The European Commission announced Thursday new maps showing the nine major corridors which will act as a backbone for transportation in Europe`s single market and revolutionise East–West connections. According to a Commission’s press release, to match this level of ambition, EU financing for transport infrastructure will triple for the period 2014–2020 to €26 billion. Taken
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The General Court of the EU announced Thursday it has accepted to examine twelve applications, which request the annulment of the Eurogroup’s decision on Cyprus which was taken in March 2013. All twelve applications ask for the annulment of the decision of the Eurogroup on Cyprus of 25 March 2013 concerning the political agreement concluded
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The huge potential to increase Chinese investments in Cyprus has been pointed out by Secretary of the Cyprus-China Business Association (CyChiba) Andis Nathalael, who has noted the rapid rise of direct investments from China in Cyprus in 2010-2011, when the relevant index skyrocketed from 1.36 million US dollars to 90.0 million. What is needed, Nathanael
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The first phase of an EU-backed plan to lay the world's longest subsea electricity cable could be completed by 2017, ending Europe’s reliance on Russian energy supplies, while allowing Israel to export power generated from its newly found offshore gasfields. Some 820 nautical miles of cable making up the EuroAsia Interconnector will link energy-hungry Europe
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Ukrainian President Viktor Yanukovich said he is ready to sign a law to allow jailed opponent Yulia Tymoshenko to go abroad for treatment, in an attempt to clear the way for the signing of a landmark agreement with the European Union. However, Yanukovich, whose comments were reported on his official web site, made no mention
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Australian stocks hit a five-year high on Friday as Asian shares celebrated China's quickening growth — just a day after U.S. legislators finally broke a confidence-sapping fiscal impasse. As the U.S. debt drama faded, speculation grew over when the Federal Reserve would pare back its stimulus reduction drive — supporting riskier assets but keeping the
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The European Union's highest court rejected on Thursday a German man's challenge to the inclusion of his fingerprints in his passport, saying such data helped to prevent identity fraud and to curb illegal immigration. EU rules requiring newly issued biometric passports to include fingerprints came into effect in 2004, though a full rollout has taken
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– Greek banks seen recovering along with broader economy – Athens stock market an outperformer in 2013 -Many pension funds still see Greece as too risky Bailed-out Greece is luring back foreign investors betting on more gains in its bank-dominated stock market and an eventual economic recovery, Thomson Reuters data shows. Athens remains a market
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Millennials are tech-savvy young adults who grew up with smartphones and iPads, but many think technology makes people less human, according to a poll released on Thursday. The survey of 12,000 people aged 18 and older in eight countries, commissioned by Intel Corporation, also showed that 18- to 24-year-olds want technology to be more personal
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Bad weather is being blamed for the crash of a Lao Airlines plane which plunged into the Mekong river in southern Laos killing all 49 people on board, among them nationals of 10 countries. The ATR-72 turboprop plane flying from the capital Vientiane crashed at about 4.10 p.m. (0910 GMT) on Wednesday just eight km
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