European Investment Bank showed interest to support Cyprus’ economy and its President is expected to visit the island in early November, Minister of Communications and Works Tasos Mitsopoulos said Wednesday, after a meeting with a delegation of the Bank in Nicosia. "We were told that the President of the EIB will visit Cyprus in early
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Russia’s Ambassador to Cyprus Stanislav Osadchiy has said that Moscow is following with “great interest” the developments in the Cypriot economy following Eurogroup’s decisions for Cyprus back in March. The Russian Ambassador was speaking to the press following his meeting with the General Secretary of the Ecological and Environmental Movement, Cyprus` Green Party, George Perdikis,
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The new Bank of Cyprus board of directors, installed after the controversial shareholders’ meeting on September, has appointed the five committees that together with the executive management team, is running the bank in the absence of a CEO. The bank announced 2.2 bln euros in losses for 2012 last week, in a set of results
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Cyprus Investment Promotion Agency (CIPA) has intensified its targeted actions aimed at restoring Cyprus’ image as a reliable destination for foreign investment. Towards that direction, CIPA’s representatives have recently traveled to Britain, Ukraine and India. According to a press release issued by CIPA, the Director General Charis Papacharalampous has recently visited London, where he had
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A ministerial meeting, called by the President of the Republic, will be held on Thursday to examine issues related to the national air carrier, Cyprus Airways. The meeting will take place at the Ministry of Finance with the participation of the Finance Minister, the Communications Minister, the Minister of Labour and the Minister of Commerce.
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Annual inflation in Cyprus increased slightly in September, but the country has the third best performance in the Eurozone, after Greece and Ireland. According to Eurostat, the statistical office of the European Union, inflation in Cyprus was in September 0.3% compared with 0.1% in August. Euro area annual inflation was 1.1% in September 2013, down
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World stocks and the dollar marked time on Wednesday as nervy investors stuck to hopes that U.S. politicians would come to a last minute deal to prevent the country defaulting on its debt. U.S. Senate aides said after a chaotic day of negotiations on Tuesday that an agreement to lift the government's $16.7 trillion borrowing
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Four people were reported killed, schools closed, hundreds of flights cancelled and thousands were advised to evacuate as Typhoon Wipha pummelled Tokyo on Wednesday, although the Japanese capital escaped major damage. Operators of the wrecked Fukushima nuclear power plant north of Tokyo pumped rainwater out of protective containers at the base of some 1,000 tanks
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Twitter Inc revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year's most anticipated IPOs. The online messaging service's decision to go with the older exchange deals a blow to the tech-heavy Nasdaq, which bungled Facebook Inc's 2012 offering. Twitter is
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The death toll from a strong earthquake in the central Philippines has risen to almost 100, officials said on Wednesday, and rescuers were digging through the rubble of a church and a hospital in search of more victims. At least 10 people were missing under the collapsed public hospital, church and a home in the
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