Minister of Finance Vassos Shiarly and Governor of the Central Bank Panicos Demetriades are participating in the annual meeting of the International Monetary Fund (IMF) and the World Bank, which is taking
For the first time in more than a year, more Germans think Greece should stay in the euro zone than want it to leave, a poll showed on Thursday, two days after
A 46-year-old woman has died in Hong Kong and three others are fighting for their lives following a beauty parlour treatment that involves blood transfusion, highlighting a lack of regulation in the
The global economic doldrums may have weighed on businesses around the world, but in Malaysia a luxury hand-crafted carmaker struggles to keep up with demand as orders pour in from China and
The IMF prodded the world's rich countries for swifter action on Thursday as Europe's debt crisis drags on while the United States and Japan show scant progress handling their budget deficits. Christine
Asian shares tracked Wall Street lower on Thursday as weak forecasts from U.S. corporate bellwethers underscored concern over global demand, particularly from China, while rising tensions in the Middle East pulled oil
The Cabinet approved on Wednesday a €300-million package to enhance growth and create jobs, one week prior to the third visit by Troika representatives to Cyprus, comprising the European Commission, the European
The Cypriot economy`s cost competitiveness has deteriorated significantly over the past decade, according to a European Commission overview of competitiveness in the 27 EU member states. The Commission notes that labour productivity
The new EU Directive on combating late payment in commercial transactions is expected to alleviate liquidity problems, faced by small and medium sized enterprises (SMEs) and boost their competitiveness, at a time
Cyprus’ external trade deficit for the period of January – August declined by €392 million reaching €2.93 billion, from €3.32 in the corresponding period of 2011. According to preliminary estimates of the
