Cyprus unemployment 4th lowest in EU

Cyprus has the fourth-lowest unemployment rate in the EU, according to Eurostat. Figures for April show the rate at 4.4% whereas in the Eurozone, average unemployment stood at 7.1%. The lowest rate was

Louis ship grazes pier

A Louis Pcl (LUI) cruise ship, the Serenade was slightly damaged when it grazed the pier while docking at the Greek island of Tinos, the company said. A Louis spokesman said while

Cabinet to decide on gas storage

Cyprus may open tenders by the end of this year for the storage of natural gas as it attempts to switch to cleaner forms of energy, Commerce and Industry Minister Antonis Michaelides

Alliance AGM approves dividend

The Annual General Meeting of Alliance International Reinsurance Public Company Limited, which took place on 31 May 2007in Limassol approved the payment of a final dividend of 7% on the nominal value