Changes introduced by an EU Regulation in passport control concern exclusively third country nationals, not EU nationals or Cypriot citizens, an official announcement, issued here today, clarifies. The most important amendments of the Regulation provide that third country nationals entering an EU member state must be in possession of a valid travel document, which must
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Russian Orthodox Patriarch Kirill I of Moscow was briefed Tuesday on the condition of Cyprus’ economy, by the Primate of the Church of Cyprus Chrysostomos II, who is visiting Russia. The two men discussed a series of issues that concern relations between the two Churches and the Christian Church in general. Kirill thanked Chrysostomos for
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The final evaluation of Cyprus Popular Bank (CPB) assets is expected to be delivered tomorrow, Wednesday, by KPMG London, according to CNA sources. The same sources say that the unified study of the new Bank of Cyprus (BoC) will be delivered by Friday and will contain the evaluation of assets, both from CPB and BoC.
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The RICS Cyprus Property Price Index has recorded a significant decrease during the first half of 2013, across Cyprus’ major urban areas, across all districts, with Nicosia and Limassol faring the worst, as they were the least affected markets up until the second half of 2012. The RICS quarterly index found that residential prices for
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Asian stock markets wobbled on Wednesday, while the dollar took back some ground after the latest reading on China's manufacturing activity showed activity slowed to an 11-month low in July as new orders faltered and the job market darkened. European markets could shrug off the impact of the downbeat China data if German and French
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A showdown over the biggest municipal bankruptcy filing in U.S. history begins in a federal court on Wednesday morning as creditors challenge its legality. Attorneys for Kevyn Orr, a corporate bankruptcy lawyer tapped by Michigan officials in March as Detroit's emergency manager, want U.S. Bankruptcy Judge Steven Rhodes to put on hold a flurry of
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Prince William and his wife Kate left hospital on Tuesday and gave the world its first glimpse of their baby boy, who becomes third in line to the British throne. After posing for pictures for the world's media, the couple said they were still working on a name for their son and were feeling "very
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Greek shipowner Victor Restis was arrested on charges of money laundering and embezzlement on Tuesday, becoming one of just a few prominent businessmen to be detained by police since Greece sank into crisis. Restis, who has a stake in Greece's top-selling newspaper and other media as well as his shipping fleet, is being investigated over
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Starbucks Corp and Danone SA said on Tuesday they will sell a co-branded yogurt through Starbucks cafes and in grocery stores as yogurt makers and food companies battle for market share in the $7 billion U.S. market. The partnership comes as Starbucks pushes into the "health and wellness" category and as Danone, owner of the
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A six monthly Eurobarometer survey, published Tuesday, shows that 97% of respondents from Cyprus consider the economic situation of their country bad or very bad. A mere 2% expresses a more optimistic opinion. The EU average at that question is 72% on the negative side and 26% on the positive. At the same time Cypriots
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