Asian stocks rose on Monday, with Japan's Nikkei at a one-month high, and oil prices climbed toward $53 a barrel on investor hopes a U.S. plan to rid banks of $1 trillion
United States on Monday offered generous financing for private investors to help cleanse banks of up to $1 trillion in toxic assets that are blocking lending and worsening a deep U.S. recession.
Cyprus and Russia agreed to set up a working group on tourism, in a bid to boost tourist flows between the two countries amid the global financial crisis. The proposal for the establishment
By 2025, 1.8 billion people will live in countries or regions with absolute water scarcity. This is stated in a UN press release on the occasion of the World Water Day which
2009 will be a tough year, since Cyprus’ economy depends largely on tourism, foreign investments and provision of services, Minister of Commerce, Industry and Tourism, Antonis Paschalides, stressed here today addressing the
Maratheftiko, newcomers leave their mark The fourth annual Cyprus Wine Competition was concluded last Saturday and the awards were presented at a Gala Dinner at the Grand Resort, Limassol. 32 wineries submitted
Foreign Minister Markos Kyprianou told the General Affairs and External Relations Council in Brussels on Monday that Cyprus disagrees with the energy aspect of the EU stimulus plan and that the 150
A mini-poll conducted on the FinancialMirror.com website has found that nearly a third of the visitors to the site would invest in real estate bargains in Cyprus. An equal number of 32%
The Electricity Authority of Cyprus has signed an exclusive agreement to sell all the output of its desalination unit at Vassiliko power station, when the unit comes on-line in 2011, to the
New company registrations fell by a whopping 50% to 1,296 in February 2009 compared to 2,574 in the same month a year ago. This saw the total registrations in the first two
