President Nicos Anastasiades said on Friday he was “cautiously optimistic” as regards the course of the ongoing talks with Troika inspectors from the international lenders providing the 10 bbln euro bailout for Cyprus. The President was asked about the negotiations underway between the government and the Troika (EC, ECB, IMF) and was invited to say
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Since 2011, the Commission has repeatedly alerted Cyprus to its problems within the framework of the European Semester, Commissioner for Economic and Monetary Affairs Olli Rehn has said. In his reply to a question by Cypriot MEP Antigoni Papadopoulou regarding the Eurogroup decisions on Cyprus, Rehn said that “in November 2011, we warned the Cypriot
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A mild recovery in the services, retail and manufacturing sectors help lift the Economic Sentiment Indicator for July by 2.7 points to levels last seen a year ago in September. The index, compiled by the Economic Research Centre of the University of Cyprus, also saw a mild improvement in consumer sentiment, but the construction sector
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The Ministry of Finance issued the eighth decree on the international banks exempted from capital controls imposed in Cyprus following the Eurogroup decision last March as part of a 10 bln euro bailout. The decree, which will remain in force for a seven-day period, includes 16 foreign banks operating in Cyprus, that have already been
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Lufthansa has expanded its mobile services with a smartphone app for users of Windows Phone 8. A special feature is the live-tile function with which the most important information on flight status – continually updated – is pinned on the start screen without the need to open the app. As with the other mobile operating
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A mafia clan in southern Italy staged hundreds of fake car crashes every year to get millions of euros in insurance payouts to buy drugs and weapons, police said on Friday. The insurance fraud was just one of the charges against 70 people sought for arrest in dawn raids by police on Friday in the
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Britain's FTSE 100 looked set for its first weekly fall in more than a month on Friday, faltering at resistance levels but receiving support from a spate of good earnings reports. While Pearson and Anglo American gained 6.9% and 1.5% after confirming or exceeding predictions for full-year outlooks, the FTSE stalled around the 6,600 level,
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BSkyB plans to provide more and cheaper ways to access its premium content and Internet services to counter cash-rich rival BT's offer of free Premier League football to broadband customers. The group, which has dominated pay-TV in Britain since Rupert Murdoch launched it in 1989 and reaches 10 mln homes, said it would invest about
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European oil demand fell further in the first half of 2013 despite glimmers of economic recovery, as modest German growth could not offset steep consumption declines in France, Italy and Spain, according to data compiled by Reuters. Unusually cold weather in April and May in large swathes of Europe boosted demand for heating fuels, but
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France's defence minister said on Friday negotiations with India to sell 126 Rafale fighter jets from Dassault Aviation were proceeding well, but did not say when the deal would be finalized. India picked the Rafale for exclusive negotiations in January 2012 after a hotly contested bidding war between rival suppliers. But differences over the industrial
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