Cyprus President Demetris Christofias will meet Friday Pope Benedict XVI, in the framework of the official visit he is paying to the Holy See, March 25-28. He will also meet with the Secretary of State, Cardinal Tarcisio Bertone and will be awarded the Highest Honourary Distinction of the City of Rome «Lupa» by the Mayor
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U.S. and European officials outlined plans for strict new financial rules on Thursday to stabilize the economy and curb the risk-taking that nearly wrecked the banking sector and set off a worldwide recession. President Barack Obama's Treasury secretary, Tim Geithner, outlined proposals in Congress that would create a powerful systemic risk regulator with authority to
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Moves aiming at withholding two Cypriot seats in the European Parliament (EP) during efforts to solve the Cyprus problem are not constructive, Cypriot Minister of Foreign Affairs Marcos Kyprianou said on Thursday. Invited to comment on press reports that Turkish Cypriot leader Mehmet Ali Talat has sent a letter to European Parliament President Hans Gert
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Cyprus ranks first in an EU report concerning installed solar collectors per capita, Cypriot Minister of Commerce, Industry and Tourism, Antonis Paschalides said on Thursday. Addressing a conference on Renewable Source of Energy Paschalides said ''today Cyprus innovates globally concerning the use of solar energy for water heating purposes with 90% of the households and
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The Association of Tour Operators and travel agencies of the Czech Republic will organize its first conference of this year in Cyprus. The conference, called by the Czech travel agents as the “contact days”, will take place between April 3-7; with the participation of 90 tourism professionals representing 65 Czech travel agencies. In statements to
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Oil rose above $53 a barrel on Thursday as expectations that economic stimulus packages might be working offset the impact of high oil inventories. U.S. light crude was trading $1.11 up at $53.88 a barrel by 1209 GMT, after hitting a session high of $53.96. It was recovering from a decline of more than a
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European shares slipped on Thursday, snapping a five-session winning streak, as investors remained worried about the health of the financial sector even as recent U.S. data raised hope for a recovery. At 0950 GMT, the FTSEurofirst 300 index of top European shares was 0.5 percent lower at 740.21 points after rising for five sessions in
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U.S. exports, which supported economic growth until collapsing at the end of 2008, are unlikely to fuel a rebound this year, a Federal Reserve official said on Thursday. "In my economic outlook for the remainder of 2009, I do not expect a sudden return of exports as a driver of recovery in the United States,"
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Britain must make sure its budget deficit is sustainable in the medium term or risk damaging business confidence, Bank of England policymaker Andrew Sentance said in an interview published on Thursday. "We do face a position where the fiscal deficit is already very large and we have got to make sure that we have a
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British retail sales plunged in February as snowy weather and economic gloom kept consumers away from the shops, official data showed on Thursday. The Office for National Statistics said sales fell 1.9 percent in February, nearly five times the 0.4 percent fall expected by analysts. That took the annual rate of growth to just 0.4
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