Europeana, Europe’s multimedia online library opened its virtual doors to the public. At www.europeana.eu, Internet users around the world can now access more than two million books, maps, recordings, photographs, archival documents, paintings and films from national libraries and cultural institutions of the EU's 27 Member States. Europeana opens up new ways of exploring Europe’s
More
The launch of the FTSE/ASE-CSE Banking Index is expected to help the development of capital markets in Cyprus since it will now be possible to develop products based on the popular make-up of Cyprus’ and Greece’s top banks that usually attract most interest among foreign fund managers and local investors from both countries, said CSE
More
Cyprus based companies may list on Russian stock exchanges according to a deal signed between VTB Group and the Cyprus Stock Exchange during the meeting between President Dmitry Medvedev and Cypriot President Dimitris Christofias in Moscow. “When we take into account that most Cypriot companies own Russian assets, what we're really talking about here is
More
Cyprus President Demetris Christofias was declared a distinguished honoured doctorate holder by the University of International Relations of the Ministry of Foreign Affairs of the Russian Federation, during a ceremony at the University. Responding to questions after the ceremony, the President said that he will soon relinquish the post of AKEL General Secretary, reiterated his
More
Road accidents in Cyprus are down by 8-10% this year, compared to 2007, even though the aim is to achieve a 20% decrease, Chief of Police Iacovos Papacostas said. In an interview with CNA, the Police Chief remarked that there have been great successes in efforts to combat drugs while similar accomplishments have been achieved
More
Gross rental yields on residential property in Dubai have dropped to an average of 5.52%, significantly down from an average of 7.5% a year ago, according to the latest Global Property Guide research. As a result, the agency downgraded its investment rating on Dubai residential property from 3 stars (neutral) to 2 stars (negative). Dubai’s
More
Moody's Investors Service has lowered the outlook on the B2 long-term foreign and local currency deposit ratings of Azerbaijan’s Respublika bank to ‘stable’ from ‘positive’ and the same ratings of Unibank to ‘negative’ from ‘positive’. "Moody's decision to change the outlook to stable from positive reflects Respublika's increasing appetite for credit and refinancing risk," said
More
Cyprus's tax receipts from real estate transactions fell 27 percent in the first ten months of the year though overall revenues were marginally higher than last year. Reflecting a downturn in the property market, capital gains tax fell revenue fell to EUR278.86 mln from January to October, from EUR 382.78 mln in the first ten
More
With the UK economy in recession and unemployment, personal insolvencies and house possessions all rising sharply, the performance of Non-Conforming mortgages is likely to continue to deteriorate, says Moody's Investors Service in its latest index report for the sector. According to the report, the weighted-average delinquency trend for the UK Non-Conforming RMBS sector continued to
More
Nokia has launched its new digital music site in Italy, Nokia Music Store, which already has a catalogue of more than 4 mln songs including top selling records from Universal Music Group, Sony BMG Entertainment, Warner Music and EMI, independent labels, and new national talent. With the launch of the store http://music.nokia.it, Italian consumers can
More