Unemployment in Cyprus recorded an annual increase of 5.6%, the highest among EU member states, rising from 11.7% in June 2012 to 17.3% in June 2013. Figures released on Wednesday by Eurostat showed that compared with a year ago, the unemployment rate increased in seventeen Member States and fell in ten. The highest increases were
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Cyprus' programme is on track, according to the overall assessment of staff teams from the European Commission (EC), the European Central Bank (ECB), and the International Monetary Fund (IMF), which visited Nicosia during from July 17 to 31 for the first quarterly review of Cyprus’s economic programme, which is supported by financial assistance from the
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The driver of the train that derailed in northwestern Spain last week, killing 79 people, was talking on the phone with state train operator Renfe at the time of the accident, a court said on Tuesday after analyzing the train's data recording devices. The initial reading of the so-called black boxes said driver Francisco Garzon
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Fiat won a partial victory on Tuesday in its path to a full buyout of Chrysler after a U.S. judge accepted the Italian carmaker's legal positions in two pivotal disputes with an autoworkers' health-care trust that is a minority Chrysler shareholder. Delaware Court of Chancery Judge Donald Parsons stopped short of ordering VEBA, the United
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Facebook Inc's stock on Tuesday came within a hair of reclaiming its $38 debut price for the first time since going public in 2012, a milestone in the social networking company's effort to wipe away Wall Street's skepticism of its business. The stock has surged more than 40 percent in the past week after the
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WikiLeaks founder Julian Assange accused President Barack Obama of "national security extremism" on Tuesday after an American military judge convicted Bradley Manning over the biggest leak of classified documents in U.S. history. Praising Manning as "the most important journalistic source that the world has ever seen", Assange said the U.S. soldier, who prosecutors said had
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The U.S. Federal Reserve likely will decide at the end of a policy meeting on Wednesday to continue buying bonds at an $85 billion monthly pace, but it could alter an accompanying statement to spell out the possibility of scaling back purchases later this year. Even if it does, the Fed is unlikely to clarify
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Τhe «Pafos Aphrodite Festival» is this year giving the music loving public of Cyprus the opportunity to enjoy the famous, romantic, comic opera "The Elixir of love" by Italian composer Gaetano Donizetti, in an performance of international scope, both in terms of artistic quality, and organization. The Festival will be held on the weekend of
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President of the European Parliament (EP), Martin Schulz, has described the financial aid program adopted for Cyprus as painful, noting that justifiably it does not enjoy the full support of the entire European Union (EU), its Member – States and Cyprus itself. In a written reply to a letter sent to him earlier by the
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Finance Minister Charis Georgiades issued Tuesday the Enforcement of Temporary Restrictive Measures on Transactions of Bank of Cyprus Public Co Ltd. Decree, of 2013. According to an official press release issued here today, the decree summarily states: Following the exit of Bank of Cyprus from resolution regime, 12% of the deposits of each natural or
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