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Cyprus earns 100 mln from Total for natgas Blocks 10, 11

French company Total was granted hydrocarbon exploration licenses in Cyprus’ Exclusive Economic Zone (EEZ) blocks 10 and 11, after signing two production sharing contracts with the Ministry of Commerce, Industry and Tourism

7th February 2013
Cyprus

Modigliani portrait fetches $42 mln at auction

A portrait of Jeanne Hebuterne painted by Italian artist Amedeo Modigliani a year before his death in 1920 sold on Wednesday for 26.9 million pounds ($42.3 million), above the high estimate set

7th February 2013
Business

Major nuclear accident would cost France $580 bln

A nuclear accident similar to the one at Japan's Fukushima reactor would cost France about 430 billion euros ($580 billion), or 20 percent of its economic output, French nuclear safety institute IRSN

7th February 2013
Business

Vodafone sales hit as weakness spreads across Europe

Trading at Vodafone worsened in the third quarter as customers in previously robust northern Europe joined those in the south by cutting back from using their phones, adding impetus to the British

7th February 2013
Business

Spain scandal, weak economy push up yields at triple auction

Political uncertainty over a corruption scandal and revived concerns over the economic health of the euro zone forced the Spanish Treasury to pay more to borrow at a triple-bond auction on Thursday.

7th February 2013
Business

British travel firms see rise in fixed-price bookings

British travel groups TUI Travel and Thomas Cook reported a big rise in fixed-price holiday bookings as cash-strapped Europeans opt for risk-free deals in a volatile economic climate. TUI Travel, Europe's largest

7th February 2013
Business

Etihad net profit jumps 200% to $42 mln

Etihad Airways, the national carrier of the United Arab Emirates, reported net profit of US$42 mln in 2012, up 200% on 2011 ($14 mln) in a year which saw strong improvements in

6th February 2013
Business

Euro, shares dip ahead of central bank meeting

The euro dipped and European shares fell on Wednesday as investors waited to see if the European Central Bank would respond to the currency's recent jump after Germany said it was not

6th February 2013
Business

Cyprus News Agency – Europarltv sign partnership agreement

A partnership agreement was signed here today between CNA and Europarltv with a view to bring Cypriot citizens closer to EU activities. Speaking after the signing of the agreement Europarltv Director Giorgos

6th February 2013
Cyprus

TOTAL signs contract with Cyprus for gas and oil exploration

French company Total was granted hydrocarbon exploration licenses in Cyprus’ Exclusive Economic Zone blocks 10 and 11, after signing here today two production sharing contracts with the Ministry of Commerce. In his

6th February 2013
Cyprus
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