The European Commission announced it was halting work on a landmark trade and political pact with Ukraine, as details emerged of the sanctions the United States and the EU would impose on President Viktor Yanukovich and oligarchs if there was a crackdown on demonstrators, according to Euractive.com. EU enlargement chief Štefan Füle said on Twitter

Germany's Social Democrats (SPD) voted overwhelmingly in favour of joining a "grand coalition" with Chancellor Angela Merkel's conservatives and have announced the list of ministers, clearing the way for a new right-left government that will take office on Tuesday, according to Euractive.com. Merkel's Christian Democrats (CDU) and their Bavarian sister party, the Christian Social Union

The aim for 2014 is for it to be upgraded into a Mediterranean Middle East Multinational Chapter The International Real Estate Federation FIABCI (Cyprus Chapter) received approval in principle by FIABCI International to be upgraded into a “Mediterranean Middle East Multinational Chapter,” and has the whole of 2014 to present a comprehensive plan and implement

The Cyprus Investment Promotion Agency (CIPA) has said that there is keen interest among foreign investors to invest in Cyprus, a conclusion emanating from a number of international conferences in Russia, the U.S. and China. According to an announcement, CIPA’s delegation headed by President Christodoulos Angastiniotis and Director General Charis Papacharalambous participated in “Cyprus Economic

President Nicos Anastasiades has expressed hope that there will be a response from the Turkish Cypriot side that will constitute a change to the positions expressed on Saturday by the Foreign Minister of Turkey Ahmet Davutoglu during his visit to the occupied part of Cyprus. Speaking during a memorial service for the heroes of the

The statements made by Turkish Cypriot leader Dervis Eroglu and Turkey’s Foreign Minister Ahmet Davutoglu on Friday have torpedoed any possibility for the resumption of a substantive dialogue in the Cyprus problem, according to government spokesman Christos Stylianides who said that during the last three months, President Nicos Anastasiades and the Greek Cypriot side have

The government of Cyprus has warned that the island’s central bank should find alternative ways to selling its gold reserves with a view to securing €400 mln, as prescribed by Eurogroup decisions, raising the issue, once again of the island’s gold reserves, held as collateral with the European Central Bank. Finance Minister Haris Georgiades said

The European Investment Bank (EIB) has signed an agreement to provide two instruments in support of small and medium-sized companies (SMEs) in Cyprus worth a total EUR 150 mln. The first is a EUR 50 mln first contract under the Trade Finance Facility to support foreign trade activities of Cypriot SMEs and mid-maps with the