Cyprus motor vehicle registrations tumbled by 32.4% in August, to 3,221, compared with 4,762 in the same period of 2008. Private saloon registrations were down 36.3%, while light goods vehicles were down
Tourism arrival figures for August have confirmed what everyone in the sector already knew, namely that 2009 was a dreadful year for the tourism sector. On the basis of the results of
“Green shoots” appeared to be sprouting in the Cyprus construction sector in June, as building permits rose over the year earlier for the second straight month. The Statistical Service reported that the
The economic situation has improved markedly since the second quarter, pointing to a better growth outlook for the second half of the year. But as economic activity at the end of 2008
The British banking sector's creditworthiness is set to remain under pressure for the next 12-18 months, as rising bad debts on the back of a weak economy weigh on lenders' profits, credit
Stock markets slid on Monday and the dollar firmed against major currencies due to fears that a burgeoning U.S.-China trade row could damage the world economy just as it was getting back
The euro zone is emerging from recession, the European Commission said on Monday, although it kept a gloomy forecast for 2009 despite an improved outlook for the second half of the year.
The fundamental credit outlook for the UK banking system remains negative, reflecting the weakness of the domestic macroeconomic environment and its likely continuing effect on the UK banks' financial performance, Moody's Investors
The fundamental credit outlook for the German insurance market remains negative, primarily reflecting continued margin weakness in life insurance and negative rate pressure in motor business, Moody's Investors Service said in its
The state budget for 2010 aims at minimising the consequences of the global financial crisis, avoiding excessive public deficits, strengthening the constructive sectors of the economy, and enhancing social cohesion. The draft
