Dollar drops on recession fears

The U.S. dollar slid and Tokyo’s Nikkei stock index slumped more than 3 percent to a 26-month low on Wednesday, as a record loss at financial powerhouse Citigroup and weak U.S. retail

Cyprus trade deficit at CYP 2.5 bln in Jan-Oct 07

The Statistical Service of Cyprus has announced the publication of the monthly report “Intra-Extra E.U Trade Statistics (Summarised Data)” for October 2007. The main developments in Cyprus foreign trade were as follows.

Cyprus house prices rise 19.2% in 2007

But slip in December   Residential house prices in Cyprus accelerated during 2007 according to the latest results from the BuySell Home Price Index, rising by 19.2% for the whole year compared

Cyprus construction accelerates to 9% in Q3

The Cyprus production index in construction reached 124.2 in the third quarter of 2007, rising by 9% over the same quarter of 2006. Construction output thus accelerated compared with the second quarter

Nokia to close Bochum site in Germany

Nokia announced plans to discontinue the production of mobile devices in Germany and close its Bochum site by mid-2008. The company plans to move manufacturing to its other, more cost-competitive sites in