Archive for the ‘Cyprus Financial News’ Category

Whilst it would appear that Cyprus Property Market issues have become inordinately quiet that is not how things really are Statistics reveal that the Cyprus Property Market might be picking up. But has how has the reputation of the Cyprus Property Market been faring Full story

China chalked up unexpectedly strong annual growth of 11.9 percent in the first quarter, prompting renewed calls for tighter policies to prevent the economy from overheating and stoking speculation of when Beijing will loosen its grip on the yuan. The rate of expansion, the fastest since 2007 and Publication: Financial Mirror (Cyprus) Full story

A volcanic eruption in Iceland, which has thrown up a 6 km high cloud of ash and disrupted air traffic in northern Europe, has grown more intense, an expert said on Thursday. British Airways said in an announcement that "due to the weather conditions, a plume of volcanic ash has now spread Publication: Financial Mirror (Cyprus) Full story

Greece has not changed its plan to hold a U.S. bond roadshow, a senior government official told Reuters on Thursday, denying earlier press reports. "There is absolutely no change to our plans regarding the U.S. Full story

Strong growth in China and upbeat corporate earnings lifted world stocks on Thursday to a new high for the year, putting them at levels last seen around the collapse of Lehman Brothers. World stocks as measured by MSCI were up 0.1 percent, extending recent gains to September 2008 levels Full story

A planned euro zone aid package for Greece goes against the spirit of the Maastricht Treaty and the International Monetary Fund should take a leading role in any rescue, top European economic institutes said on Thursday. Full story

European shares edged higher at midday on Thursday, with drugmakers rising after sales at Roche beat forecasts, though gains were capped by weaker mining stocks. At 1057 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.2 percent at 1,107.14 points, having moved in and out of Publication: Financial Mirror (Cyprus) Full story

Cyprus is actively supporting all efforts concerning the use of space related technologies and applications, said Thursday Minister of Communications and Works, Erato Kozakou-Markoullis. Addressing the International Conference "Space Applications for Cyprus and the Mediterranean Region", which Publication: Financial Mirror (Cyprus) Full story

The Board of Directors of the Bank of Cyprus Public Company Ltd approved the appointment of Yiannis Pechlivanidis as First Deputy Group CEO with primary responsibility the Group's operations in Greece and the Balkans. At the same time, Pechlivanidis was appointed as a member of the Board of Publication: Financial Mirror (Cyprus) Full story

Greece asked on Thursday for official talks with European authorities and the International Monetary Fund, a step toward Athens obtaining billions of euros in emergency loans. In a letter to the European Union, the European Central Bank and the IMF, Finance Minister George Papaconstantinou proposed Publication: Financial Mirror (Cyprus) Full story