The Port of Rotterdam and Shtandart TT B.V. signed a long-term agreement for a new major crude and products oil terminal at an area exceeding 55 hectares at the Tank Terminal Europoort West (TEW). Shtandart is owned by the Russian Summa Group (75%) and Dutch VTTI (25%). The agreement was signed during a ceremony that
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Human trafficking is on the increase, according to the Mediterranean Institute for Gender Studies, which is making every possible effort to contain it. On its part, the government is in the process of amending the existing legislation and integrate in it the relevant European directive, in an attempt to combat human trafficking and protect victims.
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The draft regulation on guidelines for trans-European energy infrastructure was the fundamental topic of Thursday’s Transport, Telecommunications and Energy Council (TTE) where energy Ministers from Member States took part. The Council session, which took place in Brussels, was chaired by Polish Deputy Prime Minister and Economy Minister Waldemar Pawlak. Cyprus was represented by Commerce, Industry
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Global supermarket chains hailed India's move to open up its $450 billion retail market, but cautioned that the policy's fine print may keep a lid on investment in the short term. The government late on Thursday approved 51 percent foreign direct investment in supermarkets, paving the way for firms such as Wal-Mart Stores Inc, Tesco
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Saboteurs blew up a gas pipeline about 60 km (37 miles) west of the Egyptian town of al-Arish on Friday, the state news agency MENA reported, in the latest of a string of such attacks. It said the blast had caused little damage and had not started a fire because gas was not flowing through
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Russia's 2012 presidential election will be held on March 4, the upper house of parliament said on Friday. Prime Minister Vladimir Putin is almost certain to win the presidential election, giving him a six-year term as Kremlin chief.
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The Chairman of the Cyprus Chamber of Commerce and Industry (KEVE) Phidias Pilides has been elected Chairman of the Association of the Balkan Chambers for 2012. A press release, issued by the Cypriot Chamber, said that the election took place during the Annual General Assembly of the Association held in Sophia, Bulgaria. It is noted
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There are many international companies which have either expressed interest or have bought the results of initial research conducted on behalf of the Republic of Cyprus within its Exclusive Economic Zone (EEZ) for hydrocarbons, Government Spokesman Stephanos Stephanou has said. In statements he made to the press and whilst replying to a question on the
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. With the public sector deficit out of control and the trade unions rooted on their principle of not giving in to wage cuts, the Finance Minister scored an own-goal, knowing full well that the austerity measures would not get public support. Perhaps Kikis Kazamias was told to drive matters to a dead-end in order
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. By Shavasb Bohdjalian Minister of finance Kikis Kazamias said that the government is considering a complete freeze in public sector wages, a tax on revenue of local companies and a contribution of private sector workers earning more than 2,500 euros monthly as part of efforts to help Cyprus avoid resorting to a bailout, but
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