— “Melkonian school should continue” — President Demetris Christofias concluded a two-day official visit to Armenia, where he said after meetings with his counterpart Serzh Sargsian that Cyprus-Armenia ties should be enhanced
G8 leaders were due to agree a goal of limiting global warming to 2 degrees Celsius (3.6 Fahrenheit) above pre-industrial levels at a summit in Italy on Wednesday. Here are some facts
UK Treasury minister Paul Myners said on Wednesday that Bank of England Governor Mervyn King had been "fully consulted" on the government's banking reforms. Myners also dismissed talk of a rift between
Spending through credit cards by residents of Cyprus fell 2% year-on-year to EUR 150 mln in Jubne 2009 according to figures released by JCC Payments in another sign of weak consumer spending.
VAT receipts, which constitute the biggest part of indirect taxes receipts at 75% of the total, recorded a 9.1% decrease in the first half of 2009 to EUR 861 mln from EUR
The European Commission approved the annual report for 2008 on the implementation of the aid programme for the Turkish Cypriot community. The aid programme aims to facilitate the reunification of Cyprus by
OPEC's income from oil and gas exports jumped 35 percent to more than $1 trillion last year as world oil prices hit record highs of almost $150 per barrel, the group said
The global economy is starting to pull out recession but recovery will be sluggish and government policies need to remain supportive, the International Monetary Fund said on Wednesday. In an update of
German industrial output bounced back strongly in May, boosting hopes that the recession is bottoming out, even though a summit of G8 leaders fretted about the slow pace of global economic recovery.
World demand for OPEC's oil may take years to recover from the slump in 2009 because of economic weakness and demand destruction, the group said on Wednesday, justifying its slower spending on
