Cyprus celebrates Independence Day

President of the Republic of Cyprus Demetris Christofias has said here Wednesday that the Greek Cypriot side pursues the peaceful reunification of the island on the basis of a bi-zonal, bi-communal federation.

Barroso urges stronger EU financial supervision

The EU needs stronger European financial supervision and greater consistency in national deposit guarantee schemes to stabilise the financial system, European Commission President Jose Manuel Barroso said. Barroso said the existing system

Cyprus president: disastrous to perpetuate partition

Cypriot President Demetris Christofias, who leads the Greek Cypriot community, appealed on Tuesday for reconciliation with the Turkish Cypriots, saying permanent partition would be disastrous for the island. Christofias started reunification talks

Cyprus industrial production up 5.2% Jan-July

The index of industrial production for July 2008 reached 140.1 (base 2000=100), according to the Statistical Service. For July 2008, the index recorded an increase of 5.8% compared with July 2007. For

Cyprus average wage at EUR 1,697

According to the preliminary estimations of the Statistical Service, the average monthly earnings of employees during the second quarter of 2008 reached EUR 1,697 (CYP 993), which is 5.4% higher than in