Cyprus and its international lenders have agreed to convert 47.5% of deposits exceeding 100,000 euros in Bank of Cyprus to equity to recapitalize the bank. Deputy Government Spokesman Victoras Papadopoulos said on
The European Business Awards (www.bussinessawardsEurope.com) has announced that Medochemie Ltd is to represent Cyprus as a National Champion in the prestigious 2013/14 Awards programme in the category “Imports/Exports Award”, Medochemie Ltd beat
The number of investors who think a country will leave the euro zone soon has dropped by two thirds in the year since the head of the bloc's central bank promised to
Emirates, one of the world’s fastest growing airlines, has been awarded ‘Best Airline Food and Wine’ by the readers of Frequent Business Traveler (www.frequentbusinesstraveler.com), an online publication written for and by affluent
A proposed mega-merger between global ad agencies Publicis and Omnicom could bring rival accounts such as Coca-Cola and PepsiCo under one firm, underscoring the scale of the $35.1 billion deal and the
Cutbacks by rivals and extra charges for choosing seats helped low-cost airline Ryanair meet forecasts with profit of 78 million euros ($103 million) in the three months to June, the Irish airline
Struggling cafe owner Julie Mangan rolls her eyes at talk of packed restaurants and queues for house viewings in Dublin as proof that Ireland's battered economy is finally on the mend. With
At least 36 people died after a coach plunged more than 15 metres (49 feet) off a viaduct in southern Italy on Sunday, a spokesman for the fire service said. Eleven people
Despite a flurry of reports over the weekend, no agreement seems to have been reached on the rate of the haircut on Bank of Cyprus deposits exceeding 100,000 euros, with reports ranging
The outlook for the European tobacco industry will remain stable over the next 12-18 months, reflecting an expected slowing of operating profit growth to around 4.5%-5.5% versus the previous expectation of 7%
