Azerbaijan urged the United States on Sunday to help solve the dispute over the Nagorno-Karabakh Armenian enclave and U.S. Secretary of State Hillary Clinton pressed its authoritarian government on human rights. A U.S.-backed push for a rapprochement between Armenia and U.S. ally Turkey has hurt U.S. relations with the strategic and oil-rich country, which worries
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The Cypriot authorities are examining a formal request from the US for access to items belonging to a suspect wanted in connection with a spy ring who fled the island after a local judge released him on bail, despite an international arrest warrant issued against him. “The US request to have access to documents or
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Commerce, Industry and Tourism Minister Antonis Paschalides said he is confident that, in the next few months, tourist arrivals and revenue from tourism will increase. “There are positive signs about tourism from various countries. We simply cannot be complacent, we have to continue the effort which we have begun to attract more tourists, in line
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— Cyprus deposits up 11% at €1.7bln — The flow of money from Greece to Cyprus slowed in May with the increase in deposits from other euro area residents at EUR 359 mln compared to an influx of EUR 576 mln in April and EUR 462 mln in March, according to the May Monetary Survey
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Gov’t to establish research and innovation council GreenForest, Aerotechniki opt for greener business A foreign exchange trading platform, a landscaping and garden centre, an eco-friendly odour filtering system and the Cyprus Institute of Neurology and Genetics were the four winners of the annual Innovation Awards announced last week. In all, 26 companies and organisations had
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Fitch reaffirmed the Republic of Cyprus's long-term local and foreign currency Issuer Default Rating (IDR) at 'AA-' and the short-term foreign currency IDR at 'F1+'. The country ceiling was affirmed at 'AAA', whilst the outlook on the long-term IDRs remained stable. Fitch said the Cypriot economy withstood the recession relatively well and its public finances,
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The European Investment Bank is providing a EUR 200 mln loan to the Electricity Authority of Cyprus to reinforce and extend the electricity transmission and distribution networks throughout Cyprus. This is the fifth EIB loan to the EAC. The finance documentation was signed in Luxembourg by EIB Vice-President Plutarchos Sakellaris and EAC Vice Chairman George
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Bank of Cyprus is preferred play The Greek banking sector needs to adapt to an austere environment, dominated by sluggish credit expansion, higher impairment charges, higher retail deposits costs and the fear of a massive capital shortfall in the event of a sovereign debt restructuring, according to a research note by HSBC. The sector faces
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Cyprus (once again) not considered in rankings Previously known as the "e-readiness rankings", the Economist Intelligence Unit’s annual technology benchmarking study enters its second decade of existence with a new name — the "digital economy rankings". The study's new title reflects the gradual shift of countries' digital priorities from simply making ICT available to the
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EFG Eurobank and the National Bank of Greece (Cyprus) were the top gainers in terms of bank deposits in May, according to the Central Bank of Cyprus May 2010 report. EFG Eurobank lifted its share of deposits by 1.3%, while NBG Cyprus improved its position by 0.8%. Greek banks in aggregate lifted their share of
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