André Alves's early goal ensured that Omonia retained the Coca-Cola Cup in Cyprus, though newly-crowned champions AEL Limassol made them work hard for it despite being down to ten men for over an hour. The Nicosia club denied AEL the double when Alves calmly beat goalkeeper Matías Degra on 17 minutes after being picked out
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The University of Cyprus could be placed among the world's top 200 universities by the next decade, UCy Rector Constantinos Christofides has said. The UCY could be among the world's top 200 universities within the next five of ten years, Christofides told a press conference, calling on the state to increase funding towards the university.
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Dossiers submitted to the government in relation to the exploration and exploitation of hydrocarbon reserves in Cyprus’ Exclusive Economic Zone (EEZ) will soon be opened. Minister of Commerce, Industry and Tourism Neoclis Sylikiotis has activated the procedure to open the dossiers for the second licensing round for exploration and exploitation of hydrocarbon reserves in Cyprus’
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Euromoney, the financial information arm of Daily Mail & General Trust, reported a 13 percent rise in first-half sales, boosted by acquisitions, and said it saw business opportunities in the euro zone crisis. Euromoney, one of Europe's biggest business and financial magazine publishers, said it would continue to pursue selective acquisitions and was seeing the
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IMF chief Christine Lagarde warned of "extremely expensive" consequences were Greece to leave the euro zone, a once taboo possibility that European leaders have begun to discuss openly after the nation descended into political chaos. Fears that Greece's dire state could drag the euro zone deeper into crisis rattled financial markets across the globe, as
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Asian shares recovered some ground on Thursday from the previous day's sell-off, but investors found little reason to chase risk amid deepening turmoil in Greece and fears of contagion to other stressed euro zone economies. Against a background of financial instability in Greece's banking sector, European shares were set to start mixed, with financial spreadbetters
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Greece's bank support fund will allocate 18 billion euros by next week to the country's four biggest lenders as an interim recapitalisation, its head said on Wednesday. Huge bond swap writedowns to cut the country's debt nearly wiped out the capital base of National Bank, Alpha, Eurobank and Piraeus, all of which have Cyprus subsidiaries,
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* Head of administrative court put in charge * Date of vote set for June 17 * 700 million euros withdrawn from banks -president * New poll shows radical left still surging Greece put a senior judge in charge of an emergency government on Wednesday to lead it to new elections on June 17 and
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Cyprus’ annual inflation in April reached 3,6%, compared to 3,5% in March. According to figures from Eurostat, the statistical office of the European Union, Euro area annual inflation was 2.6% in April 2012, down from 2.7% in March. A year earlier the rate was 2.8%. Monthly inflation was 0.5% in April 2012. EU annual inflation
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Fears that a Greek exit from the euro zone will worsen the debt crisis facing other European nations gripped financial markets on Wednesday, sending shares and other riskier assets lower as investors shifted funds into safe havens like the U.S. dollar. The euro dipped below $1.27 to a four-month low, the main index of top
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