The world economic crisis is the main issue concerning Greek Cypriots and Turkish Cypriots on the island, according to the Eurobarometer, which was released on Thursday. According to the report for the areas under the control of the government of the Republic of Cyprus, the vast majority of citizens (85%) feel satisfied with their lives,

The European Commission presented on Wednesday a comprehensive ten year strategy plan to promote safe, secure, clean and efficient shipping. The long-term competitiveness of European shipping and related maritime industries in world markets, and the adaptation of the entire seaborne transport system to the challenges of the 21st century are at the heart of this

The Cyprus Tourism Organisation and the Cyprus Hoteliers’ Association are making every effort to limit any negative fallout on the island’s main industry, tourism, which has been affected by the world financial crisis, according to officials. Tourist arrivals in Cyprus have dropped to 0,5% in 2008, according to the Cyprus Tourism Organisation, which has warned

British manufacturers' orders fell at their sharpest pace since July 1992 in January despite sterling's weakness as the global economic slowdown is taking a heavy toll on demand, a survey showed on Wednesday. The Confederation of British Industry's monthly Industrial Trends survey showed the factory orders balance tumbled to -48 in January from -35 in

Bank of Cyprus said it is surprised for the inaccuracies and the arbitrary way with which the various assumptions and admissions regarding the results and the prospects of the Group were made by Deutsche Bank in its report on the Greek and Cypriot Banks issued on 21 January 2009. Among others, DB issued a sell

Turkey must not link the channeling of natural gas with political issues, Czech Foreign Minister Karel Schwarzenberg has said, responding to a question by Cypriot member of the European Parliament Kyriakos Triantaphyllides during a meeting of the European Parliament Foreign Affairs Committee. A press release issued by Triantaphyllides bureau said that the Cypriot MEP asked

Finance Minister Charilaos Stavrakis has reiterated he remains cautiously optimistic that growth rate will reach 2% during 2009. Stavrakis was speaking on Wednesday after a meeting with former Finance Ministers of the Republic of Cyprus with whom he exchanged views on the course of the Cypriot economy, how the global financial crisis will affect it