World stocks rise; government bonds slip

World stocks rose on Tuesday after three days of consecutive declines knocked them to 6-year lows, while government bonds slipped as fears grew governments may need to issue huge debt to fund

Cyprus VAT receipts rebound in February

Revenue from indirect taxes in February 2009 recorded an increase of 7.1% compared to 4.1% decline in January 2009 according to the Department of Customs and Excise. For the period January –