The European Commission adopted Friday a reprogramming plan that will help promote growth in Cyprus and strengthen the impact of EU regional funds there. In a press release, the Commission said that the decision to redirect €21 million worth of Regional Funds “is intended to help the country deal with the current socio-economic crisis and
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On 2 May 2013 a new euro banknote of the denomination 5 euro will be issued. The new banknote will have enhanced security features. Its issue will initiate the introduction of the second series of euro banknotes, the “Europa series”. The other denominations, i.e. 10, 20, 50, 100, 200 and 500 euros, will be introduced
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Confirmatory drilling in block 12 of Cyprus` exclusive economic zone will begin as soon as the rig is transferred there, in mid- or late June, and is expected to be completed by October, Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis has said. To remarks that the interim solution for importing natural gas seemed
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Thirty-eight people were feared dead after a fire raged through a psychiatric hospital north of Moscow early on Friday, killing some patients in their beds and trapping others behind barred windows. The fire, which raised questions about the care of psychiatric patients in Russia, swept through a single-storey building at the hospital, a collection of
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– Funerals held daily for Hezbollah soldiers killed in Syria – Syrian opposition members ask Hezbollah to withdraw men – Sunni Muslim Syria rebels fire missiles into Shi'ite Lebanon town Along north Lebanon's highways, the portraits of Hezbollah militants who have died in skirmishes with Israel are fading. But there are glistening photos of those
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North Korea rejected on Friday a South Korean proposal for talks aimed at restarting a joint factory zone saying the South has acted in an "unpardonable" manner to jeopardize a "precious" legacy of the rivals' bid to seek peace. The North's National Defence Commission, its supreme leadership body, repeated that what it saw as the
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Southeast Asian nations have quietly begun to row back on a deadline of forming an "economic community" by 2015, confirming what many economists and diplomats have suspected for years as the diverse group hits tough obstacles to closer union. Rather than referring to the end of 2015 as a firm goal, officials at this year's
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The Minister of Finance, following a recommendation from the Governor of the Central Bank, issued a Decree tonight which eases restrictive measures which had been imposed on transactions. This Decree shall apply for a sixteen day period starting from the day of its publication in the Official Gazette of the Republic. The maximum amount of
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The Minister of Finance, in exercising the powers granted to him by sections 4 and 5 of the Enforcement of Restrictive Measures on Transactions in case of Emergency Law of 2013, following a recommendation from the Governor of the Central Bank, issued tonight a Decree on foreign credit institutions. This Decree shall apply for a
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Asian shares rose on Friday, tracking global equities higher after an upbeat U.S. labour market report, while the dollar eased on caution ahead of first quarter growth data from the world's biggest economy. European stock markets were seen falling, with financial spreadbetters predicting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX would open down as
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