Cyprus participated in the 7th International North Rhine Westphalia Modern Dance Fair in Dusseldorf, Germany, along with some 100 exhibitors from various countries, who presented dance productions, their groups and their creations. According to an official press release, at the recent biannual fair great interest was shown in the Dance Platform and the European Dance
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Cyta Hellas, the Greek subsidiary of the state-owned telco, is about to conclude its broadband network expansion plans in October, by raising the fibre-optic cable from 700km in July to 1,100 by the end of next month. The company has taken advantage of the Greek government’s policy to promote broadband telecom services in the regions
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. It was quite a long wait, but we finally heard some sense from the Finance Minister as regards the enormous public payroll, the high cost of pensions and the over-privileged civil servants. “One of the possible solutions is to change the pension plan for the newly hired employees in the public sector and the
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The EIB and UniCredit Corporate Banking have signed a EUR 81 mln loan agreement with Italy’s Atlantica SpA di Navigazione (Grimaldi Group) aimed at expanding its Mediterranean fleet with four new cruise ferries. The loan will be advanced through UniCredit Corporate Banking as part of a total credit line of EUR 250 mln made available
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By Louis Charbonneau The world's wealthiest countries are reneging on promises to boost development aid, threatening U.N. targets for drastically reducing poverty by 2015, according to a new U.N. report released on Thursday. The report on progress on the so-called Millennium Development Goals (MDGs) said there has been improvement in providing debt relief to the
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BERLIN, Sept 4 (Reuters) – A regional branch of German industrial union IG Metall said on Thursday it was seeking a wage increase of 7-8 percent for engineering workers in a move likely to serve as the basis for a nationwide pay demand. "The income situation of the sector is extremely good," said Joerg Hofmann,
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US Senator Joe Biden, running mate of Democratic presidential candidate Barack Obama and an experienced diplomat, has called for the “full withdrawal” of Turkish troops from northern Cyprus in an interview posted on''Kathimerini'' on- line edition. According to a press release, Biden, chairman of the Senate’s Foreign Relations Committee – who has referred to the
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The euro fell against the dollar on Thursday after European Central Bank President Jean-Claude Trichet said the euro zone was in an episode of weak economic activity. The euro was last down 0.2 percent at $1.4458, compared with $1.4480 before Trichet's comments. "It looks the euro is weakening off a little bit as the market
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New car registrations in Britain fell an annual 18.6 percent last month to record the market's weakest August since 1966. The Society of Motor Manufacturers and Traders said there were just 63,225 car registrations last month. The average for a month of August over the past eight years has been around 75,000. "The August market
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Global equities hit a new two-year low on Thursday as central banks in Britain and the euro zone kept interest rates on hold and a U.S. report pointed to a deteriorating jobs market. The dollar steadied against major currencies and Wall Street looked set for poor start. MSCI's main world stock index dropped a quarter
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