Credit card spending by locals leapt for the second month in a row in March according to data from the credit card company JCC. Local plastic card use by Cyprus residents rose
Turkish Cypriots spent EUR 3.7 mln using credit and debit cards in the southern part of Cyprus during the first three months of the year, according to data from the credit card
The European Union is prepared to intervene over Greece should it be required to, EU President Herman Van Rompuy told Le Monde newspaper on Friday. "We are ready to intervene if the
Greece is not at the point where it needs a financial bailout and is in no danger of defaulting, European Central Bank president Jean-Claude Trichet said in an interview on Friday. Default
British factory gate inflation rose in March at its fastest pace in 16 months, driven by a surge in the cost of oil and imported goods, official data showed on Friday. The
Greece's headline consumer price inflation accelerated to a 3.9 percent annual pace in March on higher fuel prices and increased VAT tax, the country's statistics service said on Friday. Consumer inflation rose
The European Central Bank kept euro zone interest rates at a record low of 1.0 percent as expected on Thursday, leaving it poised to flesh out a revamp of its lending rules
Markets pounded Greek bonds and banking stocks on Thursday, driving the debt-stricken euro zone member's borrowing costs to new highs and pushing it closer to tapping a last resort EU/IMF safety net.
Unemployment rose less quickly in March than in previous months, according to the latest figures from the Statistical Service. The number of unemployed registered at the District Labour Offices on the last
Greece's Prime Minister said on Wednesday that an EU agreement struck last month to help the country avoid bankruptcy was a great success and rendered its fiscal situation manageable. "This agreement is
