Asian stocks struck a one-month high on Monday as reassurances over the health of the U.S. banking industry sparked a broad recovery in investor appetite for risk, while safe-haven government bonds also gained on hopes for more central bank buying. European shares were poised to build on their rally with a rise of nearly 1
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Marios Garoyian was officially declared President of the Democratic Party (DIKO) at the Pancyprian Electoral Congress of the party that took place in Nicosia. Garoyian, who has been President of DIKO since 2006, was re-elected unopposed for a further four-year term. The Electoral Congress of the Democratic Party (DIKO) was concluded Sunday. Giorgos Kolokasides was
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Citroen Racing's Sebastien Loeb secured an emphatic victory in the 2009 Cyprus Rally, round three of the 2009 FIA World Rally Championship (WRC), and re-wrote his own record books by securing a landmark 50th WRC victory in Limassol on Sunday afternoon. The Frenchman has taken the world of rallying by storm since sealing his first
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. It’s that time of year again, when an earnest group of specialists tastes more than a hundred local wines and pronounces upon them. Winners get a certificate and the right to put little stickers on the bottles they sell, telling the public of their Bronze, Silver or Gold Medals. No doubt this is the
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Full national accounts data for the fourth quarter show that Cyprus recorded a respectable real GDP growth rate of 3.7% in 2008. However, growth in the last two quarters was propped up by a government spending as household consumption and investment slowed sharply. The GDP growth rate in the fourth quarter of 2008 slowed to
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We buy cars and beers, sell chemicals Trade between Cyprus and the Czech Republic is expected to increase substantially due to the establishment of a joint business association and the promotion of new services such as legal and education. Czech ambassador Jan Bondy said that his country’s main exports to Cyprus are the well known
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The Czech Republic has always supported a just solution to the Cyprus cause, in particular after the Turkish invasion in 1974, the country’s ambassador, Jan Bondy, told a members meeting of the Rotary Club of Nicosia-Aspelia. “Known as ‘Czechoslovakia’ at the time, it was one of the first to open an embassy in Cyprus soon
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Between 4-7 June 2009, elections will be held in the member states of European Union for the new members of the European Parliament. Cyprus will hold elections for six representatives to the European Parliament on Saturday June 6, 2009. In addition to Cypriots, citizens of the other EU member states residing in the Republic have
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The Electricity Authority of Cyprus is injecting EUR 16.5 mln into the local economy by proceeding with immediate plans to build a new regional office in Paphos. The contract, won by the A. Panayides Contracting and Loizos Iordanou Construction joint venture, was signed by EAC chairman Haris Thrassou and General Manager Moyses Stavrou, as well
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With house prices falling across Europe by the end of 2008 and prospects even gloomier, the revival of the housing sector now relies on the ability of European governments to cope with the mortgage credit shortage and on the scale and duration of the economic recession, according to the Royal Institution of Chartered Surveyors (RICS)
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