Cyprus was still in recession in the first quarter of 2010 according to the “Flash Estimate” produced by the Statistical Service but the decline was milder than in any of the previous
Conservative leader David Cameron took over as British prime minister on Tuesday and said he wanted to form a full coalition with the smaller Liberal Democrat party. Following are comments from analysts:
Adamant that Europe must take the lead in solving a debt crisis that began in Greece, U.S. officials have weighed in publicly with only carefully measured comments. But privately, President Barack Obama
Countries within the euro zone should implement a new system of cross-border budgetary co-ordination, the managing director of the International Monetary Fund told the Financial Times in an interview. Dominique Strauss-Kahn also
The euro slipped on Wednesday on nagging worries about festering euro zone debt problems despite a $1 trillion rescue package unveiled this week, which fuelled a short-lived rally in global stocks. Sterling
Cyprus Airways has appointed George Mavrocostas, one of its veteran engineers as the airline’s new chief executive officer. As was widely expected, the board said it appointed Mavrocostas, 58, to the post,
Moody's Investors Service said that, despite Australia's budget deficits continuing, the Aaa government bond rating remains secure. The $40 billion deficit projection in the budget released on May 11 for the current
The far-reaching support package announced by European policymakers over the weekend not only alleviates liquidity concerns for governments, but also represents a potentially decisive step towards greater fiscal integration of the European
Annual inflation inched up in April, according to the latest figures from the Statistical Service, recording 2.44% compared with a rise of 2.40% in March. Over the previous month, prices rose by
Total registrations of motor vehicles decreased by 16.0% to 14,941 in January – April 2010, from 17,779 in January – April 2009, according to the latest figures from the Statistical Service. Private
