The leaders of the two communities in Cyprus, President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat, will hold their 18th meeting on Wednesday, in the framework of the UN-led direct negotiations, which began last September with a view to reach a solution of the Cyprus problem. During the

Cyprus' Permanent Representative to the UN Minas Hadjimichael handed over on Tuesday to President of the UN Security Council Sanctions Committee, Japanese Ambassador Yukio Takasu, the findings of the inspections on the Cypriot-flagged ship ''Monchegorsk.'' According to a press release issued earlier on Tuesday by the Cypriot Ministry of Foreign Affairs, a team of experts

Cyprus President Demetris Christofias assured today that his government will not impose any new taxes, after announcing a new package totaling nearly 300 million euro, the second set of measures the government has introduced in a bid to boost the economy amid the global financial crisis. Last November the government announced a 52-million euro package

U.S. President Barack Obama will set a $500,000 annual compensation cap on Wednesday for executives at companies getting taxpayer bailouts as part of a wider process to clamp down on excessive corporate pay. An Obama administration official said the new rules would require banks and other companies that get government funds in the future to

The Cyprus Stock Exchange will join Link Up Markets – a joint venture between 8 European Central Securities Depositories (CSDs) representing 50% of European securities transactions in the fourth quarter of 2009. Link Up Markets, which will launch its infrastructure on March 30, 2009 as planned will facilitate the interoperability between participating CSDs to improve

A delegation from AKEL youth branch EDON and the President of the Turkish Cypriot youth United Cyprus Party (BKP) Abdullah Korkmazhan met today and discussed the latest developments in Cyprus. Speaking after the meeting, Christos Christofides, EDON Secretary General, said there is a common belief that there is still a long way to go in

The United States of America and the Republic of Cyprus will sign a Science and Technology Cooperation Agreement on February 5, 2009 at the Ministry of Finance offices in Nicosia. Minister of Finance Charilaos Stavrakis will sign on behalf of Cyprus, and U.S. Ambassador Frank C. Urbancic will sign on behalf of the United States''.

Additional new measures to boost the economy’s development rate and to maintain unemployment at low levels, amid the continuing global economic crisis, were announced here Tuesday by President of the Republic Demetris Christofias. Announcing the measures at the end of an extraordinary session of the Council of Ministers, President Christofias said the cost of these