Minister of Health, Christos Patsalides addressed today the opening ceremony of a workshop on “The experiences of the Ministry of Health of the Republic of Slovenia” during the Slove....

The European Central Bank held interest rates at a record low on Thursday and is expected to keep its liquidity safety-net for banks in place as well amid a lopsided recovery and worries about vulnera....

Missing their coach and the world's most expensive player, Portugal's seemingly straight-forward Euro 2012 qualifier at home against Cyprus on Friday has turned into a possible pitfall. Cr....

Greek bourse lifts short-selling ban

Greece lifted a ban on short-selling shares on Wednesday, returning the market to normal after the havoc of the debt crisis, a move expected to bring back short-term traders and boost thin trading vol....

Cup of tea forces Ryanair to make emergency landing

A British airplane en route to Poland was forced to make an emergency landing in Germany after a 56-year-old woman spilled a hot cup of tea on herself, German police said on Wednesday. The Ryanair f....

Greece's Vivartia buys rival Mevgal to cope with recession

Greece's largest food group, Vivartia, has agreed to take control of rival dairy firm Mevgal as part of efforts to cope with a consumer slump in the recession-plagued, cash-strapped country. Th....

Greece's Intralot H1 profit down on tax hit

Intralot, the world's second-largest lottery systems provider, on Tuesday reported a 39.8% drop in first-half net profit, hurt by a levy Greece imposed on large firms to boost ailing finances. ....

Alpha Bank H1 profit falls 82%, beats forecast

Alpha Bank, Greece's third-largest lender, said on Tuesday first-half net profit fell 82.2% year-on-year, hit by a one-off tax, higher provisions and weaker loan growth as the recession deepened.....

Bank of Cyprus H1 profits up 10%, interim dividend 6 cents

Bank of Cyprus, the country's largest lender said first- half net profit rose 10 percent to EUR163 mln. Group net interest income rose to EUR496 mln, up 28 percent on the first half of 2009. The ....

Hellenic Bank Cyprus profits improve to EUR 11.1 mln in 1H'10

Hellenic Bank Public Company Ltd (HB) reported that first half 2010 net profits attributed to shareholders increased to EUR 11.1 mln from EUR 2.06 mln a year ago but below analyst expectations. Impr....

"Kingmakers" make new demands in Australia deadlock

Australia's political gridlock was no closer to a resolution that would provide market certainty on Monday after "kingmaker" independent MPs unveiled new demands as the price for their ....

Cyprus industrial turnover rises 5.6% y/y in May

Industrial turnover grew fairly strongly in May, as the Industrial Turnover Index rose by 5.6% compared with May 2009. However, the manufacturing turnover the index for May 2010 was the same level a....

Cyprus wine festival opens in Limassol on Friday

The 49th Wine Festival, held annually in the southern coastal town of Limassol, the main winegrowing region of Cyprus, will open its doors on Friday. The Wine Festival, to last until September 5, is....

Cyprus revenue rises faster than expenditure in Q2

Government revenue rose faster than expenditure in the second quarter of 2010, according to preliminary data on the General Government accounts for the period April-June 2010. Total revenue amounted....

Travel abroad accelerates y/y in July

More people travelled abroad in July 2010 than in July 2009, according to the results of the Passengers Survey published by the Statistical Service Cystat. The survey showed that 138,801 residents o....

Cyprus economic sentiment up 2 pts

Cyprus business sentiment improved in August in line with an increase in economic sentiment, a survey showed on Tuesday. The economic sentiment indicator (ESI) rose 2 points to 73 units in August co....