Fifty seven beaches in Cyprus have been awarded the Blue Flag this year on the basis of environmental management criteria covering sewage treatment, coastal planning and protection, bathing water quality, safety and services and environmental education. Fifty six beaches were awarded the Blue Flag last year. Cyprus Marine Environment Protection Association (CYMEPA) awarded on Wednesday
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* To surprise with Q1 2014 results * The Bank of Cyprus, the island’s largest lender forced to the brink of bankruptcy as part of a multi-billion international bailout for the country, may dispose of its subsidiaries in Russia and Ukraine to reduce costs and return the bank to growth and profitability. Senior banking sources
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Barcelona's Argentina forward Lionel Messi and his father have been accused by Spanish tax authorities of defrauding the state of more than four million euros ($5.3 million). The World Player of the Year and his father Jorge allegedly filed fraudulent tax returns for the years 2006, 2007, 2008 and 2009, according to a spokesman for
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The European Commission did not seek the closure of Greece's ERT national broadcaster as part of budget cuts, European Economic and Monetary Affairs Commissioner Olli Rehn said on Wednesday, after the sudden closure of the public TV and radio services. "The Commission has not sought the closure of ERT, but nor does the Commission question
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The European Commission announced an array of recommendations on Tuesday to revive Europe's steel industry, hurt by tumbling demand and plant closures. The "EU steel action plan" is the first comprehensive attempt by the Commission to stem a decline in the steel sector since the Davignon Plan sought to tackle an industry slump in the
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MSCI, the most widely used equity index provider, prompted market fears about both Greece and Egypt on Wednesday, after demoting the former and then raising concerns about getting money out of the latter. MSCI redesignated Greece an emerging market late on Tuesday, 12 years after its promotion from the category, assigning it a tiny 0.3
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The 24th Meeting of the Energy Charter Conference, based in Brussels, will be taking place in Cyprus on December 9 and 10, 2013, followed by the Ministerial Meeting, which will focus on the protection of energy investments, in the light of the 15th anniversary of the Energy Charter Treaty. The Energy Charter was set up
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Greece's government promised on Wednesday to relaunch a slimmed-down state broadcaster ERT in a matter of weeks after a firestorm of protests from journalists, trade unions and coalition partners over its sudden closure. The government yanked ERT off the air at midnight just hours after announcing the move on Tuesday, in the most dramatic public
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Cyprus Tourism Organization and Cyprus Medical Association are joining forces in order to promote the island as a medical tourist destination. In this framework the two institutions will cooperate with the aim to secure more EU funding for the years 2014-2020. The project is supported by various bodies and it was presented Tuesday at a
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Former Finance Minister Charilaos Stavrakis appeared on Tuesday before the three-member committee investigating the causes of the collapse of the economy and the banking sector. It was the third time Stavrakis answered the questions of the investigative committee for the economy. During the hearing, Chairman of the Committee Georgios Pikis read out an extract from
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