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IKEA: Residential solar panels to go on sale

IKEA, the world's biggest furniture retailer, is to sell solar panels at its British stores, the first time it has offered the devices and marking an attempt to tap growth in the

3rd October 2013
Business

Cyprus Banks may need additional €1.5 billion, says Moody’s

Rating agency Moody`s said on Thursday it maintained its outlook for Cyprus` banking system as negative, noting it estimates that the Cypriot banks will require additional capital of some €1.5 billion due

3rd October 2013
Cyprus

PwC Cyprus sees positive results, revenue up 3.3%

Despite the difficult economic conditions, PwC Cyprus achieved an increase in revenues of 3.3% reaching €77,3 mln for the financial year 2013 which ended on June 30. PwC Cyprus saw strong growth

3rd October 2013
Cyprus

Gulf Air increases flights to Pakistan from 14 to 21 weekly

To meet growing passenger demand Gulf Air, Bahrain’s national carrier, today announced it will increase its flights between Bahrain and the Islamic Republic of Pakistan by 30% from 14 to 21 flights

3rd October 2013
Business

Moody’s keeps Cyprus banking outlook ‘negative’; banks need more

The outlook for the Cyprus banking system remains negative, unchanged since May 2009, and the banks will continue to operate in a highly-stressed environment, with a 12% contraction of GDP expected in

3rd October 2013
Cyprus

Turkey questions its EU future as Brussels looks to Balkans

Turkey has been trying for years to join the European Union, presenting itself as a growing economic and political power and a bridge to Asian and Middle Eastern markets. But the next

3rd October 2013
Business

Dollar on defensive as US government stays shut

The U.S. dollar sagged to eight-month lows on Thursday as the U.S. government shutdown dragged on with no end in sight, though share markets found comfort in expectations major central banks might

3rd October 2013
Business

Cyprus and Noble to announce results of appraisal drilling

The Cyprus government, Noble Energy and its partners Delek Drilling and Avner Oil will simultaneously announce today the official preliminary results of the appraisal drilling for hydrocarbon reserves in block 12 of

3rd October 2013
Cyprus

Natural gas will not be part of Cyprus talks, says President

Cyprus President Nicos Anastasiades has reiterated that natural gas will not be part of any Cyprus problem settlement talks. President Anastasiades was replying to questions during a press conference in which he

3rd October 2013
Cyprus

Golden Dawn boss jailed pending trial, 2 MPs detained

The leader of Greece's far-right Golden Dawn party was sent to jail pending trial on charges of belonging to a criminal group, a court official said on Thursday, the first such action in

3rd October 2013
Cyprus
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