The government cut its budget deficit in half in the first quarter of 2012, thanks to both an increase in revenue and a reduction in expenditure. Revenue rose in January-March by 9.5%
An earthquake with a preliminary magnitude of 4.8 hit eastern Japan on Friday, shaking buildings in the capital Tokyo. There were no immediate reports of damage or injuries, and no tsunami warnings
Cyprus parliament on Friday approved legislation that could part-nationalise the Popular Bank, its second-largest lender and heavily exposed to Greek debt, in a bond-for-equity swap if attempts to raise 1.8 bln euros
* Summer died after battling cancer * Sold more than 130 million records, won 5 Grammys * Hits include "Bad Girls," "Hot Stuff," "I Feel Love" Disco queen Donna Summer, whose
Two hundred and forty seven exhibitors, representing over 1000 local and international companies, will participate in the 37th Cyprus International Fair, which opens its doors Friday and will remain open until the
The European Union said it will honor its commitments to Greece in an effort to make sure it remains within the euro area but said Athens too must meet its obligations to
The Cyprus government decided Thursday to fully underwrite a 1.8 bln euro preference rights issue by the Popular Bank, which the island’s second largest lender said will help “recapitalise the bank through
André Alves's early goal ensured that Omonia retained the Coca-Cola Cup in Cyprus, though newly-crowned champions AEL Limassol made them work hard for it despite being down to ten men for over
The University of Cyprus could be placed among the world's top 200 universities by the next decade, UCy Rector Constantinos Christofides has said. The UCY could be among the world's top 200
Dossiers submitted to the government in relation to the exploration and exploitation of hydrocarbon reserves in Cyprus’ Exclusive Economic Zone (EEZ) will soon be opened. Minister of Commerce, Industry and Tourism Neoclis
