Turkey’s provocative stance prevailed at Tampere

Government Spokesman Christodoulos Pashiardes has said that hopes for some progress in the Cyprus question have faded in Tampere where, he noted, Turkey’s unyielding, provocative and negative stance has prevailed. “The failure

Commissioner Almunia to visit Cyprus

EU Commissioner for Economic and Monetary Affairs Joaquin Almunia arrives in Cyprus on Wednesday to address a conference titled ”EMU Governance and Euro Changeover: Cyprus on the Path to the Adoption of

Sterling breaks above $1.95

Sterling broke through the $1.95 level for the first time in two years nearing its December 2004 high of $1.9550, beyond which the way will be open for an assault on the

German shipping group to buy Cyprus bank

The Central Bank of Cyprus (CBC) approved the acquisition of Universal Savings Bank Pcl (USB) by Schoeller Holdings Ltd and Path Holdings Ltd., the German based shipping groups based in Limassol. Schoeller

Louis 9M profits surge

Louis Pcl released its 9M06 financial results posting an 18% YoY increase in revenue to CYP 152.6 mln (EUR 265.2 mln). Despite the hike in oil prices, EBITDAR was recorded at CYP

EC urges a freeze on EU-Turkey talks

The European Commission has recommended that some elements of talks with Turkey about its hopes of joining the EU should be frozen. The recommendations follow the breakdown of talks over the divided

CYP weakens vs. EUR

The Cyprus pound continued to slide against the euro, ending Tuesday trading at 0.5780 or 1.7300 in contrast to 0.5744 a month ago and this year’s high of 0.5721 or 1.7480. Seasonal