Direct trade out of the question

Cypriot Government Spokesman Vassilis Palmas said that direct trade between the island’s northern Turkish occupied areas and Europe “is out of the question.”He noted, however, that the Turkish Cypriots would continue to

Salvador Dali exhibition opens in Nicosia

An exhibition titled ”Salvador Dali: The Myth of Surrealism” opened on Wednesday in Nicosia.The Minister of Education and Culture Akis Kleanthous has said the exhibition was an important cultural event, which will

Chizov says Cyprus will not recongnize Kosovo

by Thanasis Avgerinos Moscow (CNA) — Permanent Representative of the Russian Federation to the European Union, Ambassador Vladimir Chizov, has ruled out the possibility that the EU countries reach a consensus in

S&P to unveil ratings overhaul -papers

Standard & Poor’s Ratings Services is set to announce changes to boost the integrity of its research, such as rotating analysts’ coverage, newspapers said on Thursday. Ratings agencies have come under fire

Zorbas seeks to expand to Romania

Cyprus’ largest bakery chain, A. Zorbas & Sons Pcl (ZRP) intend to expand their operations into Romania. During a presentation held in Athens for institutional investors, the Company’s management team analyzed ZRP’s

Cyprus tourism in retreat

The Chairman of the Association of Cyprus Tourist Enterprises (STEK) Akis Vavlitis said that despite the tourism industry still constituting a significant part of the economy, this was not reflected in state

Dubai buys MPB stake in MIG

Marfin Popular Bank announces that according to a sale agreement, the Dubai Financial Group will acquire from Marfin Popular Bank 53.532.184 shares of Marfin Investment Group (6,45%) at the price of 7