-28
CONTENTS
[01] FINANCE MINISTRY - CIPA - FOREIGN DIRECT INVESTMENT
[02] RAZIS - CYPRUS - CERN
[01] FINANCE MINISTRY - CIPA - FOREIGN DIRECT INVESTMENT
Cypriot Finance Ministry and Cyprus Investment Promotion Agency (CIPA)
agreed to formulate an action plan to solve procedural issues
considered to hinder foreign direct investment in Cyprus, Cyprus
Finance Minister Charilaos Stavrakis said on Tuesday.
CIPA Vice Chairman Christos Mavrellis said that among other factors,
which act as a hindrance to FDI in Cyprus, are the delays in the
issuing of title deeds, and the employment of foreign labour. However,
Mavrellis stressed that lending interest rates must be reduced because
high lending rates obstruct development and investments.
[02] RAZIS - CYPRUS - CERN
Cyprus has submitted an application to become a full member of CERN,
the worlds largest particle physics laboratory, which is situated in
the northwest suburbs of Geneva on the Franco-Swiss border.
The scientific community of Cyprus deems that the benefits from Cyprus
full CERN membership will be huge, since the knowhow and the knowledge
of CERN will be applied in various areas in Cyprus as well.
In an interview with CNA, Professor of Physics at the University of
Cyprus, Panos Razis, talked about the importance of Cyprus membership
to CERN, as well as the re-launch of the world famous experiment in
CERN, with the first attempt to circulate a beam in the Large Hadron
Collider (LHC) that would offer a series of data for understanding the
law of nature right after the Big Bang that created the universe 13.7
billion years ago.
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