Czech First Deputy Prime Minister and Minister of Foreign Affairs Karel Schwarzenberg stressed that no country from outside the European Union can intermingle in it or proclaim conditions for another member state. Schwarzenberg was speaking after meeting his Cypriot counterpart, Erato Kozakou-Marcoullis, when they examined issues concerning the EU and the forthcoming presidency of the
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Tax and trust challenges in the new world order will be the focus of an international annual Society of Trust and Estate Practitioners (STEP), Conference due to take place in Limassol between May 10 and 11. The conference has been described as an important opportunity to present Cyprus’ advantages as a financial services destination. President
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The EU-harmonised consumer price inflation rate rose to 3.6% in April, from 3.5% in March. Meanwhile, the nationally based consumer price index fell to 3.1% from 3.4% in March 2012 and 3.3% in April 2011. Compared with the previous month, the consumer price index increased by 0.88%. The Statistical Service said this was owing to
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Uncertainty over the implications of the Greek and French elections for Europe's efforts to resolve its debt crisis sent the euro and shares lower on Tuesday and supported safe-haven German government bonds. Attention is focused on Greece where politicians are struggling to form a government after voters plunged their country into limbo in Sunday's election.
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TUI Travel, the world's biggest tour operator, said it was on track to meet expectations for the full-year and that it expects to deliver a strong performance in its key summer trading period. The group, which owns Thomson and First Choice, on Tuesday said it made an underlying operating loss of 317 million pounds ($512.95
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** Unemployment rate hits 10% ** The number of registered unemployed rose by 8,487 persons or 31.5% to 35,398 persons, reaching a another new record. Compared with April 2011, the main increase was in construction workers (an increase of 1,998), wholesale and retail trade (1,921), manufacturing (1,280), public administration (819) and accommodation and food service
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The number of building permits authorised by the municipal authorities and the district administration offices fell by 9.4% to 633 in February 2012, having dropped by 13.0% in January. The total value of these permits reached fell by 30% to EUR 135.8 mln and the total area declined by 30.9% to 141,435 square metres. These
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New Governor of the Central Bank of Cyprus (CBC), Panikos Demetriades, has expressed optimism that the current economic problems in Cyprus and abroad can be overcome. He has also said that the Central Bank wants to bring back as soon as possible the stability of the financial system through the recovery of the investors' confidence
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George Soros is pledging $2 million to two outside groups supporting progressive causes and helping President Barack Obama's re-election campaign and other Democrats running in November, a Soros advisor said on Monday. Soros adviser Michael Vachon said in an email that the billionaire investor is concentrating his giving on grassroots organizing and "holding conservatives accountable
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* New variation on an "underwear bomb" is seized * Latest airline plot linked to al Qaeda in Yemen * U.S. officials say no airliner actually endangered The revelation that militants sought to attack an airliner with an improved "underwear bomb" in a plot foiled by U.S. and allied authorities shows their determination to build
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