Britain's economy unexpectedly came to a standstill in the second quarter, its weakest performance since the recession of the early 1990s, revised official data showed on Friday. The Office for National Statistics
Logicom Public Co Ltd. (LOG.CY), Cyprus’s largest IT Group with extensive activities in the Middle East, east and central Europe announced the appointment of Michalis Sarris and Giorgos Papaioannou as additional Board
C.T.O. Public Co Ltd. (formerly Lemeco Silvex) has forecast that cigarette exports from Cyprus during 2008 will reach EUR 8 mln under its Raquel brand, which is now being marketed globally in
Oil prices extended gains above $121 on Friday, a day after their biggest jump in 3 months, as a renewed slump in the U.S. dollar and mounting tension between the United States
The Cyprus Finance Ministry has assumed responsibility for managing the country’s public debt following a decision by the cabinet, which effectively means the Central Bank of Cyprus has to relocate up to
Cypriot commercial banks expect to boost their overseas operations following a decision by the Cyprus Central Bank to ease the minimum liquidity reserve requirement in foreign currencies, officials said. In a directive
International activists departed from Cyprus by boat on Friday in an attempt to run an Israeli sea blockade on 1.4 million Palestinians in Gaza. The 44 activists sailed from the port of
Popular Cypriot composer Achilleas Lymbourides has passed away, at the age of 88. Born in Nicosia in 1920, Lymbourides studied music and violin. He is considered to be a pioneer composer of
Oil rose by more than $6 a barrel to nearly $122 on Thursday, climbing for a third day, as Washington's missile shield deal with Poland angered Russia, adding to international tension. The
The United States expects to help Georgia rebuild its military following the conflict with Russia over breakaway South Ossetia, a top U.S. general said on Thursday. "One would assume … we would
