EU unveils deficit sanctions as unions protest

The European Commission proposed steep compulsory deposits and fines on Wednesday for euro zone countries that breach EU budget rules, as trade unions staged strikes and protests against austerity measures. In a

Cyprus and Rumania sign MoU in the energy sector

The Minister of Commerce, Industry and Tourism Antonis Paschalides signed today a Memorandum of Understanding in the energy sector with his Rumanian counterpart, Minister of Finance, Commerce and Business Environment Ion Ariton.