With Limassolians unfettered by the noise about the opening of the Mall of Cyprus in the capital, work is underway to build a 30,000-square metre shopping mall with 150 shops in the coastal port town. The biggest continuous pouring of concrete was completed in Zakaki two weeks ago for the construction of a foundation raft,
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Emirates made history on Monday when EK261 took off from Dubai International Airport en-route to Sao Paulo, Brazil in the first ever non-stop flight from the Middle East to South America. Emirates is using its Boeing 777-200LR on the route, with Brazil becoming the 60th country and Sao Paulo the 94th destination on the airline’s
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The German Depfa Group announced that due to a restructuring of operations, Depfa Bank Plc Dublin has taken over the Cyprus branch of Depfa Investment Bank Limited (DIBL) from October 1. Following the change, all the assets of DIBL, that has been operating in Cyprus with a branch since 1998, have been transferred to Depfa
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Cypriot Minister of Commerce, Industry and Tourism Antonis Michaelides will be flying to Bulgaria on October 7 for a three-day official visit, at the invitation of the Minister of Economy and Energy of the country Petar Dimitrov. During his stay in Bulgaria, Michaelides will meet with Deputy Prime Minister and Minister of Foreign Affairs Ivailo
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Members of the European Parliament Transport Committee visiting Cyprus at the invitation of Cypriot MEP Ioannis Kasoulides, have pointed out the lack of public transport and the traffic congestion problem in Cyprus.The MEPs said that efforts should focus on creating bicycle lanes and sidewalks because ”roads are also for people, not only for cars.”Speaking at
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Finance Minister submitted the 2008 draft Budget to the House of Representatives for discussuion. The proposed 2008 State Budget provides for total revenues of CYP 3.27 bln (excluding loans) vs. CYP 3.11 bln in 2007 (+9.6% YoY in 2007). Total net expenditure for 2008 is expected to reach CYP 3.86 bln (excluding loan repayment) compared
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People buying a new video iPod in Cyprus pay $201.85, or 35th in the global rankings according to a new price index launched by one of Australia’s biggest banks, the Commonwealth Bank, which has used the latest version of Apple’s music player — the slimline 4GB Nano — to compare global currencies and purchasing power
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 The total sales of petroleum products recorded a decrease of 10.6% compared with the previous month in August. The Statistical Service said that this is mainly attributed to the significant fall in the sales of heavy fuel oil (24.1%) and gasoil low sulphur (18.5%). The total stocks at the end of the month recorded
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The number of eggs for hatching placed in incubation in July reached 112,050 eggs for laying and 1,760,250 eggs for meat compared with the previous month. The eggs for laying recorded a decrease of 9.67%, whereas the eggs for meat recorded an increase of 15.8%, compared with the corresponding month of the previous year. The
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Education goes up faster than inflation  The consumer price inflation rate climbed again in September, reaching 2.6%, compared with 2.5% in August 2007 and 2.4% in September 2006. Inflation has been slowly climbing in Cyprus since March. For the period January-September 2007 the CPI recorded an increase of 2.0% compared to the corresponding period
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