The second Call for Proposals under the EU “Schools’ Initiative for Innovation and Change” Grant Scheme will give grants of between EUR10.000 and EUR 50.000 to pre-primary, primary and secondary schools in the northern part of Cyprus. Overall, up to EUR 745.000 will be available. The grants are financed from the EUR 259 mln EU
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The Republic of Cyprus is putting forward a new migration policy that incorporates a specific integration policy and aims at the realisation that integration does not, in any way, affect the rights of the local population, said here Tuesday Interior Minister Neoclis Silikiotis. The Minister also said that the absence of a readmission agreement between
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Oil dropped $2 a barrel on Tuesday, weighed by doubts about the U.S. bailout plan and as investors booked profits after an historic one-day rise in the previous session. U.S. crude for November fell $2.02 to $107.35 a barrel by 1019 GMT, after rising nearly $7 on Monday. November Brent crude traded down $2.24 to
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Prime Minister Gordon Brown will return to a familiar theme — a fairer Britain — in a speech to his Labour Party on Tuesday, knowing many have lost faith in his leadership and are looking to replace him. One member of Labour's executive committee told Reuters the prime minister had been given time to sort
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A decade ago, Federal Reserve Chairman Alan Greenspan declared that Asia would realise that "market capitalism, as practiced in the West, especially in the United States, is the superior model". Asia never quite saw it that way. Now the region's policymakers can feel that the collapse of Wall Street investment banks and Washington's planned $700
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The Board of Directors of K. Athienitis Contractors (ACD.CY) have approved a plan to proceed with the issue of guaranteed bond issue amounting to EUR 10 mln for five years at 7% interest. Marfin Popular Bank is guaranteeing the capital and interest while Laiki Investments Pcl (LI.CY) are the issue managers.
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Cypriot Foreign Minister Markos Kyprianou met Monday US Assistant Secretary of State Daniel Fried, whom he briefed on the latest developments regarding the Cyprus issue. During the meeting, which took place on the sidelines of the UN General Assembly, Kyprianou and Fried also discussed bilateral issues and the situation in Georgia. Speaking to the press
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Goldman Sachs Group Inc and Morgan Stanley are not the companies they used to be. Both became bank holding companies on Sunday evening and both will be able to sell assets into a new $700 bln government fund for distressed debt. Early Monday, Morgan Stanley agreed to sell up to 20% of itself to Japan's
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American International Group Inc should have a list of assets it wants to sell by next week, its new chief executive said on Monday, as the company prepares to split itself up to repay an emergency bailout loan. The New York-based financial titan, which was once the world's most valuable insurer, needs to raise cash
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Japan's new leader, Taro Aso, may pick former trade minister and China critic Shoichi Nakagawa as finance minister, a newspaper reported on Tuesday, amid speculation of a November snap election. Aso, an outspoken nationalist and advocate of tax cuts and spending to boost the economy, won the ruling Liberal Democratic Party (LDP) leadership vote by
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