European Commission Vice-President Gunter Verheugen awarded twenty localities including the village of Agros in Cyprus with the title of “best local intangible heritage destination in Europe” on the occasion of the 7th
Retail sales growth slowed in June, according to initial estimates from the Statistical Service. The provisional figures estimate that the turnover volume index of retail trade for June 2008 rose to 149.2,
The Extraordinary General Meeting of shareholders of PrimeTel (PTL) approved unanimously a Board proposal to seek full control of Spidernet (SNET) by offering 3 new PTL shares for every 4 SNET shares
Alitalia SpA was still flying on Friday but the Italian flag carrier faced liquidation in a matter of days after a rescue plan collapsed. The airline cancelled 20 flights at Rome's Fiumicino
Russia is considering renewed ties with OPEC, a minister said on Friday, a move that could rattle nerves among energy consuming nations. Energy Minister Sergei Shmatko said Moscow will send a high-level
The world's central banks jumped to grease money market wheels again on Friday, pouring in more money even as stocks and the dollar rallied in response to an emergency U.S. plan to
The essence of the Cyprus issue and the Middle East problem is found in the fundamental principles of international law, which until today are being flagrantly violated, Cypriot member of the House
A radical U.S. taxpayer-funded plan to restore confidence in battered financial markets by mopping up toxic mortgage-related debt triggered a rally in stocks, but raised questions over how long it would take
Speculators who built slightly more than 2 mln short positions on the share price of Bank of Cyprus (BOCY) through the Athens Stock Exchange on Thursday, which forced the price sharply lower
The Service for Overseas Cypriots is moving forward to create a digital library and is in search of a place to establish a Museum for the Cypriot Diaspora, Director of the Service
