The tourism sector in Cyprus managed to scrape a positive end to 2007, with arrivals of tourists rising by 3.8% in December compared with December 2006. On the basis of the results of the Passengers Survey, arrivals of tourists reached 73,742 in December 2007, compared with 71,022 in December 2006. However, the picture for the
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US dollar steady vs. euro after a sharp gains yesterday  By Rodian Rahnayev Finotec Analysis Team 17 January 2008    EUR/USD USD/JPY GBP/USD USD/CHF Resistance 1.47701.47351.4685 108.35108.00107.65 1.97401.97201.9650 1.10501.10451.1025 Support 1.45951.45701.4545 105.95105.50105.00 1.95301.94901.9275 1.08401.08251.0780 On Wednesday, comments from European Central Bank official that U.S. economic slowdown may be spreading to Euro zone
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London, New York and Moscow are now the world’s most expensive cities for residential apartment buyers, according a survey by the Global Property Guide (www.globalpropertyguide.com), an international property research firm. Residential apartments in Prime Central London are among the priciest in the world, at US$21,800 to US$36,200 (GBP10,960 – GBP18,214 or EUR16,305 – EUR27,095) per
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D.H. Cyprotels Plc, continuing its strategy of disposing the small and not productive units, has agreed and sold Droushia Heights Hotel at Droushia Village for the amount of EUR 2,750,848/ CYP1,610,000 net. The above transaction is expected to be completed by the end of February 2008.DHH will continue to operate the Hotel until 30th of
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By Sitaraman Shankar LONDON, Jan 17 (Reuters) – European shares gave up early gains to trade lower by midday on Thursday after a huge quarterly loss from Merrill Lynch took the shine off broadly strong company results in Europe. At 1234 GMT, the FTSEurofirst 300 index of top European shares was 0.3 percent lower at
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MELBOURNE, Jan 17 (Reuters) – A frustrated Marat Safin exited the Australian Open on Thursday, beaten 6-4 6-4 2-6 3-6 6-2 by Cypriot 15th seed Marcos Baghdatis in an enthralling second-round battle in Melbourne. In a high quality match, 2006 runner-up Baghdatis dominated the early stages but Safin roared back to level before the Cypriot
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ATHENS, Jan 17 (Reuters) – Greek Prime Minister Costas Karamanlis will visit Turkey next week, the first official visit by a Greek premier since 1959, in what the Greek government said on Thursday was part of its drive to strengthen bilateral ties. Karamanlis’ uncle, Constantine Karamanlis, was the last Greek prime minister to visit Turkey
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Federal Reserve Chairman Ben Bernanke on Thursday threw his support behind efforts to craft a fiscal stimulus package and repeated that the U.S. central bank was ready to act aggressively to counter recession risks. “Fiscal action could be helpful in principle, as fiscal and monetary stimulus together may provide broader support for the economy than
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NEW YORK (Reuters) – Ground-breaking on new U.S. homes last month fell to the slowest pace since 1991 and fewer building permits were issued than any time since 1993, according to government data released Thursday that points to a deepening housing crisis and heightened risk of recession. In the labor market, the number of workers
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The Director General of the Cyprus Stock Exchange, Nondas Metaxas has been elected as a member of the Federation of European Securities Exchanges (FESE) Board for a two year period and among others will also as Chairman of the FESE Budget and Audit Committee. Jukka Ruuska, FESE President, speaking on behalf of the FESE Board
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