**But incoming revenue rises ** Fewer people travelled abroad from Cyprus in 2011 according to the Statistical Service. The Passengers Survey shows that 1,208,899 residents of Cyprus returned from a trip abroad
Registrations of motor vehicles dropped by 17.6% in 2011, having already dropped by 12.5% in 2010 and 25.7% in 2009. The Statistical Service reported that total registrations fell to 36,264 in January
Chancellor Angela Merkel cemented her political ascendancy in Europe on Monday when 25 out of 27 EU states agreed to a German-inspired pact for stricter budget discipline, even as they struggled to
The euro rose on Tuesday, supported by hopes for a Greek debt restructuring deal that would help the country avoid a disorderly default, possibly setting itself up for a test of a
Greece's Prime Minister Lucas Papademos held talks on restructing Greek debt with senior officials from the European Central Bank and the European Union after an EU summit on Monday, officials said. ECB
Greece's largest bank merger in decades was thrown into doubt as it approached completion, after Alpha Bank said it first needed to assess the impact of the country's planned debt swap scheme
European leaders struggled to reconcile austerity with growth on Monday at a summit in Brussels due to approve a permanent rescue fund for the euro zone and put finishing touches to a
Less Cypriots travelled abroad in 2011, as data from the Cyprus Statistical Service show. On the basis of the results of the Passengers Survey, for the period January – December 2011, 1.208.899
. BY DR. ANDRESTINOS N. PAPADOPOULOS, AMBASSADOR A.H. We often hear about “secret diplomacy” as opposed to “open diplomacy”. Both schools of thought have their followers and the dilemma is posed when
. BY PERSELLA IOANNIDES When the Greek debt crisis first erupted in April 2010 the EURUSD declined from 1.35 reaching 1.19 in June 2010. Various investment gurus expressed pessimistic views, even betting
