Government efforts focus on accelerating the process of exploiting hydrocarbons in the Cypriot Exclusive Economic Zone, Energy Minister Giorgos Lakkotrypis said yesterday, adding that two exploratory drilling are expected to take place in 2014 and one more in 2015. He said there were encouraging prospects and called for patience. In statements in the southern coastal
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Cadbury Crème Eggs are the most sought after Easter product among Brits abroad, according to recent data released from an online supermarket for expats. The data was put together by www.BritishCornerShop.co.uk , who stock over 8,000 branded British products and deliver to expats in over 130 countries. “In 2013 we sold almost 10,000 Cadbury Crème
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Ryanair has kicked off its Paphos summer season which includes a new route to Athens giving passengers in Cyprus a choice of ten destinations for summer 2014. The low-cost airline released 100,000 seats on sale across its entire European network, with prices starting from 19.99 euros for travel in May and June, which are available
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Eight Lufthansa flights from and to Larnaca international airport will be affected due to a strike by the German company`s pilots` union. Disruptions concern flights from and to Frankfurt and Munich airports. According to Hermes Airports spokesman, Adamos Aspris, the eight flights – four departures and four arrivals – were scheduled between the early hours
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Cyprus unemployment rose in February 2014 to 16.7%, from 16.5% in January, according to Eurostat data released Tuesday. The number of unemployed people in Cyprus reached 74.000. The euro area seasonally-adjusted unemployment rate was 11.9% in February 2014, stable since October 2013. It was 12.0% in February 2013. Unemployment in the 28 EU member states
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European Investment Bank President (EIB) Werner Hoyer will pay a one-day official visit to Cyprus. During the visit he will sign an agreement with Cooperative Central Bank for a loan amounting to 25 million Euros aiming at financing small and medium size enterprises. The Ministry of Finance announced that Hoyer, will visit Cyprus on 3
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Eurogroup President Jeroen Dijsselbloem has dismissed worries that Cyprus like Greece will need additional help from its international lenders, noting that the two cases are not similar and that he expects that Cyprus will recover in the short-term. Dijsselbloem, who was addressing a student lecture at the University of Cyprus, further said that had the
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The Eurozone economy has started the week by taking centre stage with the release of disappointing inflation data showing a slowdown in the region’s economy. The flash CPI reading, a key indicator of the health of the economy, decreased from February’s reading of 0.7% to 0.5%, which now puts substantial pressure on European Central Bank
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Russia’s ambassador to Cyprus Stanislav Osadchiy has said that his country recognizes the fact that Cyprus is an EU member state and thus has to act within this framework with regard to the Ukraine crisis, noting that Cyprus – Russia relations will continue in the future. Russian Ambassador was speaking to the press following a
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Cyprus President Nicos Anastasiades said on Monday that more discussion on all aspects of the Cyprus problem is necessary. In statements on his return to the Presidential Palace, after a meeting with Turkish Cypriot leader Dervish Eroglu, in the framework of UN-led talks for a Cyprus solution, President Anastasiades said that the two sides took
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