European equities advanced to a fresh 5½-year high on Friday on a quiet day for corporate news as the year-end rally showed little sign of losing momentum. The FTSE Eurofirst 300 gained 0.5 per cent...
One of the major problems that the Cypriot businesses face in the past few years is the high labour cost, which affects negatively competitiveness. According to Eurostat Data released recently, the...
The major issues in today’s financial press are the Finance Minister’s speech in Parliament and the proposal for the acquisition of Aristo Developers by a Cypriot company. The “Economy” inset of...
Hungarian President, Laszlo Solyom is currently in Cyprus, paying a one-day official visit. As the CNA reports, Mr. Solyom was received by Cyprus President, Tassos Papadopoulos and the two...
The European Commission decided to pursue infringement procedures against nine member states - including Cyprus – for failure to implement certain internal market directives in national law. The...
At the meeting held on Tuesday, the Board of Directors of Cyprus Chamber of Commerce and Industry declared 2007 as the “year of the euro” in view of the monetary change. The Board of Directors...
Prime Minister Costas Karamanlis on Tuesday met Environment, Town Planning and Public Works minister George Souflias to discuss a planned amendment concerning the further privatisation of the...
The clash continues between the management of the Piraeus Port Authority (OLP) and the dockers’ unions, as the latest efforts for a compromise have failed, vindicating those who expected this...
The European Parliament has with an overwhelming majority given its final seal of approval to the EU's two newest commissioners from Bulgaria and Romania in the last official hurdle before they join...
EU leaders are set to put the brakes on further enlargement at a summit here this week, amid general consensus that the bloc must first put its constitutional house in order. The 25 heads of state...