EU sent fiscal warning to Cyprus

* Christofias calls for “understanding” * EU Economic Affairs Commissioner Olli Rehn said on Tuesday that the European Union had sent early warning letters to five member states that risk violating fiscal

Cyprus will continue offshore gas search

The president of Cyprus, which faces Turkish opposition to its plans to explore for offshore gas, said on Monday the island would press ahead with the search and planned a new licensing

Cyprus international road transport up in Q2

International road transport increased by 28.3% in April-June 2011 compared with the corresponding period of 2010, according to the latest figures from the Statistical Service. However, national road transport fell by 15.2%