Cyprus prepares for Euro elections

The Ministry of the Interior will be posting 20,000 letters over the next few days to new voters, who are or will be 18 years old in June 2009, when the European

Cyprus Rally 2009 preparations underway

With work well underway to prepare for the 2009 Cyprus Rally, organisers have announced that a Service Park will be created, and work on the Park will be overseen by two local

Cyprus and Greek stocks dive on S&P downgrade

Cyprus and Greek stocks went into a free-fall on Wednesday after Standard & Poor's Ratings Services cut its credit ratings on Greece's sovereign debt o, due to falling economic competitiveness and a

Cyprus Airways continues renewal of fleet

Cyprus Airways (CY), Cyprus’ national air carrier, have sold one of their old Airbus A320, in the framework of their strategy to renew their fleet. The Airbus was sold for $5.6 mln.

Britain offers credit lifeline for business

Britain launched a scheme on Wednesday to guarantee billions of pounds of loans to small and medium-sized companies as pressure grows on the government to fight a deepening recession. Business minister Peter

Cyprus crisis meeting to boost tourism

The Cyprus Crisis Management Committee on Tourism has decided to submit to the Ministry of Commerce, Industry and Tourism a number of measures to boost Cyprus’ tourism industry, amidst the world financial

Obama vows better control of $350 bln bailout cash

U.S. President-elect Barack Obama promised on Tuesday stricter control over a financial rescue package, winning over some skeptical lawmakers who had threatened to block release of $350 billion that regulators said the