Government Spokesman Stephanos Stephanou clarified Tuesday that Moscow has not taken a decision on Cyprus’ request for a new bilateral loan yet and that no reply has been conveyed to Nicosia as of now. Stephanou’s statements followed a comment to CNA by the Russian Ministry of Finance earlier today, that no decision has been taken
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Almost 2,000 Hungarians protested in Budapest on Tuesday against the government's decision to allow an Azeri soldier who had killed an Armenian officer in 2004 to return home, leading to heightened tensions between the neighbouring countries. Similar protests were held in the Armenian capital Yerevan, in Cyprus and in other cities. Last week Hungary released
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Unemployment among young people is likely to rise globally as the euro crisis hits emerging economies and more discouraged jobless youth drop out of the labour force altogether, the International Labour Organization said on Tuesday. The ILO said jobless rates among people under 25 worldwide are expected to inch up to 12.9 percent by 2017,
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Greek Prime Minister Antonis Samaras will meet European Central Bank President Mario Draghi in Frankfurt next week, the prime minister's office said in a statement on Tuesday. The meeting will take place on September 11.
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Global stocks slid on Tuesday as data showed U.S. manufacturing shrank at the sharpest clip in more than three years last month, while expectations the European Central Bank could buy more bonds chipped away at Spanish and Italian yields. A separate report showing U.S. construction spending fell in July by the most in a year
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The Informal Meeting of EU Foreign Ministers that will take place in Cyprus 7 and 8 September will focus on the situation in Syria, water and education. CNA has learnt that during the first day of the Meeting, EU Foreign Ministers will discuss about water issues (water resources under a foreign policy angle) and education
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Cyprus and Greece have decided to form a joint working group on maritime issues. The decision was made during a meeting held on Tuesday between the Minister of Communications and Works Efthimios Flourentzou and Greek Minister of Merchant Marine and Aegean Constantinos Mousouroulis, who is currently on an official visit to the island. In statements
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**But transport in the doldrums** Turnover in the services sector seems to have held up in the second quarter despite the difficult economic climates, according to the latest figures from the Statistical Service. Accommodation and food services rose by 3.3% in April-June compared with the same period of the previous year, while information and communication
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Industrial production continued to slide in June, recording a fall of 10.3% compared with June 2011 according to the latest figures from the Statistical Service. The Manufacturing sub index slide even further, recording a decline of 11.4% compared with June 2011. During the period January – June 2012 the industrial production index recorded a decrease
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Organic produce and meat typically isn't any better for you than conventional food when it comes to vitamin and nutrient content, although it does generally reduce exposure to pesticides and antibiotic-resistant bacteria, according to a U.S. study. "People choose to buy organic foods for many different reasons. One of them is perceived health benefits," said
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