Cyprus is actively pursuing an Open Skies policy on aviation, according to Communications and Works minister Tasos Mitsopoulos, who said that after a relevant agreement with Ukraine, the government was making efforts to start the dialogue with Russia. Mitsopoulos said that the possibility was being explored to establish flights with countries from Central Asia, such
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The head of the Central Bank of Cyprus said that the island should have applied for European funds at the end of 2011 or early 2012, and agreed with most earlier witnesses in a public inquiry that the delay was “damaging, if not catastrophic.” The inability of the government to support the banking sector because
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Larnaca and Paphos airports are expected to facilitate more than 2,500 flights in the coming two weeks, until August 25, carrying around 400,000 passengers. Hermes Cyprus Airports spokesman Adamos Aspris said that more than 1,800 flights will be operated at Larnaca, with more than 280,000 passengers. The airport in Paphos will accomodate 700 flights with 120,000 passengers. He
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Consumers across the European Union are increasingly eager for new technologies but while Europeans are open to new tools and services, as illustrated by the figures for new internet subscriptions and internet-based voice calls, they still think twice before picking up the phone or going online because of the cost. Mobile phones are now everywhere, but only half
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Six Romanians on trial accused of stealing paintings worth tens of millions, including works by Picasso and Monet, have denied burning the artworks and are willing to give them back if a deal can be struck, their lawyers said on Tuesday. The paintings were snatched from Rotterdam's Kunsthal museum in October in one of the
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Evidence that Europe's economy is finally picking up steam lifted the region's shares to a 2-1/2 month high on Tuesday as expectations for strong U.S. data put the dollar on course for its first three-day rally since June. Many economists expect U.S retail figures to come in strong and add to the case for a
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Greek police have arrested a British architect over the collapse of an apartment complex in Pakistan eight years ago that killed 78 people, officials said on Tuesday. The unidentified 71-year-old was apprehended on Sunday during a passport control on the island of Zante, police said in a statement. He is of Pakistani origin and Interpol
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German analyst and investor sentiment climbed more than expected in August, a leading survey showed on Tuesday, suggesting Europe's largest economy is gradually regaining momentum after suffering a contraction in late 2012 and a weak start to 2013. The ZEW economic think tank's monthly poll of economic sentiment rose to 42.0 from 36.3 in July,
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A new haircut on unsecured deposits at the Cooperative banking sector has been averted, according to Finance Minster Harris Georgiades, who added that the Coop sector, that will undergo restructuring and benefit from a 1.5 bln euro bailout from international lenders, will be enhanced. In an interview with the weekly “Mahi” newspaper, Georgiades said that
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The Cypriot ship owning and maritime investment company FrontMarine, and the associated Lemissoler Navigation, have placed an order for four environmentally friendly bulk carriers to be built in one of the leading privately owned Chinese shipyards and delivered by mid-2015. The four vessels with a DWT of 58,500 tonnes will employ a new hull design
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