The accession of Cyprus to the European Union in May 2004 has created new opportunities for international financial services companies based in Cyprus and in the wider Mediterranean area, making the island a suitable platform for investment activities around the world and in new markets such as Russia. In an interview with the Financial Mirror,
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— 600 Cyprus companies invest EUR 110 mln in a year  Cyprus is one of the largest foreign investors in Romania currently maintaining its eighth position in the overall rankings with most of the interest remaining in property and real estate, said Iuliu Winkler, Romanian Secretary of State in charge of international trade, tourism
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Standard & Poor’s Ratings Services said today that the Ukrainian political crisis has had little impact so far on the country’s banking system, but could hurt near-term growth if the turmoil endures and undermines business activity. “Political speculation has not targeted domestic banks and the liquidity situation is adequate, in contrast with the previous political
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Following a fine imposed by the Greek Government on 18 June 2007 on the Captain and the company owning the ‘Sea Diamond’which sank near the island of Santorini on 6 April 2007, Louis Pcl (LUI) announced that any fines as well as any other claims relating to this accident are fully insured. The ‘Sea Diamond’
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Cyprus Government Spokesman Vasilis Palmas inaugurated the Europe Direct Centre which aims to inform Cypriot citizens, both Greek and Turkish Cypriots, about the policies of the EU and the benefits from Cyprus’ membership to the EU.The Europe Direct is located in the premises of the European Institute of Cyprus (EIC) in Nicosia and will cover
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Up to 70% of Cypriots are optimistic about the Future of the EU, according to the EU-wide Eurobarometer, carried out between April and May 2007 and which was made public in Brussels.The Eurobarometer survey shows that Cypriots favour the further enlargement of the EU, while they are becoming more sensitive to climate change issues.Regarding the
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The European Parliament (EP) approved by an overwhelming majority (585 in favour, 14 against and 90 abstentions) a report by a German Euro MP which gives the green light to Cyprus’ entry into the euro area in January 2008. The EU summit will take a political decision on the two countries’ applications this week, then
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European Union Heads of State and Government, who meet in Brussels Thursday and Friday, will decide on the accession of Cyprus and Malta to the euro area. Cyprus President Tassos Papadopoulos represents the country at the European Council. In her invitation to the EU leaders to attend the European Council, German Chancellor Angela Merkel, whose
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The Cyprus Council of Ministers has approved the draft of an interstate agreement between Cyprus and the Kingdom of the Netherlands on the Holding of Oil Reserves, under the title “Agreement between the Kingdom of the Netherlands and the Republic of Cyprus on the Reciprocal Holding of Stocks of Crude Il and/or Petroleum Products.â€The Council
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by Rebekah Gregoriades Brussels, (CNA) – Cypriot President Tassos Papadopoulos met in Brussels on Thursday with President of the European Parliament Hans Gert Poettering, with whom he discussed the Cyprus problem, the accession of Cyprus to the Eurozone and the European Council, which begins later on in the day. Speaking after the meeting, Poettering said
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