Volksbank of Romania to open Cyprus branch

Volksbank Romania S.A. will establish a branch in Cyprus and its main business drivers will be small and medium sized enterprises, and private individuals. Volksbank has operated in Romania since 2000 and

EU earmarks €22 mln for Cyprus border controls

The European Commission has adopted the multiannual programme under the External Borders Fund 2007-2013 for Cyprus for an estimated amount of EUR 22 mln. "With the approval of this multiannual programme, Cyprus

EU4 cooperate on immigration

High ranking officials from Cyprus, Greece, Italy and Malta met in Nicosia to draft a common paper regarding the challenges they face in the area of migration and asylum that is expected

Germany plans 25 bln euro stimulus package-media

Germany's government is planning a package of measures worth 25 billion euros, less than the 40 billion euros previously reported for new projects, to help Europe's biggest economy withstand recession, newspapers reported

U.S. housing slump deepens

 Bleak housing data showed the United States and Britain were sinking deeper into recession and authorities from Washington to Tokyo worked hard to spend their way out of the worst downturn in

SEC chief defends response to economic turmoil

 U.S. Securities and Exchange Commission chairman Christopher Cox, responding to heavy criticism, said in an interview published on Wednesday he takes pride in his response to the U.S. financial crisis. "What we

EU’s new digital library operational again

The European Union's first large-scale digital library, Europeana (www.europeana.eu), was online again Tuesday, a month after it crashed after being overwhelmed by readers' interest. "Europeana works again … after we have quadrupled