Local news

18 May 2012 18:51

Bailout approved

NICOSIA, -The House has approved legislation that could part-nationalise Cyprus Popular Bank , its second-largest lender and heavily exposed to Greek debt, in a bond-for-equity swap if...

17 May 2012 18:55

Iran backs Cyprus solution

NICOSIA - The President of Iran Mahmoud Ahmadinejad has assured that the Iranian government will cooperate to strengthen traditionally friendly relations with Cyprus and expressed support in efforts...

17 May 2012 17:05

German statements welcomed

NICOSIA --- President Demetris Christofias has described as very positive statements by German Foreign Minister Guido Westerwelle that implementing the Ankara Protocol is part of a number of...

Sports news

18 May 2012 09:20

Reds to speak to Martinez

LIVERPOOL - Liverpool have been granted permission to speak to Wigan Athletic manager Roberto Martinez about taking over from Kenny Dalglish who was sacked on Wednesday.

Wigan chairman...

18 May 2012 09:20

Chelsea and Bayern ready for big moment

MUNICH - When the draw for the later stages of the Champions League opened the way for Barcelona and Real Madrid to meet in the final in Munich, not many people would have placed their bets on one...

17 May 2012 08:43

End of the road for Kenny

LIVERPOOL - Kenny Dalglish's second stint in charge of Liverpool was ended by the club's American owners on Wednesday as the Anfield great paid the price for his side's worst Premier League finish...

Economy

17 May 2012 19:02

Bank backing

NICOSIA - The government decided on Thursday to underwrite a 1.8 billion euro capital issue by Cyprus Popular Bank (CPB) in a bid to assist the capital enhancement plan of the island's second largest...

17 May 2012 17:00

Talks on track

NICOSIA - Discussions with “Noble Energy” concerning the planning for the transfer of natural gas from gas reserves, discovered in Cyprus’ Exclusive Economic Zone, enters its final stage,...

15 May 2012 14:12

Bills sale

NICOSIA-- Cyprus on Monday sold 467 million euro in two separate auctions for 13-week and 30-day Treasury Bills which were oversubscribed by 172% and 209% respectively.
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