The Republic of Cyprus aims to receive EUR48 mln from the EU solidarity funds to better manage migration flows for the next five years. Minister of the Interior Neoklis Sylikiotis said that the amount of EUR48 mln from the External Borders Fund, the European Refugee Fund, the Return Fund and the Integration Fund, is very
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The European Commission fully supports the efforts of the leaders of both communities in Cyprus to achieve a comprehensive settlement of the Cyprus issue under the United Nations (UN) auspices, European Commissioner for Enlargement Olli Rehn has said. In a written reply he has given to Cypriot MEP Panayiotis Demetriou, Rehn stresses that the Commission
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. By Ozay Mehmet, Ph.D Professor Emeritus of International Affairs, Carleton University, CANADA Everything must come to an end, even the Cyprus Problem, the never ending saga of Turkish and Greek Cypriots to find an acceptable formula of sovereignty sharing to live together in a united island. It looks like the much-heralded Talat-Christofias talks are
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It is difficult to find an original Mother’s Day present every year. Trust now has something new: a Mother’s Day pack ready for immediate use! Mothers are only spoilt once a year with presents and breakfast in bed. After yet another self-embroidered handkerchief, perfume gift voucher or bubble bath, when she does not even have
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Muskita Aluminium Industries (MAI) released its preliminary 2008 results with net profit declining 26.7% year-on-year to EUR 7.8 mln from EUR 10.68 mln in 2007 primarily because of the accelerated goodwill write off of the Company’s subsidiary ‘Universal Components’ amounting to EUR 2.99 mln. EPS was reported at 9.5 euro cents. MAI’s sales fell by
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World stocks rose from the previous day's three-month low on Thursday, while the dollar and government bonds fell, as some European corporate quarterly results were better than the most pessimistic expectations. Nestle the world's biggest food group, beat forecasts with underlying sales growth of 8.3 percent in 2008 and it was cautiously upbeat for 2009.
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The Bank of Japan pledged to enhance its supply of low-cost funds and extended its commercial paper buying scheme on Thursday as it battles a credit crunch that is pushing the world's second-biggest economy deeper into recession. In a widely expected move the central bank kept interest rates unchanged at 0.1 percent and also announced
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Copying a few pages from the playbook of Apple Inc's iPhone strategy, which brings many of the powers of the Internet to mobile phones, is no way to beat the computer interloper at its game. But that's exactly what many of the world's biggest handsets makers are trying to do with new copycat phones and
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Facebook's efforts to build a business model around its online social network have hit another roadblock, as a backlash by its users forced the company to reverse a new policy. The dispute involves changes that Facebook had made to its terms of service agreement. Some critics said the changes appeared to give the company a
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Shares in UBS AG rose sharply on Thursday as investors hoped the embattled Swiss bank would refocus on pressing restructuring issues after a landmark settlement of U.S. tax fraud charges. UBS agreed to pay $780 million in Wednesday's settlement – a lower figure than some had expected – as well as identify some American clients
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