The U.S. Treasury Department will announce on Monday that three more funds have met requirements to get government financing that will let them begin purchases of banks' so-called toxic assets. Treasury said
Minister of Communications and Works Minister Nicos Nicolaides expressed confidence on Monday that “shipping will recover from the current crisis,” noting that “the intensity of the shipping crisis is beyond any traditional
Efthymios Mitropoulos, Secretary-General of the International Maritime Organization appeared confident on Monday that despite the current global economic downturn there will always be a demand for shipping. In an address to the
The shipping industry has been one of the main contributors to the development of Cyprus and especially the city of Limassol, its mayor Andreas Christou said during a special ceremony to honour
Zoltán Kazatsay, Deputy Director General of the European Commission Directorate-General for Energy and Transport and presented "The European Union's View on the Shipping Crisis". Kazatsay expressed his pleasure for taking part at
State-owned Eurocypria, that was spun off from troubled national carrier Cyprus Airways (CAIR) and sold back to the government for 23 mln euros, will remain a separate entity and continue to fly
The board of governors and the Director of the Cyprus International Institute of Management have decided to confer an Honorary MBA degree to Ambassador Zhao Yali of the People’s Republic of China.
Deflation in Cyprus deepened in September, as the consumer price index fell by 1.23% compared with the same month of 2008, having fallen by 0.99% in August and 0.80% in July. Compared
Greeks will elect a new parliament on Sunday. Here are some key facts about how they will vote, who is running and how the results will be announced: VOTERS & CANDIDATES: –
Minister of Finance Charilaos Stavrakis and Vice President of the European Investment Bank (EIB) Ploutarchos Sakellaris signed an agreement of guarantees on Thursday, providing for a loan of 30 million EUR from
