Foreign Minister Ahmet Davutoglu said on Friday Israel's diplomatic presence in Turkey was being cut to second secretary level, effectively expelling Israeli diplomats in protest over an Israeli raid on a Gaza-bound
Some of the world's richest families are cutting their holdings in gold to take profits on the run-up in prices and are buying high-end art to preserve their wealth during market turmoil,
Inflation rate declined 2,9% in August, compared to 3,7% in July 2011. According to Cyprus Statistical Service data published Thursday, the rate of increase of the Consumer Price Index, and therefore the
The outlook on Cyprus's banking system remains negative, Moody's Investors Service said in a report Thursday. The rating agency’s pessimistic view is based on the tough operating environment in the banks' main
Prostitutes in the German city of Bonn must carry a ticket purchased from a new parking meter-like machine while working the streets or face hefty fines from tax authorities in a scheme
Cyprus Energy Regulatory Authority (CERA) approved Wednesday an extraordinary increase of 8% (6.96% plus VAT) to the final bill of all consumers of the Electricity Authority of Cyprus (EAC). Head of CERA
* VAT hike to 17% expected in September * Parliament approved on Friday the Cyprus government’s first package of austerity measures aimed wrestle down its high deficit, which politicians said had
* BOCY impact on equity €20 mln; MPB €56 mln; HB €23 mln * The island’s two main banks, Bank of Cyprus and Marfin Popular, have taken a hit in their first
Ester Levanon, CEO of the Tel-Aviv Stock Exchange, will be the main speaker at the annual business lunch hosted by Cyprus-Israel Business Association and the Embassy of Israel in Nicosia at the
Paphos is getting ready to host the 13th annual opera at the medieval castle this weekend with the National Theatre of Prague performing Jacques Offenbach’s “The Tales of Hoffman”. The harbour area
