World stocks hit a one-month high on Wednesday and the euro briefly hit a two-week peak as strong gains on Wall Street and the relative success of this week's European debt auctions
New British finance minister George Osborne looks set to announce on Wednesday sweeping new powers for the Bank of England to police the financial sector and prevent another credit crisis. In his
The euro steadied near a two-week high against the dollar on Wednesday, as investors in Asia hesitated to chase its short-covering rally further, while higher yielding currencies stalled after rallying alongside stocks.
Russia is amongst the largest foreign investors in Cyprus, Minister of Commerce, Industry and Tourism Antonis Paschalides has said. Addressing Tuesday the Moscow Business Forum, in Russia, the Minister said that the
Cyprus Airways (CA), Cyprus' national carrier, received a new Airbus A320, as part of a planed fleet renewal. Cyprus Airways announced that the new Airbus, the third A320 CA received this year,
Deputy Minister of Culture and Tourism of Greece Georgios Nikitiades, referring to the memorandum of cooperation to be signed between the two countries, said that relations between the Ministries of Culture of
The European Commission concluded on Tuesday on the existence of excessive deficits in Cyprus, Denmark and Finland and recommended deadlines for their correction to the Council. In a press release, the Commission
Jan. 2010 – Greece unveils stability programme on Jan. 14, saying it will aim to cut its budget gap to 2.8 percent of GDP in 2012 from 12.7 percent in 2009. Feb.
French President Nicolas Sarkozy bowed to German demands for tougher European budget rules as a steep downgrade of Greece's credit rating and distress signals from some Spanish banks put new pressure on
Weaker demand and measures to boost competition will help contain Greece's rising consumer inflation, Finance Minister George Papaconstantinou was on Tuesday quoted as saying. Greek consumer inflation jumped to a 13-year high
