European Central Bank President Jean-Claude Trichet called on euro zone countries on Thursday to rein in spending, particularly on wages in the public sector, amid a worrying rise in people out of
Oil rose above $44 a barrel on Thursday after the United Arab Emirates announced deeper cuts in crude supply to Asia for April in a possible signal that OPEC will cut output
The 2008 report on human rights in Cyprus, part of the annual US State Department report says Cyprus continued to be used as a centre for trafficking of persons. The report further
Euro zone states have always shown solidarity to each other and will continue to do so, Chancellor Angela Merkel said on Thursday, her strongest signal to date that Germany may be prepared
Britain launched a huge scheme on Thursday to insure "toxic assets" that have brought many banks to their knees as Royal Bank of Scotland reported the biggest loss in British history. Increased
Louis Plc (LUI) issued its 2008 preliminary results posting a loss of EUR30.8 mln compared to a profit of EUR 13.3 mln in 2007. Revenue decreased to EUR 273mln from EUR 314
Governor of the Central Bank of Cyprus Athanasios Orphanides assured on Wednesday that the global financial crisis has affected Cyprus to a lesser extent compared to other EU countries, and that the
President of the Republic Demetris Christofias said on Wednesday that, despite any obstacles, educational reform will become a reality during his term in office. The President was speaking at an event to
Cyprus Airways will be cancelling their two flights from Larnaca to Athens via Paphos and their flight from Athens to Larnaca via Paphos, as of March 30, 2009. In a press release,
Bank of Cyprus Board has decided to proceed with the issue of convertible capital securities up to EUR 645 mln in an effort to further strengthen its capital. According to the Group’s
