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Operation of three Cyprus semi-sate organisations suspended

The Cabinet decided to suspend the operation of three semi-state organisations, Minister of Agriculture Nicos Kougialis announced Wednesday. The operation of the Cyprus Milk Industry Organization and the Wine Products Council is

6th June 2013
Cyprus

Cyprus unemployed persons reached 44,424 in May, CyStat says

Unemployed persons reached 44,424 persons in May 2013, marking an increase of 10,262 persons compared the May 2012, figures released today by Cyprus Statistical Services show. According to CyStat, the unemployed persons,

6th June 2013
Cyprus

Cyprus President: We are doing everything possible to restart the economy

We are doing everything possible to restart the economy, President Nicos Anastasiades said on Wednesday, adding that he will soon give a press conference to review his government’s term in office until

6th June 2013
Cyprus

Cyprus sees another steep rise in unemployment in May

Registered unemployment rose by a steep 30% over the year earlier in May, having risen by 27.7% in April, according to the latest figures from the Statistical Service, Cystat. The number of

5th June 2013
Cyprus

Hackers access email accounts in Turkish PM Erdogan’s office

Hackers said on Wednesday they had attacked Turkish government systems and obtained confidential details of staff in Prime Minister Tayyip Erdogan's office in support of days of anti-government protest. A source in

5th June 2013
Business

Power companies want help on prices to keep clients in Europe

Europe's squeezed utility firms say they cannot cut prices to stop their big industrial clients moving to the United States, where fuel costs around a quarter as much. Losing the business of

5th June 2013
Business

Carrefour falls as Europe equity pullback deepens

European shares fell on Wednesday, extending a retreat from multi-year highs reached last month, as fresh concerns about a possible tapering in U.S economic stimulus measures hit markets. The pan-European FTSEurofirst 300

5th June 2013
Business

Turks clash with police despite deputy PM’s apology

Protesters clashed with police across Turkey overnight despite an apology for police violence from the deputy prime minister designed to halt an unprecedented wave of protest against Prime Minister Tayyip Erdogan. Pro-government

5th June 2013
Business

Weak euro, high polymer prices weigh on packaging-maker RPC

Plastic-packaging maker RPC Group Plc reported a 5 percent fall in full-year profit as high polymer prices and a weak euro weighed on earnings. RPC, which makes plastic containers, jars and bottles

5th June 2013
Business

Johnson & Johnson recalls Cilest birth control pills

Johnson & Johnson is voluntarily recalling about 32 million packages of its birth control pill Cilest in Europe, Asia and Latin America, a spokeswoman said late on Tuesday, the latest in a

5th June 2013
Business
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Cyprus NPLs drop marginally to €830 mln

Non-performing loans in Cyprus remained almost unchanged at €830 mln

Gold under pressure on inflation, Iraq supplies, Iran crisis

Gold is down 0.7% to near $4,030 in European trading

Burnham should keep Miliband “out of the Treasury”

Markets will breathe a sigh of relief if incoming UK

Soft US CPI data supports sterling, weak dollar

The British pound is up 0.1% at around 1.3403 against

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