Cyprus government approves 2008 Budget

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

Cyprus Q2 GDP put at 3.7%

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

US payrolls unexpectedly drop by 4.000

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

Dollar tumbles, gold at record high

The dollar fell to a fresh low of $1.3799 against the euro following the surprise and unexpected 4.000 decline in US non-farm payrolls in August for the first time in four years,

Cyprus Q2 GDP put at 3.7%

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