In an effort to enhance even more the Shipping infrastructure in Cyprus, the Cyprus Shipping Chamber signed an “Alliance of Cooperation” (AoC) with the Cyprus University of Technology on Friday in Limassol that aims to boost their cooperation and plans to set up a marine engineering course. The Protocol of the Alliance of Cooperation was
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Cyprus will overcome the financial crisis, President Anastasiades said on Thursday, noting that “we will survive because we are committed”. He added that he is determined to either succeed or resign. “I have no intention of resigning. Therefore I will persist on in order to succeed” the President of the Republic stressed. Addressing a Democratic
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Swiss bank Credit Suisse said on Friday it sees a maximum hit of 90 million Swiss francs ($94.1 million) from a British-Swiss tax deal aimed at sweeping Swiss banks clean of undeclared money held in accounts of UK clients. The Swiss Bankers Association, the lobbying body for Swiss banks, said implementation of the agreement is
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The Parliaments of Cyprus and Russia have once more reaffirmed their excellent relations and willingness to enhance cooperation on a regional, bilateral and international level. President of the Cypriot House of Representatives Yiannakis Omirou, heading a parliamentary delegation, paid Russia an official two – day visit at the invitation of the Chairman of the State
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EU lawmakers agreed on Thursday to toughen criminal penalties across the European Union for cyber attacks, especially those that include harming critical national infrastructure and hijacking computers to steal sensitive data. The 28 EU member states currently have a patchwork of varying tariffs for cyber crime. The decision mandates national maximum sentences of at least
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German Finance Minister Wolfgang Schaeuble dismissed fears that the euro zone crisis might be starting up again amid political turmoil in Portugal and pressure on Greece, saying on Thursday that the euro could withstand such issues in individual states. "I think the euro is seen as so stable by financial markets that even political situations
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It looks like a bread line in Soviet Russia, but the queue snaking away from Paris's Opera Garnier house on a Saturday night is full of tourists waiting for a different sort of scarce commodity: a taxi to bring them home. Frustration with Paris's taxi shortage – the city has fewer now than it did
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Asian stocks rose on Friday, while sterling hit a five-week low, after two of Europe's most important central banks surprised the market by assuring investors they were in no hurry to wind down stimulus. But markets were cautious as they waited for a U.S. jobs report that could bolster, or derail, the case for the
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Cyprus is entering a new period in dealing with the difficulties of its banking sector, Government Spokesman Christos Stylianides said here on Thursday, commenting on the outcome of a Frankfurt meeting, between Cyprus President and the President of the ECB, on Wednesday. The message this meeting has sent is that Cyprus can pull through the
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Eurogroup’s unjust decisions imposed on Cyprus in March have by no means affected relations between Russia and Cyprus, President of the House of Representatives Yiannakis Omirou has stressed. Omirou is currently on an official visit to Russia, heading a parliamentary delegation, at the invitation of the Chairman of the State Duma, Sergey Naryshkin. Speaking about
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