Oil rose above $47 a barrel on Tuesday on expectations that OPEC may lower output further at a meeting on Sunday and as analysts forecast a drop in U.S. crude inventories. The Organization of the Petroleum Exporting Countries meets in Vienna on March 15 to decide whether to cut production further to support oil prices
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A panel of European Union lawmakers voted in favour of capping the wholesale cost of using a laptop to surf the Internet while travelling outside a home state. EU regulators and the European Commission want to end "bill shock", when business travellers or holidaymakers come back home to huge charges for checking emails or surfing
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Romania asked the EU's executive for aid on Tuesday to save it from a possible financing crisis, making it the latest member of the bloc to cry for outside help against the global economic storm. Once the European Union's fastest growing country, Romania is scrambling to address an evaporation in foreign lending and investment that
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By Andrew Hay Unemployment is rising faster in Spain than in any other developed country, stoking calls for labour reform, but an overhaul is unlikely before 2010 when joblessness may top 20 percent and force the government to act. In just 18 months, Spain has gone from creating over a third of new jobs in
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By Brian Gorman Stock market turmoil is forcing an increasing number of small British companies to abandon their public quotations, with many deciding the cost of staying listed outweighs any potential benefit. Analysts say up to a third of companies listed on Britain's Alternative Investment Market (AIM) could delist this year, accelerating a trend begun
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More than 1.1 million songbirds prized as culinary delicacies were illegally slaughtered by trappers in Cyprus in the past year, a conservation group said on Tuesday. Cyprus lies on a key migratory route and bird trapping has been commonplace for years. Trappers use either fine mist nets or sticks dipped in sticky lime. "The figure
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The Ministry of Commerce, Industry and Tourism and the Competition and Consumer Protection Service in particular are promoting a series of actions and measures aimed at providing information, raising awareness and at the same time protecting citizens regarding consumer issues. These actions and measures were announced by Minister Antonis Paschalides at a press conference held
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The 4th Cyprus Wine Competition will take place in Limassol from 11-14 March, according to Wine Products Council Director Yiannakis Georghiades. Speaking at a press conference, Georghiades said that the aim of the competition to secure international recognition was achieved and for the second time round, with the collaboration of the Thessaloniki Wine Competition, the
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The Cyprus Tourism Organisation (CTO) estimates that the numbers of tourists from Russia will increase in the coming months, despite the 19,3% overall decline tourist arrivals experienced in February. The CTO says that the 19.4% rise in arrivals from Russia is encouraging and notes that it was achieved thanks to the implementation of a CTO
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On the Third Anniversary of the entry into force of the Financial Aid Regulation, the European Commission is organising a Reception together with Turkish Cypriot Counterparts and Beneficiaries. The event will take place at the EU Programme Support Office (38-44 Girne cad.) on 10 March 2009 at 17.30. It is three years since the European
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