A Mark Rothko 1961 oil painting set a new auction record for post-war art on Tuesday, soaring to $87 million, while works by Gerhard Richter, Jackson Pollock, Yves Klein and Alexander Calder smashed artists' records at Christie's blockbuster sale that achieved the highest-ever total for post-war art. The auction house realized a total of $388.5
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EasyJet said seasonal first half losses narrowed, helped by cost cutting initiatives and minimal weather-related disruption, and that it expected second half revenues to grow by up to 5 percent. Europe's second-largest low-cost carrier on Wednesday posted a pretax loss of 112 million pounds ($180.75 million) in the six months to the end of March,
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The European Commission has launched a two million euro project to preserve the cultural heritage in Cyprus. The project is part of the European Commission's aid programme for the Turkish Cypriot community. Commenting on the commencement of the project, EU Commissioner Stefan Fule expressed the belief that ''this new project will help preserve the island's
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Commerce, Industry and Minister Tourism Neoklis Sylikiotis has said that all necessary measures are taken collectively so that the tourist sector overcomes its problems. Speaking after a meeting with the Board of Directors of the Cyprus Hotel Association (PASYXE), with the participation of a Cyprus Tourism Organization delegation, Sylikiotis noted that tourism is one of
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In order to promote Europe to both Greek Cypriots and Turkish Cypriots, the Representation of the European Commission in Cyprus is organising and participating in a series of events and activities, on the occasion of Europe Day (9 May). According to a Press release issued Tuesday by the Representation of the European Commission in Cyprus,
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More than 231 000 students received Erasmus grants to study or train abroad during the academic year 2010-11, recording a 8.5% increase compared to the previous year and setting a new record, European Commission announced today. Among the 27 country-members of the EU, Cyprus recorded between the years 2009-2011 the highest increase in the number
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European Union countries must find ways to boost growth at the same time as putting public finances in order, and EU leaders will meet on May 23 to discuss how to achieve these twin aims, top EU officials said on Tuesday. The 17 euro zone countries want to regain market confidence in their public finances
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Leading German politicians warned Greece on Tuesday that the country would not receive a cent more aid unless it fulfills all the conditions of its international bailout. An election on Sunday in Greece failed to deliver a parliamentary majority for the two big pro-bailout parties, plunging the country into political limbo and increasing the risk
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Cypriot national carrier, Cyprus Airways announced Tuesday that a number of organizations have expressed interest in participating in the airway’s share capital, but no concrete proposal has been brought before the company so far. Commenting on press reports Cyprus Airways noted that Canadian group Triple Five had expressed its intention in a letter sent to
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Cypriot Minister of Finance Vassos Sharly said the developments in Greece are not positive, adding that these developments should concern Cyprus due to the connection of the economies of the two countries. Greece, which received EU bailout, plunged into political uncertainty following the general elections in the country last Saturday, which rewarded political parties against
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