Cyprus Tax receipts up 41% in 2007

The Cyprus Inland Revenue Department reported that total tax revenue during 2007 jumped by a record 41% YoY to CYP 1.25 bln or EUR 2.13 bln compared to CYP 888.1 mln or

Stocks hammered; investors flee to bonds

Major Asian stock markets fell as much as 8 percent as panicky investors feared a U.S. recession could derail global economic growth, and a sharp drop in U.S. stock index futures pointed

SEPA goes Live

Official Launch of the Single Euro Payments Area   To mark the official launch of the SEPA (Single Euro Payments Area), Charlie McCreevy (Internal Market and Services Commissioner, European Commission), Gertrude Tumpel-Gugerell