Danish food producer Tulip said it had asked several German retailers to recall two ready-made pasta products on suspicion they contain horsemeat. Tulip buys the products – Lasagne Bolognese and Cannelloni Bolognese – from French supplier Comigel, which is at the heart of a scandal over horsemeat sold as beef. The scandal erupted when tests
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The details of the Financial Transaction Tax (FTT) to be implemented under enhanced cooperation have been set out in a proposal adopted by the European Commission today. As requested by the 11 Member States that will proceed with this tax, the proposed Directive mirrors the scope and objectives of the original FTT proposal put forward
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Sixteen and a half tons of burgers were destroyed a few days ago, in light of the horse meat scandal across Europe. As it was confirmed later on, the company which sells the burgers in Cyprus, was not found to be in any way involved in the matter. Director of Veterinary Services George Kyriakides told
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The Cyprus recession deepened in the fourth quarter, according to the flash estimate from the statistical service, Cystat, and marked its sixth quarter of consecutive, quarter on quarter decline. On a seasonally adjusted basis real GDP contracted over the previous quarter by 1% in the fourth quarter, having dropped by 0.7% in the third quarter
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. By Dr Andrestinos N. Papadopoulos, Ambassador a.h. Russia’s G20 presidency this year is of particular importance to Cyprus. To support its presidency’s focus on the core objective of boosting economic growth and job creation around the world, Russia will include on the financial agenda two new topics: financing investments as a basis for economic
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. By George Mouskides US Certified Public Accountant / Licensed Estate Agent Manager FOX Smart Estate Agency Many Cypriots have found themselves in a tight spot and are forced to take difficult and painful decisions. They have taken a loan to buy a property, either as an investment or for their own accommodation. They have
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Europe's two largest economies, Germany and France, both shrank markedly in the last three months of 2012, suggesting the euro zone has slipped deeper into recession. The German economy contracted by 0.6 percent on the quarter, official data showed on Thursday, marking its worst performance since the global financial crisis was raging in 2009. France's
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A pistol owned by British explorer Captain James Cook, who first claimed Australia for Britain nearly two and half centuries ago, sold on Thursday for A$219,600 ($227,100), above the top estimate set by auctioneers. The brass pistol, an early 18th century Continental Flintlock holster pistol with a 13-bore barrel made by Dutch gunmaker Godefroi Corbau
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The government does not accept any kind of inspection from a private firm with regard to money laundering allegations, Government Spokesman Stephanos Stephanou stressed here today, noting that certain quarters within the EU are trying to blackmail Cyprus. The Spokesman assured that the government has not and will not discuss a haircut on Cyprus’ bank
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This year is expected to be a difficult one for tourism, Minister of Commerce, Industry and Tourism Neoclis Sylikiotis said Wednesday, noting however that 2012 was a very positive year as regards arrivals and revenue from tourism. Addressing Wednesday the 35th Annual Hotel Conference, in Nicosia, Sylikiotis said that 2012 can be described as a
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