The overall tax-to-Gross Domestic Product ratio in Cyprus was 41.6% in 2007, marking an increase of 5% compared to 2006, according to Eurostat. The overall tax-to-GDP ratio measures the tax burden as
Cyprus counts 42 deaths in road accidents in 2008, recording a decrease of about 8% compared to 2007. A report released by the European Transport Safety Council saw a decrease in road
The Price Index of Construction Materials in Cyprus reached 116.85 (base year 2005=100.00) in May, recording an increase of 0.19% over the previous month. For the period January – May 2009, the
After four months of decline, the number of residents of Cyprus travelling abroad rose again in April. On the basis of the results of the Passengers Survey, 102,733 residents of Cyprus returned
Apple Inc said it had sold more than 1 million of its newest iPhone in the first three days of launch, beating analysts' expectations for the 3GS smartphone's debut. The statement from
Stocks slid on Monday as investors questioned the strength of an economic recovery, while energy shares were dragged down by lower oil prices. After a sharp three-month rally, indexes have eased as
World stocks slipped on Monday and government bonds rose as a decline in oil and commodity prices weighed on resource stocks and caution ahead of this week's data weighed on risky assets.
U.S. President Barack Obama in an interview aired on Monday defended his administration's plan to give the Federal Reserve new powers to oversee systemic risks in the economy. Obama, in an interview
The Republic of Cyprus condemns in the strongest manner, the recent terrorist attack on an Iranian mosque in Zahedan, Iran. In a statement here Monday, the government of the Republic of Cyprus
The Organisation for Economic Cooperation and Development added to a grim outlook from the World Bank on Monday, saying major economies will contract throughout 2009 and the problem of unemployment will linger.
