Breaking news

'Excellent future prospects for the economy'

The economy of Cyprus is based on solid foundations and has excellent prospects for the future, the Ministry of Finance stressed in a press release issued in response to Fitch Rating Agency’s

Algae power

NICOSIA - A consortium comprising 12 organisations from Cyprus, Greece, Italy, Malta, Lebanon and Egypt has been established to study the production of biodiesel from algae in selected

Rights ranking

NICOSIA -- Cyprus, along with Armenia, Georgia, Moldova, Belgium, San Marino and the Czech Republic, ranks low in the list of countries found guilty of human rights violations by the European

Labour crisis

NICOSIA - Talks between employers and unions on the thorny issue of Cola and the collective agreements have broken down.
The employers’ organisation OEV, who are describing the situation

Means tested grants

NICOSIA - Anyone wanting child benefit or student grants must now apply to the Finance Ministry’s Grants and Benefits Office stating their income and assets.
Only those who meet the new

Roads closed

NICOSIA - Due to heavy snowfall, all roads leading to Troodos are closed to all vehicles.
The Kakopetria – Karvounas and the Pedoulas – Prodromou, Pedoulas - Agios Nikolaos and Prodromou

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Local news

27 January 2012 13:11

€11,000 offer to passengers

ROME - Costa Crociere SpA is offering uninjured passengers €11,000 apiece to compensate them for lost baggage and psychological trauma after its cruise ship ran aground and capsized off...

26 January 2012 20:18

Energy conference

NICOSIA - The discovery and exploitation of natural gas resources off Cyprus’ coast could make a substantial contribution to Europe’s energy security and increase the region’s geopolitical...

27 January 2012 12:34

Wave of strikes

NICOSIA - Petrol company employees are threatening to strike as part of a wave of industrial unrest sweeping the island.
They are planning to walk out on Wednesday, claiming that the...

Sports news

26 January 2012 09:28

Bellamy condemns former club

LIVERPOOL - Craig Bellamy scored the decisive goal against his former club as Liverpool reached the League Cup final on Wednesday by beating Manchester City 3-2 on aggregate, prompting manager Kenny...

25 January 2012 09:17

Mirandes reach dream semis

MADRID - Third-tier Mirandes pulled off one of the biggest upsets in King's Cup history when they scored in added time to snatch a shock 2-1 comeback win over top-flight side Espanyol on Tuesday that...

25 January 2012 09:04

Cardiff reach Wembley final

CARDIFF - Second tier Cardiff City beat 10-man Championship rivals Crystal Palace 3-1 on penalties on Tuesday to secure a dream League Cup final date at Wembley with Manchester City or Liverpool.
...

Economy

26 January 2012 20:03

Pepsico's new $1b brands

PURCHASE — PepsiCo Inc. is announcing two weeks before it reports its quarterly results that three more of its brands have surpassed $1 billion in annual revenue.

The largest...

26 January 2012 11:28

Refinery running again

LONDON — The British refinery owned by collapsed Swiss energy company Petroplus Holdings has resumed shipments to customers.

Trucks were rolling out of the Coryton refinery near...

26 January 2012 09:18

Brussels praise

BRUSSELS – The president of the Council of the European Union, Denmark, has praised Cyprus, Belgium, Malta and Poland, for their efforts to curb their budget deficits.

Danish...