The Investigative Commission that was appointed to probe into possible civil, criminal or political liabilities concerning developments in Cyprus’ banking sector and the economy, will hold its first public hearing next Friday. According to an announcement, the Commission met Monday at the Filoxenia Conference Center, under its new composition, following the appointment of Andreas Kramvis
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The Cyprus Telecommunications Authority (Cyta) and the Cyprus Ports Authority (CPA) have both expressed their disagreement with the prospect of privatisation and believe they can use their own resources to cover the amount demanded by the Troika, as part of Cyprus` bailout agreement. Speaking after a meeting of the Parliamentary Committee on Finance, which discussed
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Cyprus should serve as the number one choice and an important gateway for Russian businesses into the European market, Minister of Energy, Commerce, Industry and Tourism, Yiorgos Lakkotrypis has said, adding that the Government remains committed to achieving this goal. Lakkotrypis` remarks, made during an address at the two-day conference titled “2013 Global Russia Business
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The political establishment has dismissed Germany's new anti-euro party as a fear-mongering populist aberration that could implode even before a looming federal election. But the first congress of the "Alternative for Germany" (AfD) showed that the movement, launched only a few months ago by a group of renegade academics, journalists and businessmen, is striking a
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– Remarks suggest probe may examine wind shear as possible cause – Both pilots passed drug and alcohol tests The pilot whose Indonesian jet slumped into the sea while trying to land in Bali has described how he felt it "dragged" down by wind while he struggled to regain control, a person familiar with the
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European trucks of the future should have longer, rounded, more aerodynamic cabs to save fuel and cut down on accidents, and adopt some innovations already on the road in the United States. The European Commission estimates that its new rules regarding trucks, being outlined on Monday, could save around 5,000 euros ($6,600) per year in
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After a bungled bailout of Cyprus, the recession-stricken euro zone will stand out for the wrong reasons when finance ministers meet in Washington this week to run the rule over the global economy. China on Monday is likely to report a growth rate of 8 percent for the first quarter, according to economists polled by
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Two soccer fans were shot dead on their way to a match at the Arena Castelao World Cup stadium in the northeastern Brazilian city of Fortaleza on Sunday, media reported. The national Globo network's website (www.globo.com) cited police sources in their report that the two young men, fans of visiting team Ceara, were shot in
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Nicolas Maduro, a former bus driver who became late socialist leader Hugo Chavez's protege, narrowly won Venezuela's presidential election on Sunday but his rival refused to accept the result and demanded a recount. The controversy raised fears of political unrest in Venezuela, an OPEC nation of 29 million people with the world's biggest oil reserves,
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Austrian Finance Minister Maria Fekter has declared a victory in her lonely battle with the other 26 European Union countries to maintain her country's banking secrecy and avoid reporting foreigners' accounts to their tax authorities. Dismissing suggestions that her position had left Austria under pressure and isolated, the woman who has vowed to "fight like
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