A European Commission call for a better functioning food supply chain in Europe and the presentation of the priorities of the Spanish EU Presidency were the main topics of the Council of Agriculture Ministers meeting in Brussels. Cyprus was represented by the Minister of Agriculture, Natural Resources and Environment, Michalis Polynikis. Speaking at the Council,
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The Cyprus Securities and Exchange Commission has approved the application of a company affiliated to Gazprombank, the second largest bank in Russia, to obtain a Cypriot Investment Firms (CIF) license, in order to carry out investment activities in Europe through Cyprus. Chairman of the Commission George Charalambous told CNA after a meeting on Monday that
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Greece received a stern message over its bloated debt on Monday when Germany and other euro zone countries said it was up to Athens to sort out the problem, even if it could count on their backing. With financial markets fretting over Greece's ability to service one of Europe's biggest sovereign debts, the warning came
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Local sales of cement tumbled 25.8% in 2009, according to the latest figures from the Statistical Service. Total sales locally reached 1.44 mln tonnes, down from 1.94 mln in 2008, reflecting the downturn in the construction sector. Bulk sales of Portlant composite (the largest item by weight) were down 21.4% to 709,960 tonnes, while sales
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Developed countries may slip back into recession if they abandon strategies deployed to battle the global financial crisis too early, the head of the International Monetary Fund warned on Monday. Recovery in private demand and employment are necessary conditions for governments to begin unwinding policies designed to support their economies, though the right timing depends
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Profits from top U.S. technology companies like IBM (IBM.N) and financial companies like Goldman Sachs Group Inc (GS.N) this week could help stocks gain as long as investors see room for more profit growth. Stronger-than-expected results late Thursday from tech bellwether Intel Corp (INTC.O) failed to excite investors on Friday, while steep loan losses reported
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Raw material prices advanced on Monday on strong Chinese demand hopes and on a weaker dollar, lifting commodity shares and global equities, while the euro hit a four-month low against a broadly firmer pound. Safe-haven government bonds were steady. European shares advanced, recovering some of the previous session's losses after JPMorgan Chase & Co reported
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Motorola Inc is planning to launch five to six smartphones in China this year with one model ready to be unveiled shortly, officials of the U.S. mobile phone maker said on Monday. "In China, we've already launched two models last month, and there will be another one very very shortly, and probably another four or
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Google is investigating whether one or more employees may have helped facilitate a cyber-attack that the U.S. search giant said it was a victim of in mid-December, two sources told Reuters on Monday. Google, the world's most popular search engine, said last week it may pull out of the world's biggest Internet market by users
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European shares rose by midday on Monday as higher metal prices supported mining stocks, with investors awaiting earnings news from major U.S. banks such as Citigroup and Bank of America this week. By 1140 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.7 percent at 1,059.79 percent. The index gained 26 percent
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