Fiscal purification is a one-way street for the government, Minister of Finance Charilaos Stavrakis has said, urging all political parties to adopt a package of measures to boost public finances. The Minister
An increase of 5.4% on trips abroad by residents of Cyprus was recorded in June 2010, compared to the corresponding month of 2009, according to the Statistical Services. On the basis of
There were several encouraging signs that the economic recession in Greece will probably be less severe than initial forecasts, economy ministry officials and troika experts agreed during a meeting on Tuesday. The
Culture and Tourism deputy minister George Nikitiadis held a series of talks in Moscow on Monday with Russian tourist authorities as part of the ministry's revamping of its strategy and effort to
European shares rose to a five-week closing high on Tuesday as strong results from UBS boosted banks, but more than half the market's early gains were erased after data showed a drop
Oil prices fell by more than 2% on Tuesday, reversing an earlier rally, after data showed U.S. consumer confidence plunged to the lowest level in five months, prompting investors to sell off
Job worries drove July U.S. consumer confidence to its lowest since February, with one in six people expecting lower income in the next six months, underscoring the precarious state of economic recovery.
BP's newly named chief executive on Tuesday called the Gulf oil spill a "wake-up call" for the entire industry as the company tallied up its losses and disclosed two U.S. investigations. Bob
World stocks hit a 2-1/2 month high on Tuesday while the euro held near a two-month peak versus the dollar as upbeat results from Swiss bank UBS added to a recent run
The cost of protecting government debt against default in Greece, Spain and other peripheral euro zone debt issuers fell on Tuesday as investors switched back to riskier assets post-bank stress tests. Five-year
