European outsourcing overtakes American, says TPI

FRANKFURT (Reuters) – European companies outsourced more business than their counterparts in the Americas for the first time in 2007 as northern European countries followed Britain‘s lead, outsourcing consultancy TPI said. The

Global sell-off hits Cyprus

Cyprus’s benchmark stock index posted it sharpest single-day drop in more than two years on Monday as foreign investors, worried about drops in global markets, dumped banking shares. The GENX ended 8.43%

Cyprus cement production up 4.8% in 2007

Total cement production in Cyprus rose by 4.8% in 2007 to 1,872,531 (1.87 mln) tonnes, according to the latest data from the Statistical Service, compared with 1,786,488 (1.79 mln) tonnes in 2006.