Cypriot Government Spokesman Vassilis Palmas said that direct trade between the island’s northern Turkish occupied areas and Europe “is out of the question.â€He noted, however, that the Turkish Cypriots would continue to have contacts abroad to promote trade with the Turkish occupied areas of the Republic. Palmas said this kind of activity by the Turkish
More
Leda Koursoumba was sworn in as Cyprus’ first Commissioner for the Protection of Children’s Rights, at a special ceremony, at the Presidential Palace, in the presence of President of the Republic Tassos Papadopoulos. In his speech at the ceremony, President Papadopoulos assured that the government would do its utmost to ensure the protection of children’s
More
An exhibition titled ”Salvador Dali: The Myth of Surrealism” opened on Wednesday in Nicosia.The Minister of Education and Culture Akis Kleanthous has said the exhibition was an important cultural event, which will give the opportunity to the people of Cyprus to see masterpieces by Dali, who sealed the artistic creation of a whole era with
More
by Thanasis Avgerinos Moscow (CNA) — Permanent Representative of the Russian Federation to the European Union, Ambassador Vladimir Chizov, has ruled out the possibility that the EU countries reach a consensus in the Kosovo issue, making a special reference to the Republic of Cyprus. ”Cypriots will not be convinced, this is not possible”, Chizov told
More
WASHINGTON (Reuters) – U.S. productivity rose at a solid clip in the fourth quarter as employers sharply cut the number of hours worked, restraining growth in labor costs, according to a report on Wednesday that may ease lingering concerns on inflation at the Federal Reserve. U.S. non-farm productivity, or hourly output per worker, rose at
More
The Central Bank of Cyprus granted its permission to the joint venture ‘Emerging Financial Partners’ (EFP) to acquire 100% of the share capital of the Cyprus Development Bank (CDB), while the official handover to be finalised Friday when Finance Minister Michalis Sarris will sign on behalf of the Cyprus government. The government sold the CDB
More
Standard & Poor’s Ratings Services is set to announce changes to boost the integrity of its research, such as rotating analysts’ coverage, newspapers said on Thursday. Ratings agencies have come under fire for their role in the U.S. subprime crisis, with critics saying they were too slow to downgrade highly rated securities linked to poor
More
Cyprus’ largest bakery chain, A. Zorbas & Sons Pcl (ZRP) intend to expand their operations into Romania. During a presentation held in Athens for institutional investors, the Company’s management team analyzed ZRP’s strategic plan, which stipulates that initially ZRP will open 2-3 retail shops in Romania with the intention to increase them to 5 by
More
The Chairman of the Association of Cyprus Tourist Enterprises (STEK) Akis Vavlitis said that despite the tourism industry still constituting a significant part of the economy, this was not reflected in state policy towards the sector. “Our tourism industry is in retreat, mostly because of our own mistakes, the lack of proper policy and disrespect
More
Marfin Popular Bank announces that according to a sale agreement, the Dubai Financial Group will acquire from Marfin Popular Bank 53.532.184 shares of Marfin Investment Group (6,45%) at the price of 7 Euro per share the latest by 31 March 2008.
More