The unconditional support of overseas Cypriots living in Greece in the struggle of the people of Cyprus for national survival, is expressed in a resolution of the meeting of the Federation of Cypriot Organisations in Greece that convened in Athens from 23-24 May. In the resolution, the organizations ascertain the continued Turkish intransigence for 35
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China's official foreign exchange manager is still buying record amounts of U.S. government bonds, in spite of Beijing's increasingly vocal fear of a dollar collapse, the Financial Times reported. In a story on its website, the FT quoted Chinese and western officials in Beijing as saying China was caught in a "dollar trap." The newspaper
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When rock band U2 played at the Grand Palais of the Cannes film festival in 2007 to trumpet their new three-dimensional concert movie, backers of modern 3-D films hailed the coming of a new era in movies. Two years later, independent producers and distributors making films outside Hollywood's major studios are still waiting for that
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. In 1979, in a Britain beset by strikes, with uncollected rubbish of weeks lying on the streets and thousands of mouldering corpses unburied because of strikes by workers, Prime Minister James Callaghan (** see my anecdote below) flew home from a holiday in the West Indies and on stepping on to the tarmac of
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. The European Commission is marking “European Maritime Day” today with a series of events in Rome that highlight the importance of seafaring to Europe's prosperity, sustainability and security. When in Rome, stakeholders, administrations and other players from the EU and the Mediterranean basin will discuss the global challenges faced by maritime Europe today, including
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. ATHANASIOS ORPHANIDES Governor, Central Bank of Cyprus Monetary policymakers must always be ready to face difficult challenges, and sometimes we need to quickly map an appropriate response even when precise guidance from historical experience may be lacking. As Cyprus was preparing to adopt the euro when I joined the Central Bank, it was clear
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PORTFOLIO TRACKER PORTFOLIO TRACKER JOHN O’DONOGHUE People can be very odd: especially in large groups. As far as I can work out, this equity rally, which has now been running for 9 weeks (and counting …..), is largely based on news that “it is not as bad as expected”. Thus we see the ‘stress tests’
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The Employers and Industrialists Federation (OEV) has proposed a set of four measures to reduce unemployment, contain the high state payroll and improve the competitiveness of companies. The Federation advocates a conservative policy on salaries and prices, which requires a commitment by the trade unions not to claim salary increases in the next couple of
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President Demetris Christofias has called on OEV to avoid unilateral actions such as freezing salaries, benefits and prices for two years due to the world financial crisis, that may provoke the workers and the social partners in Cyprus. President Christofias, who was addressing the OEV annual assembly on Monday, said that the government is taking
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Etihad to launch flights in 2 weeks Commercial and economic relations between the United Arab Emirates and Cyprus, as well as issues regarding tourism and renewable energy sources were discussed on Tuesday between Commerce, Industry and Tourism Minister Antonis Paschalides and UAE Foreign Trade Minister Lubna Al Qasimi. In statements after the meeting,
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