The budget deficit in Cyprus almost halved to EUR 76.5 mln in the first quarter of 2010, from EUR 137.7 mln in the first quarter of 2009, according to preliminary data on
The trade deficit expanded in January-February according to the monthly report “Intra-Extra EU Trade Statistics (Summarised Data)” published by the Statistical Service. The main developments in Cyprus foreign trade were as follows.
The Cyprus Securities and Exchange Commission (CySEC) decided to impose an administrative fine of EUR500.000 on Commercial Value Α.Α.Ε. for violation the Market Abuse Law in relation to announcements dated 06 and
Spain became the latest euro zone country to announce sweeping austerity measures on Wednesday as the executive European Commission sought unprecedented power to pre-vet national budgets. Prime Minister Jose Luis Rodriguez Zapatero
The Bank of England (BoE) on Wednesday called on Britain's new coalition government for "careful thought and discussion" on reforming Britain's financial system and warned against too much haste. Britain's new Prime
Greek unions announced on Wednesday that they would stage a 24-hour nationwide strike on May 20, the second major protest against tough austerity measures pledged in exchange for billions of euros in
German Chancellor Angela Merkel said on Wednesday European Commission proposals on tougher budget rules are a step in the right direction. Merkel said the proposals were a means of increasing budget transparency
British Prime Minister David Cameron on Wednesday gave his first news conference since the formation of a coalition government. He was accompanied by Nick Clegg, the deputy prime minister. Following are key
Cyprus was still in recession in the first quarter of 2010 according to the “Flash Estimate” produced by the Statistical Service but the decline was milder than in any of the previous
Cyprus Airways has appointed George Mavrocostas, one of its veteran engineers as the airline’s new chief executive officer. As was widely expected, the board said it appointed Mavrocostas, 58, to the post,
