Turkish Cypriot leader disappointed with EU

Turkish Cypriot leader Mehmet Ali Talat is disappointed with the European Union for using Cyprus as an argument against Turkey's possible accession to the 27-nation bloc, he told an Austrian newspaper on

US Retail sales surge, inflation pressures muted

Sales at U.S. retailers rose more strongly than expected in March, pointing to a broadening of the manufacturing-led economic recovery as inflation pressures remained muted. The Commerce Department said on Wednesday total

Cyprus HIPC inflation rate declines in March

The EU-harmonised inflation rate (HICP) in Cyprus fell to 2.3% in February, from 2.8% in March, according to the latest figures from the Statistical Service. However, this was still considerably higher than

Cyprus construction down 13.3% in Q4

The depth of the recession in the construction sector has been underlined by figures on production, showing that the production index in construction fell by 13.3% over the fourth quarter of 2008

Cyprus tourism leaps 14.8% in March

Tourism arrivals in Cyprus saw their best monthly increase in years in March, as arrivals of tourists rose by 14.8% over the year earlier to reach 103,803, compared with 90,434 in March

Greece sells T-bills, demand high

Greece on Tuesday easily sold a total of 1.56 billion euros ($2.12 billion) of 26- and 52-week T-bills, passing its first borrowing test since details of the European/IMF safety net were announced