Scientists will be those to thank the most the Cyprus EU Presidency, Vice President of the European Commission Maros Sefcovic stressed Tuesday. Sefcovic who was speaking at the press conference of the EU General Affairs Council together with Cypriot Deputy Minister for European Affairs Andreas Mavroyiannis, said that there are many successes achieved by the

Cyprus` annual harmonized inflation in November reached its lowest level over the last three years, recording a sharp decrease of 1.4% compared to 4% in November 2011, according to data released on Tuesday by the Statistical Service of Cyprus. The latest figure was the lowest since November 2009, when harmonized inflation stood at 1% on

A reception to mark the reopening of the renovated ‘Ancient Cyprus’ room was held at the British Museum. Room 72, which bears the name of a great British Museum sponsor, Anastasios G. Leventis, now holds a refreshed exhibition of antiquities that highlights the significance of Cyprus in the world cultural heritage narrative. The impressive exhibits

The preliminary report of a due diligence audit, carried out by PIMCO, on the recapitalization needs of Cypriot banks is currently being evaluated, says an announcement, issued by the Ministry of Finance on Tuesday. It is added that in general terms, the assessment falls within the realm of expectations concerning the restructuring program. Final results

The EU Council of Ministers has urged Turkey to avoid any kind of threat or action directed against a Member State, to normalise its relations with the Republic of Cyprus and to implement the Additional Protocol to the Association Agreement towards all Member States. In its Council Conclusions, the General Affairs Council stresses all the

The Supreme Court of Cyprus has ordered a retrial for the now defunct Helios airline and former senior executives who were acquitted of charges over the 2005 crash in Greece that killed all 121 people on board. In a majority decision, the full-bench court in Nicosia upheld an appeal filed by Attorney General Petros Clerides

Contrary to the impression created by some other local papers this week, Greek Cypriots spent less over the Green Line in November 2012 than in the same month of 2011 in terms of plastic card use. Plastic card spending dropped by 1.0% over the year earlier to 407,180 from 411,210, according to data from JCC