Cyprus' Ambassador to Egypt Costas Leontiou visited the hospital for children with cancer in Cairo and handed to Director Hany Hussein a cheque for 100,000 Egyptian pounds. The sum is part of the donation of the Republic of Cyprus through Elsie Christofia, wife of President of the Republic Demetris Christofias, which had been announced during
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Cyprus is ranking first in the medal table of the XIII Games of the Small States of Europe, with 12 gold, 15 silver and 6 bronze medals, at the end of the first day of the games. Iceland is in the second place of the table with 9 gold, 6 silver and 4 bronze medals,
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President of the Republic Demetris Christofias has assured he will continue to help and contribute in every possible way in the efforts and work of the Pancyprian Association to Fight Hunger, announcing the government has decided to offer 20 thousand euro to the association. In a speech on Tuesday evening at the association’s gala dinner,
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The Cyprus Finance Ministry will hold a written bidding process, allowing Cyprus banks and the Cooperative Banks to bid for part of the proceeds of the EUR 1.5 bln raised last week from international and local investors. Finance Minister Charilaos Stavrakis said “we shall hold a transparent written bidding process whereby banks and cooperative establishments
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Unemployment reached 5.4% of the active population in Cyprus in April 2009, compared to 5.0% in March 2009, according to Eurostat. Despite the increase in the unemployment rate, Cyprus had the third best performance in the EU27, the average of which presented a decade record, rising to 8.6%. In April, the unemployment rate in the
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Irish budget airline Ryanair posted its first full-year loss in two decades and disappointed investors with its outlook on Tuesday. Here is a summary of recent events at the airline: Feb. 2008 – Chief Executive Michael O'Leary says has factored a European recession lasting up to 18 months into its business plan. March – Says
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Key ministers from Japan and Germany saw signs of growth next year and a global consumer survey published on Tuesday found confidence stabilising, though unemployment in the euro zone jumped to a near 10-year high. U.S. Treasury Secretary Timothy Geithner said on a visit to Beijing that China, single biggest holder of U.S. government debt,
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European shares turned positive in afternoon trade on Tuesday after data showed that pending sales of previously owned U.S. homes in April unexpectedly saw their biggest monthly gain in 7-1/2 years. At 1405 GMT, the FTSEurofirst 300 index of top European shares were 0.2 percent higher at 888.04 points after falling as low as 879.23
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Marfin Laiki Bank's (MPB) decision to move its Headquarters from Cyprus to Greece is not connected with Cyprus' banking supervisory framework, the Bank's CEO Efthymios Bouloutas said on Tuesday. In early May, Marfin's executive vice chairman Andreas Vgenopoulos announced the bank's decision to move its HQ to Greece, criticizing Cyprus' ''conservative'' supervisory framework, namely that
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Unemployment reached 5.4% of the active population in Cyprus in April 2009, compared to 5.0% in March 2009, according to Eurostat data released on Tuesday. Despite the increase in the unemployment rate, Cyprus had the third best performance in the EU27, the average of which presented a decade record, rising to 8.6%. In April, the
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