President Serzh Sargsyan of Armenia will be in Cyprus on a one-day official visit next Monday and will head the biggest delegation ever to visit the island, accompanied by cabinet ministers and about 30 business people. Invited by president Dimitris Christofias when he visited Yerevan last July, the two leaders are expected to review the
More
Three more Cypriot sites, Limni Paralimniou wetland, Limni Oroklini wetland and the Faros seaside area in Pafos, have been included in the EU Natura 2000 network. A European Commission press release makes a special mention of the Limni Paralimniou wetland, a seasonal lake that disappears entirely during the hot summer months. Limni Paralimniou is the
More
German Chancellor Angela Merkel said today in Nicosia that it is important to solve the Cyprus problem in order to overcome problems like Turkey’s accession negotiations, or EU-NATO relations. Merkel was speaking to journalists, after her meeting with the President of the Republic Demetris Christofias. Asked to comment whether Cyprus’ occupation by Turkey is compatible
More
Inflation accelerated in December according to the EU-harmonised consumer price index (HICP), with prices rising over the year earlier by 1.9%, compared with 1.7% in November. However, this was lower than the EU average for December, which Eurostat reported at 2.2%. For the year as a whole the HICP inflation rate was 2.6% in 2010,
More
The trade deficit widened in January-November to EUR 4.81 bln, from EUR 4.22 bln in the same period of 2009, according to provisional figures for November. Total exports in January-November reached a provisional EUR 1.04 bln, compared with EUR 888,420 in November 2009. Total imports were reported at EUR 5.85 bln, compared with EUR 5.22
More
Credit card spending by locals accelerated in December according to data from the credit card company JCC. Local plastic card use by Cyprus residents increased by 7% over the year earlier to EUR 216,590,621 (EUR 217mln) in December, having risen by 3% in November and 8% in October. For 2010 as a whole, credit card
More
Surging global food prices are an extra headache for emerging markets battling inflationary pressures, but they are unlikely to trigger a radical response by economic policymakers. Call them complacent, but economists do not expect central banks will markedly quicken their exit from loose anti-crisis monetary policies, even though sky-high food costs could cause inflation expectations
More
The head of Britain's largest trade union said on Tuesday that he did not expect British Airways <BAY.L> cabin crew to take strike action during the week of the Royal Wedding at the end of April. Len McCluskey, who is taking over as head of the Unite union, said there were no firm plans to
More
More than a year after Europe's debt crisis erupted, the region has a chance to halt the spread of the instability — but only if governments take more radical action to protect Spain. Madrid will have to reveal more information about the health of Spanish banks and probably announce fresh steps to cut its budget
More
France is not accusing any country of involvement in an industrial espionage case at carmaker Renault, government spokesman Francois Baroin said on Tuesday. "There is no official accusation by France and the French government toward any country today. An enquiry is under way," Baroin told Europe 1 radio, adding: "Renault, like others, is the victim
More