Rather than easing the competitive pressure on global tire industry, declining raw-material prices in 2007 may actually put pressure on margins and cash flows, cautions a report published today by Standard &
The European Commission has today put forward a series of proposals to improve the application of Community law by Member States. The Commission, as part of its better regulation priority, aims at
As Europe’s population grows older faster and the pool of young workers shrinks, the EU will rely more and more on its younger generation. According to a Commission analysis presented today, young
The European Commission has adopted on 5 September a Communication entitled “Promoting young people’s full participation in education, employment and society”. The document, prepared jointly by Commissioners Ján Figel’ and VladimÃr Å pidla,
…Foreigners seen buying 6000 housing units in Cyprus  The property market in Cyprus has seen strong price appreciation in recent years, with high end prices in Nicosia, Limassol and Larnaca doubling
The banking system in the Republic of Serbia (BB-/Stable/B) is considered to be riskier than its neighboring countries, the Republic of Bulgaria (BBB+/Stable/A-2) and the Republic of Croatia (foreign currency, BBB/Stable/A-3; local
The Cyprus Council of Ministers approved the Draft 2008 State Budget, which will be submitted to the House of Representatives for a final approval before the end of 2007. The Draft 2008
The Statistical Service has produced its first full breakdown of real GDP growth in the second quarter, showing real GDP growth of 3.7% on the back of very strong growth of financial
Nonfarm payrolls unexpectedlyfell by 4.000 in August as opposed to expectations for a 108.000 growth raising the prospect of a rate cut by the FOMC on September 18, 2007, which sent the
The number of unemployed in Cyprus registered at the District Labour Offices on the last day of August 2007, reached 11,783 persons, down from 12,191 persons in July 2007, marking a decrease
