The Cyprus Church intends to take Turkey to the European Court of Human Rights for preventing the restoration of looted Orthodox churches in the northern Turkish occupied areas of Cyprus and for its continuing refusal to allow access to the Christian Orthodox pilgrims for worship. The Primate of the Church, Archbishop Chrysostomos B’, has said
More
The European Court of Human Rights has found Turkey guilty of violating the human rights of Greek Cypriots, missing since the 1974 Turkish invasion of Cyprus. In its judgment the Court said Turkey is guilt of “the continuing violation of Article 2 of the European Convention on Human Rights on account of failure of the
More
J&P ABAΧ, controlled by the Paraskevaides family has been awarded the contract to rebuild Artemida community in Greece, which was badly hit during last summer’s catastrophic forest fires on account of the Republic of Cyprus. The specific contract, exceeding 8,5 million euro, will be signed between the Ministry of the Interior and J&P ABAΧ company.
More
Prime Minister Tayyip Erdogan reaffirmed Turkey‘s determination to join the European Union on Thursday and denied there had been a slowdown in reforms. The EU and many Turkish commentators say Erdogan’s centre-right government has lost its appetite for carrying out reforms required by the wealthy 27-nation bloc. “There can be no question of weariness on
More
LONDON (Reuters) – The Bank of England left interest rates unchanged on Thursday, following a week of intense speculation over whether it would cut them for a second month running to shore up economic growth. The Bank held the main rate at 5.5 percent, having lowered it a quarter percentage point in December. Still, the
More
The European Central Bank held its main interest rate steady at 4 percent as expected on Thursday amid rising inflation and slowing economic growth. The ECB has threatened to raise rates as workers demand bigger pay increases to compensate for the higher cost of living. Signs of slowing growth in the 15-nation euro region are
More
The Statistical Service has announced that the number of building permits authorised by the municipal authorities and the district administration offices during October 2007 stood at 797. The total value of these permits reached CYP 144.4 million and the total area 318,100 square metres. These building permits provide for the construction of 1,775 dwelling units.
More
Eutelsat Communications, one of the world’s leading satellite operators, has selected EADS Astrium to deliver its first satellite operating exclusively in Ka-band frequencies. The satellite will form the cornerstone of a major new satellite infrastructure programme that will significantly expand capacity for consumer broadband services across Europe and the Mediterranean Basin, while providing new opportunities
More
PSA Peugeot Citroen sold 3,428,000 vehicles and CKD units in 2007, up 1.8% from2006, the company announced in Paris Tuesday. This performance reflects a 3.8% increase in vehicles sales – led by an 11.1% rise in international markets and a return to growth in Europe, where unit sales rose 1.2% – offsetting a 22.5% decline
More
Mergers and acquisitions involving Cypriot companies reached EUR 2.59 bln (CYP 1.52 bln) last year, falling short of the 2006 M&As by EUR 350 mln, but with the number of deals in 2007 doubling from the year earlier, with the emphasis once again on the banking sector. A total of 92 deals were announced  in
More