Hungarian flag-carrier Malev ceased operating early on Friday morning after 66 years of almost continuous service, after its planes were held overseas for unpaid debts. Hungary's national airline had been placed under
Fitch Rating downgraded on Thursday three Cypriot banks by one notch since finding private capital to cover their capital needs until June will be difficult. Fitch downgraded the three banks to BB+
Hackers associated with the activist group Anonymous posted a protest against Greece's EU and IMF-inspired austerity policies on the website of the country's justice ministry on Friday, a ministry spokeswoman said. The
The Cyprus government is considering selling most if not all of its majority stake in troubled state-controlled Cyprus Airways to shore up the national carrier’s ailing finances. The airline has gone through
Spain and France gained fresh relief at bond auctions on Thursday, extending a rally in euro zone government debt markets since the European Central Bank flooded banks with cheap money last month.
Ailing Japanese electronics giant Sony Corp warned it was heading for a bigger-than-expected $2.9 billion annual loss, presenting a daunting task for incoming CEO Kazuo Hirai, who vowed to move quickly to
Russia’s Deputy Minister of Energy Yury Sentyurin will be visiting Cyprus next week for the Russia-Cyprus Business and Investment Forum to take place Friday 10th in the coastal town of Limassol. Sentyurin
Consumer prices fell by 1.6% compared with the previous month in January despite another increase in electricity tariffs, while the annual inflation fell to 3.1% compared with 3.9% in December. The Statistical
The second lowest temperatures this winter were recorded yesterday in Cyprus, falling as low as 10.1 degrees Celsius, according to the Meteorological Service. Speaking to CNA, Meteorological Officer Panayiotis Michael said
Made a safe haven for global capital by its oil-driven prosperity, Norway is struggling to contain the sort of housing market bubble which launched four years of global financial turmoil. Having bounced
