Droushia Heights Hotel sold

D.H. Cyprotels Plc, continuing its strategy of disposing the small and not productive units, has agreed and sold Droushia Heights Hotel at Droushia Village for the amount of EUR 2,750,848/ CYP1,610,000 net.

Tennis: Safin sunk by Baghdatis in thriller

MELBOURNE, Jan 17 (Reuters) – A frustrated Marat Safin exited the Australian Open on Thursday, beaten 6-4 6-4 2-6 3-6 6-2 by Cypriot 15th seed Marcos Baghdatis in an enthralling second-round battle

Bernanke backs quick U.S. fiscal stimulus

Federal Reserve Chairman Ben Bernanke on Thursday threw his support behind efforts to craft a fiscal stimulus package and repeated that the U.S. central bank was ready to act aggressively to counter

US housing starts at slowest since 1991

NEW YORK (Reuters) – Ground-breaking on new U.S. homes last month fell to the slowest pace since 1991 and fewer building permits were issued than any time since 1993, according to government

OPEC chief in Cyprus for talk on oil

The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Abdalla Salem El-Badri, arrived in Cyprus last night as a guest of the Nicosia Chamber of Commerce and Industry to