Cyprus President optimistic about economy

President of the Republic of Cyprus, Demetris Christofias, has expressed optimism that the economic crisis will be dealt with successfully, noting that the government will always consult with all social partners before

Cyprus’ Generic Industry is a true success story

Generic medicinal product manufacturing is a vibrant sector contributing significantly to the industrial output of Cyprus, stressed on Monday Minister of Health Christos Patsalides. Speaking during a workshop of Cyprus Employers and

Cyprus ready to enter Digital TV era

 Cyprus is ready to make a big step in modernising electronic communications, with the introduction of digital terrestrial television (DTT) in 2010. Ministers of Communications and Works Nikos Nicolaides and Interior Minister

Dollar dips on Bernanke comments

The dollar dipped on Tuesday after Federal Reserve Chairman Ben Bernanke dampened speculation of an early U.S. interest rate rise, while shares faltered on renewed concern about the strength of the global

IMF to visit Dubai in coming weeks

An International Monetary Fund team will visit Dubai in coming weeks to look closer at the economic impact of the Dubai World debt crisis and actions needed to resolve it, a senior

Cyprus HICP inflation also up in November

The EU-harmonised consumer price inflation rate (HICP) in November confirmed that the period of deflation in Cyprus is over as prices rose by 1.0% over the year earlier, having fallen for four