Communist Christofias wins Cyprus presidential vote

Communist party leader Demetris Christofias won presidential elections in Cyprus on Sunday and agreed immediately to meet the head of the island’s breakaway Turkish-Cypriot community to revive reunification efforts, Reuters reported. The

EU jobs outlook upbeat, but progress uneven

Employment growth has been impressive in the last year according to the Joint Employment Report, to be adopted by Employment Ministers on February 29. Almost 6.5 mln new jobs were created during

Dollar weakens but catches up on the Yen

  Raj Ratna Finotec Analysis Team 25 February 2008     EUR/USD USD/JPY GBP/USD USD/CHF Resistance 1.49551.49401.4860 108.35107.95107.75 1.97851.97401.9710 1.10451.09601.0920 Support 1.47901.47051.4610 106.35106.05105.90 1.96101.95951.9500 1.08351.08001.0730 The greenback fell against the major currencies

Social protection in Cyprus low by EU standards

Social Protection expenditure in Cyprus amounted to 17.9% of GDP in 2005, compared with an EU27 average of 27.3%, according to a Statistical Service report entitled “Social Protection in Cyprus 2005”. In