Cyprus Airways Board has appointed George Mavrocostas as Executive Chairman of the national airline. The appointment follows a government decision to appoint Andreas Chrysafi and Marios Hadzigrabriel as members of the Board.
The European Central Bank has expressed "serious concerns" that Ireland's bailout package could affect the institution's liquidity operations in the euro zone. In a position paper published on its website, the ECB
Asian shares fell to their lowest in over a week on Monday, led by a 2 percent slide in Shanghai stocks as thin year-end trading made for exaggerated moves, not helped by
British police said on Monday they had arrested 12 men in a large-scale counter-terrorism operation. West Midlands police said they had detained five men from Cardiff in Wales, four from Stoke in
German Chancellor Angela Merkel may be adamantly opposed to it, but the idea of issuing bonds on behalf of the whole euro zone simply will not go away. At a European Union
Ratings agency Moody's gave a resounding thumbs-down on Friday to Europe's efforts to resolve a rolling debt crisis, slashing Ireland's credit rating by five notches despite this month's EU/IMF bailout. The rare
Euro zone leaders have agreed on how to resolve debt crises from 2013, but failed to reassure markets about what they will do in the short-term, sticking to what the IMF has
The agreement for the delimitation of the Exclusive Economic Zone between Israel and Cyprus, reflects the close relationship and ongoing cooperation between the two countries, the Israeli Embassy announced today. The agreement
German Chancellor Angela Merkel said on Friday that Europe will do everything to secure the stability of the euro, which has come under pressure in the euro zone debt crisis. She added
The Cyprus Hotel Association (CHA) has expressed optimism over tourist prospects for 2011. Haris Loizides, President of CHA, appealed today to the government to revise its decision not to extend the measures
