Sterling tumbles, stocks hit by oil rise

Weak UK housing data knocked sterling to a 12-year low on Thursday, weighing on European stocks already under pressure as oil prices edged up on supply concerns over a brewing tropical storm

EU scholarships for the Turkish Cypriot community

The EU Scholarship Programme 2008/2009 received very good interest from the Turkish Cypriot community and managed to attract many applications. Having evaluated carefully all the applications, the European Commission decided to support

SFS maintains strong profitability growth

SFS Group Pcl (SFS.CY) issued its first half financial results, posting a net profit figure of EUR 14.6 mln, down moderately by 8.3% year-on-year from the EUR 15.9 mln profit booked in

Options signs deal with Kathimerini, profits dive

Options Cassoulides Plc (OPT.CY) announced that its subsidiary NDD Publications has entered into an agreement with Kathimerini SA for the issue of newspaper “Kathimerini” in Cyprus. The Company is expected to commence

Medvedev looks east for support on Georgia

But not much expected Russian President Dmitry Medvedev looked east for support for Moscow's tough line over Georgia, which has inflamed relations with the West and prompted talk of a new Cold