A six-member delegation of the Cyprus – Japan Friendship parliamentary Group, visiting Tokyo, discussed with Japanese officials the Cyprus question, bilateral ties and parliamentary relations, as well as economic and cultural developments in both countries. The delegation was received Wednesday by the Vice-Speaker of the Japanese House of Representatives Takahiro Yokomichi, who expressed the will
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Famagusta Municipality delegation, under Mayor Alexis Galanos, is on a five day visit to the United States in an effort to further promote the cause of the citizens of Famagusta for the return of their home town, which is under Turkish occupation since 1974.During a meeting the delegation had in Washington with members of the
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The value of undeclared work or “black economy†in Cyprus during 2003 accounted for 4.2 percent of the country’s Gross Domestic Product (GDP), according to the latest figures released in Brussels by the Eurobarometer, which also note that these figures are probably higher today because of illegal immigration.On the basis of the 2006 GDP, which
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— Residential development of 350 luxury apartments in Bucharest underway  Demetra Investment Pcl, Cyprus’ largest investment company, has invested EUR 13 mln in a major property deal in Bucharest’s Baneasa Gardens, one of the most sought-after neighbourhoods of the Romanian capital, where it will develop a project of 350 luxury apartments in association with
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Boingo Wireless Inc., which provides access to the world’s largest network of Wi-Fi hotspots, is looking to expand its applications in Cyprus. Chris Gunning, Director of Marketing at Boingo told the Financial Mirror that although the recently announced agreement with Nokia is to build Wi-Fi applications exclusively for Nokia mobile phones for the Boingo Wi-Fi
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An intense price war waged by Cyprus’ commercial banks in their bid to attract deposits is likely to hurt the property market, with bankers blaming the Central Bank for imposing tight liquidity conditions in order to control the spectacular increase in loans in the real estate and properties sectors. Marfin Laiki Bank is widely blamed
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The European Commission has unveiled a Blue Card for skilled migrants, based on the US Green Card, in a bid to attract suitably qualified people and their families to live and work within the European Union. The EU says it needs 20 mln skilled workers over the next two decades, and is very short of
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The European Commission launched a campaign informing Cypriot citizens about their consumer rights both at home and in other EU countries. “EU laws have given consumers rights, but making laws is only one step towards empowering consumers”, Meglena Kuneva, European Commissioner for Consumer Affairs said in a video recorded speech. “To make these rights work
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Cyprus Airways announced that it will continue the summer schedule and will fly three times per week to Bucharest, Romania. Bucharest was launched as a CAIR destination in May and the company expresses its satisfaction since results are more than encouraging so far. “Demand is on the riseâ€, the announcement said, adding that the most
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COMMENT: By Michael S. Olympios  When the Electricity Authority of Cyprus (EAC) couldn’t meet energy demands last summer half of the country’s capital experienced a blackout. Industrial units and hotels shut down air conditioning, people had to sleep in temperatures that exceeded 36 degrees and frustration over the state’s ability to deliver one of
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