London's financial services centre would lose access to the wider European Union should Britain quit the bloc, the EU's justice chief said yesterday, warning that such a move would reduce its status to that of an offshore centre. Viviane Reding's blunt comments come amid a heated debate in Britain over its future in the 28-country
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Energy consumption has fallen in Cyprus in the period 2006-2012 Cyprus, according to data released Monday by Eurostat. According to the data, the total energy consumption in Cyprus amounted to 2.5 million tonnes of oil equivalent in 2012, while across the EU reached 1.682,9 million tonnes. The higher energy consumption in the EU was recorded
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A large team of major Ukrainian journalists from leading political, economic and tourist publications of the country arrived in Cyprus for a seven-day stay on the island after the invitation they received form the Cyprus Organization of Tourism. During their stay they had the opportunity to visit various locations of the island as well as
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After a delay of two decades, Cyprus will at last start a gradual adoption of the national health scheme half-way next year with its full implementation by 2016, subject to the state of the economy. Health Minister Petros Petrides said on Monday that the NHS is the only outstanding issue remaining from the package of
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The week ahead once again looks to be busy with important jobs and CPI data announcements for the major economies that are expected to generate market volatility. The threat of global disinflation is putting pressure on US and Eurozone policy makers to keep monetary policy loose for longer. The US dollar started the week by
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Matteo Renzi outlined an ambitious plan for Italy on Monday as he was appointed the country's new prime minister, vowing to urgently pursue far-reaching financial and political reforms in his first few months in office. Mr Renzi was summoned to the Quirinale, the presidential palace, following the resignation of Enrico Letta on Friday and will
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Limassol and Larnaca ports are operating normally on Monday, following a 24hour strike by port employees last Friday. The business activities of the two ports were also affected by a decision by the port employees unions to abstain from overtime during the weekend. A decision that is still in place and might cause some problems
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The evaluation of Cyprus’ economic program will be among the issues to be discussed at Monday’s Eurogroup meeting. Troika officials (EC, ECB, IMF) will brief Eurozone Ministers of Finance on the recent results of the third evaluation of Cyprus’ economic program. The evaluation is set to be approved during Eurogroup`s next meeting on the 10th
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A co-pilot on an Ethiopian Airlines flight bound for Rome hijacked the airliner early Monday morning and flew it to Geneva, Switzerland, looking for asylum. The man, an Ethiopian in his early 30s, was arrested when the plane landed at Geneva International Airport, police said. The 202 passengers and crew aboard the Boeing 767-300 were
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Annita Stylianou of Nicosia is the winner of their latest big prize draw promotion held by CTC-ARI, Cyprus Airports Duty free shopsand Emirates Airline. Throughout September, October and November 2013 passengers travelling through Larnaca airport and purchasing fragrances and cosmetics were offered to try their luck on the “Spin n Win” roulette wheel. The organisers
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