Oil falls from six-month high above $58

Oil fell $1 a barrel to below $58 on Monday, reversing some of the previous session's gain, pressured by falling European equities and caution over the pace of any global recovery. The

Cyprus VAT receipts decline 3.8% in April

Indirect tax receipts for April ’09 contracted by 5.7%, whilst receipts for the period January – April 2009 were 4.7% lower at EUR 756 mln according to the Department of Customs and

Future of Cyprus real estate looks brighter

Falling cement sales and rising unemployment in the construction sector suggest that construction in Cyprus is doing badly at present. But the future appears already to be brighter, according to the forward-looking