Eurozone unemployment at record high, Cyprus one of highest
By Martin Santa and Robin Emmott EUROZONE unemployment is at a record high and consumer prices are being driven upward by volatile energy and food...
Cyprus
Hoteliers pledge to focus on hiring Cypriots
HOTELIER’S Union PASYXE said on Monday it was committed to ensuring at least 70 per cent of hotel staff was Cypriot as part of general...
House ponders noose tightening on EAC
By Poly Pantelides MEMBERS of the House commerce committee yesterday discussed the electricity authority’s (EAC) need to reduce electricity prices after profits fell to 28...
Retirement plan for co-ops ahead of mergers (updated)
By George Psyllides THE CENTRAL Co-operative Bank (CCB) has prepared a voluntary retirement scheme for co-operative banks, as part of a wider plan to restructure...
Bond exchange completed
THE FINANCE ministry said on Monday it had completed the exchange of €1.0 billion in maturing domestic government bonds for new longer-term paper, easing the...
Russia eyeing Cyprus bases
By Nathan Morley RUSSIA appears to be inching closer to gaining a long-coveted military foothold in Cyprus, as the future of their naval port in...
Peyia municipality learn the value of sun worship
By Bejay Browne PEYIA municipality, after realising they had missed out on millions of euros in much-needed revenue for years, has started collecting directly the...
Minister calls for speedier identification of the missing
DEFENCE Minister Fotis Fotiou on Saturday called for the process of identifying all the missing persons from the 1974 Turkish invasion to be sped up....
Local veteran to receive Russian bravery medal
By Nathan Morley NEARLY 70 years have passed since former marine John Hale was part of one of the greatest and most decisive naval encounters...
Rising to the challenge
By Peter Stevenson THE NEXT few months could prove to be crucial for the island’s economy and any recovery will take time but a lot...
President’ visit confirmed excellent Franco-Cypriot relations
By Andrestinos Papadopoulos The success of any presidential visit is assessed by the degree of similarity of views on as many of the issues under...
Pledge of EU aid boosts Cyprus credibility
By Peter Stevenson PRESIDENT Anastasiades’ argument that practical difficulties exist in implementing the terms of the bailout has been acknowledged by European leaders the government...
It’s a default, but not really
By George Psyllides FITCH Ratings on Friday downgraded Cyprus to ’restricted default’ status following the government’s bond swap procedure, but the finance minister was quick...
Unemployment nears 80,000
By Stefanos Evripidou THE NUMBER of unemployed people in the first quarter of 2013 reached 70,700, counting for 15.9 per cent of the workforce, said...
Minister and CyTA clash over land dispute
By Peter Stevenson CYTA CHAIRMAN, Stathis Kittis, and Interior Minister Socratis Hasikos continued their public spat on Friday with Kittis hinting that the minister’s insults...
DISY calls for deeper public sector cuts
By Stefanos Evripidou RULING PARTY DISY on Friday called for a further shrinking of the wider public sector, noting that Cyprus had the most expensive...
Solar car challenge in Paphos
By Bejay Browne A solar-powered car challenge which will take place in Paphos this weekend will see six teams battling it out for two top...
Shop action pledge on House failure to vote on rents
By Maria Gregoriou The small shopkeepers’ union, POVEK, threatened action on Friday after parliament decided to postpone the vote on a bill which would reduce...
Court hears how Ayia Napa body guards were gunned down
STATE pathologist, Sophocles Sophocleous was the latest witness to testify at Larnaca Criminal Court on Friday in the case of the five murdered bodyguards in...
Flight details via SMS
THE PUBLIC will be able to receive information about flights arriving and departing the country’s airports through sms messages from today. In a statement to...