Discussions over a proposed joint venture between the Republic of Cyprus and Qatar will continue on November 28, in Doha, the Finance Minister Charilaos Stavrakis announced today. Stavrakis was speaking after a meeting here with the Group CEO and a delegation from the Real Estate Investment Company of Qatar “Qatari Diar”. The Minister said that
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The outlook for the South African banking system has been changed to stable from negative, largely reflecting the improving macro-economic conditions that will likely have a positive impact on the sector's credit performance, Moody's Investors Service said in a new Banking System Outlook. After going through its first recession in 17 years, the SA economy
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The ECB kept interest rates at 1 percent as expected on Thursday, leaving markets focused on how Jean-Claude Trichet explains a transatlantic policy split after the Federal Reserve launched a new bid to kick-start the U.S. economy. All 80 economists in a recent Reuters poll had predicted the ECB would leave rates at their record
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The population of Cyprus in the southern government controlled area was estimated at 803,200 at the end of 2009, recording an increase of 0.8% from the previous year. The population in the district of Lefkosia (Nicosia) was 315,400 at the end of 2009, it was 44,800 in in Ammochostos (Famagusta), 134,400 in Larnaka, 230,800 in
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The pace of inflation moderated in October according to the latest figures from the Statistical Service. The consumer price index (CPI) increased by 0.80%, mainly owing to increases in the prices of certain clothing and footwear items, gas and poultry. Decreases were recorded in the prices of certain fresh fruit and vegetables. After four months
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The Cardok garage is an interesting parking solution that is starting to be seen around more affluent London locales. The owner’s car is raised and lowered by means of a hydraulic lift. At present there are eight in action around London, four under construction and another ten that have been ordered, which is no small
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The Federal Reserve launched a fresh effort to support a struggling U.S. economy on Wednesday, committing to buy $600 billion in government bonds despite concerns the program could do more harm than good. The decision takes the Fed into largely uncharted waters and is aimed at further lowering borrowing costs for consumers and businesses still
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Irish low cost airline Ryanair carried out on Wednesday its first flight to Larnaka International Airport, carrying 180 passengers from Brussels. Airport authorities organised a special ceremony to mark the event, with airport officials giving out a slice of a large cake, depicting Cyprus in the colours of Ryanair. Raynair flights from Charleroi airport in
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Facebook, revving up its mobile services for the 200 million people who now use the world's largest social network on their phones, has created an avenue for retailers from Macy's to Gap Inc to offer deals to nearby customers. The new Deals feature builds on three-month old "Places" — which lets users broadcast their location,
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