By Steve Holland WASHINGTON, Jan 23 (Reuters) – A tottering U.S. economy, an unpopular Iraq war, eight years of Republican control of the White House — it all adds up to a Democratic lock on the presidency in November’s presidential election. Right? Well, maybe. And maybe not. Many Democrats and political experts believe the Democrats
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President of the European Central Bank Jean Claude Trichet, Head of the Eurogroup Jean Claude Junker and EU Commissioner for Economic and Monetary Affairs Joaquin Almunia have noted the good preparation of Cyprus for its positive and normal changeover from the Cyprus pound to the Euro. Cyprus Finance Minister Michalis Sarris, who represented Cyprus at
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Cyprus Tourist Organization (CTO) has concluded an agreement with Cypriot tennis Champion Marcos Baghdatis who will promote Cyprus abroad as a tourist destination.A CTO press release said that the Cypriot tennis player has already participated in a TV spot broadcasted on Eurosport along with Cyprus brandmark “Love Cyprusâ€, in the framework of the Australian Open.The
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Cypriot President Tassos Papadopoulos said on Tuesday that after the signing of the strategic partnership agreement between the UK and Turkey, the Cypriot government conveyed the message to London that the status of the Sovereign British Bases (SBA) in Cyprus was under reconsideration. Replying to questions regarding the problems for the funding of businesses within
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Supplementary pension schemes continue to pose obstacles to mobility for workers across Europe according to two new independent studies presented by the European Commission. The studies support the case for a Europe-wide initiative to improve people’s access to supplementary pension rights when changing jobs or working in another EU country. The Commission’s proposal for a
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— No exposure to sub-prime risk  Bank of Cyprus profits are sustainable based on core banking operations and excellent relations built with clients in Cyprus and abroad, said the bank’s CEO Andreas Eliades responding to reports on the global equity meltdown. “I will not comment on the level of share prices, but I can
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The Cyprus International Institute of Management is organizing two ‘Open Day’ events to promote its world class post-graduate programmes. The first in Nicosia is today, Wednesday, at the CIIM premises next to KEMA in Aglandjia, while the second Open Day will be held in Limassol, Thursday, at the CIIM offices above central Starbucks. CIIM’s MBA
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The Cyprus Inland Revenue Department reported that total tax revenue during 2007 jumped by a record 41% YoY to CYP 1.25 bln or EUR 2.13 bln compared to CYP 888.1 mln or EUR 1.5 bln in 2006 on the back of a sharp advance in revenue from capital gains taxes on property transactions. Capital gains
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Moody’s Investors Service has assigned Ba1 local and foreign currency long-term issuer ratings to Israel Credit Cards Ltd. The outlook for both ratings is ‘stable’. ICC is the second-largest credit card company in the thriving Israeli market, with a market share of around 27%, and operates mainly under the Visa brand. First International Bank of
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NEW YORK (Reuters) -This week could mark the end of the bull market for Wall Street, with U.S. stocks likely to join a global equity market plunge triggered by fears of a U.S. recession. Investors said last week a $150 billion White House rescue plan was too little too late, as more and more data
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