Celebrity chef Ettore Botrini, known from his show ‘Nightmare in the Kitchen’, was recently in Nicosia to help launch the revised new menu at the La Pasteria. The popular TV host “added new flavours and simplified the menu” to make it more appealing to customers who want quality Italian food at an affordable price. “It
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Etihad Airways has launched a special fare package for travellers from Cyprus to the Chinese cities of Beijing, Hong Kong, Guangzhou and Shanghai, starting from €425 (including all taxes) on Coral Economy class. The special fares apply for reservations made until February 15, and valid for travel until August 31. “There has never been a
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European stocks turned lower, the dollar jumped to a seven-month high against a currency basket and commodity prices slipped on Friday after China surprised markets by raising banks' reserve requirements. China sprung the 50 basis point hike on the eve of its New Year's holiday in a move aimed at slowing bank lending and tempering
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Sales at U.S. retailers rose more than expected in January, suggesting consumers were feeling a bit more comfortable to spend and sustain the economic recovery. The Commerce Department said on Friday total retail sales increased 0.5 percent. In addition, December and November were both revised to show stronger spending. December sales were revised to down
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China raised the level of reserves banks must hold for the second time this year on Friday, spooking financial markets on the eve of its New Year holiday by showing it was intent to curb lending and inflation. Although investors had been expecting the People's Bank of China to push the reserve requirement ratio higher
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Greece's economy shrank more than feared last quarter and the government on Friday sharply revised down its figures for the previous three quarters as well, increasing doubts over its ability to resolve its debt crisis. A European Union government source said meetings of the region's finance ministers next week were unlikely to put together an
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European shares fell on Friday, snapping a four-day winning streak, with banks and miners the major fallersafter China raised its banks' reserve requirements for the second time this year. By 1140 GMT, the pan-European FTSEurofirst 300 index was down 0.1 percent at 989.57 points after being up as much as 1,002.50 earlier. Banks took the
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Stock index futures fell on Friday after China surprised global markets by increasing banks' reserve requirements, raising worries about the impact of eventual monetary tightening on global growth. The hike in reserve requirements comes on the heels of a similar increase last month and raised worries that the pace of monetary tightening in China could
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On the basis of preliminary estimates for Foreign Trade in December 2009, total imports/ arrivals reached EUR 452.2 mln, of which EUR 325.7 mln were arrivals from other Member States of the EU and EUR 126.5 mln imports from third countries. Total exports/dispatches amounted to EUR 82.3 mln, of which EUR 50.1 mln were dispatches
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The Cyprus construction sector was worth EUR 3.1 bln in 2008 according to the latest figures from the Statistical Service, published in its annual report, “Construction and Housing Statistics. 2008”. The report contains detailed data on the construction sector, including output, capital formation, inputs, new dwellings completed, building permits authorised, the labour cost index and
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