Airline's collapse a new blow to recession-hit Cyprus
The jobless rate now stands at a record high of around 16 percent, according to Cyprus University economics professor Michalis Michael.
Jan 13, 2015, 00:13 AM ISTCyprus Airways shuts down after EU order on state aid
Cypriot national airline, Cyprus Airways was shut down following a European Commission ruling Friday that the company had illegally received state aid.
Jan 10, 2015, 11:11 AM IST