. BY GEORGE THEOCHARIDES In the last few months, we have experienced a period of extreme uncertainty in our banking sector and the economy as a whole, mainly because of the massive losses of our banks from the Greek debt restructuring. An amount of about five billion euros has been wiped out from our banks’
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Two Russian companies are among the 29 groups and companies that have expressed interest in participating in the second phase of licensing for hydrocarbon exploitation in the Exclusive Economic Zone (EEZ) of Cyprus, said Wednesday Foreign Minister Erato Kozakou – Marcoullis in a press briefing in Moscow. These companies are Novatec Overseas Exploration and Production
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Hacking experts on Wednesday demonstrated ways to attack Android smartphones using methods they said work on virtually all such devices in use today, despite recent efforts by search engine giant Google to boost protection. Experts showed off their prowess at the Black Hat hacking conference in Las Vegas, where some 6,500 corporate and government security
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Michael Jackson's three children were given a new guardian on Wednesday in an escalating power struggle within the famous musical family involving the singer's multimillion-dollar estate and the well-being of his elderly mother. Los Angeles Superior Court Judge Mitchell Beckloff gave temporary guardianship of the children to their cousin Tito Jackson Jr., 34, at his
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Apple Inc's biggest success has become its biggest risk factor. The iPhone revolutionized the smartphone industry, driving Apple's expansion into Europe and China and, after just half a decade, yields about half its annual $100 billion revenue haul. But the world's most valuable technology company — which throughout the global recession near-unfailingly smashed Wall Street
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The chances of Greece leaving the euro in the next 12-18 months have risen to about 90 percent, U.S. bank Citi said in a report on Thursday, saying Athens was most likely to quit the single currency within the next two to three quarters. The report, dated July 25 but distributed in an email on
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Government Spokesman Stephanos Stephanou has said that after the meeting with Troika representatives (European Commission, ECB and IMF) on Friday July 27, there will be a more complete picture of Troika’s positions. Speaking after today’s meeting of the Cabinet, Stephanou also said that after the meeting with the representatives of Troika on Friday, there will
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The European Investment Bank has signed in Luxembourg two loans for up to EUR 268 million for key investments in Cyprus. According to a press release, the loan agreements were signed by EIB Vice President Plutarchos Sakellaris, responsible for operations in Cyprus, and Kyriacos Kakouris, Senior Economic Officer, on behalf of the Cypriot Minister of
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Cyprus Minister of Foreign Affairs Erato Kozakou – Markoullis and her Russian counterpart Sergey Lavrov have completed their meeting in Moscow with the signature of a 2012 – 2013 political consultations plan on Wednesday. Addressing a joint press conference the two Ministers confirmed the excellent level of bilateral relations between the two Ministries and made
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Cypriot nationals visiting London for the Olympic or/and Paralympic Games which will be held from 27 July to 12 August and from 29 August to 9 September respectively, are cautioned that the transport system will be extremely busy, especially in the areas close to the venues. According to an official press release, if Cypriot citizens
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