Wholesale trade performed badly in 2009 according to the latest figures. The turnover value index of wholesale trade except motor vehicles and motorcycles for January-December 2009 recorded a decrease of 13.3% compared
The Cyprus economy shrank by 1.7% in 2009, according to the latest full figures on the national accounts. In the fourth quarter real GDP rell by 3.0% over the corresponding quarter of
Oil rose above $82 on Friday, poised for a second consecutive weekly gain, on a weakening dollar and as views emerged that energy demand would continue to grow in the developing world.
Greece's gross domestic product shrank slightly less than feared at the end of 2009 and unemployment eased, but the economy looked set to deteriorate as the government imposes major cutbacks. Greece's 240
The storm brewing on OPEC's horizon over future Iraqi oil output could engulf the producer group sooner than it would like. OPEC was unlikely to discuss Iraq at its meeting on March
Treasury Secretary Timothy Geithner said on Wednesday that "fundamental reform" of the government's role in the housing finance market is needed and it will be next year before proposals are ready for
China's yuan is still "very much undervalued", the head of the International Monetary Fund said on Tuesday, although he added that a focus on domestic growth could lead to changes "in the
Britain's goods trade deficit with the rest of the world unexpectedly widened in January to its biggest since August 2008, raising further concerns about the strength of the country's broader economic recovery.
The European Investment Bank has signed a EUR 50 mln agreement with the Co-operative Central Bank for financing small and medium-sized enterprises in Cyprus. The EIB increased its total lending volume in
Oil rallied to an eight-week peak above $82 a barrel on Monday, near its highest this year, buoyed by a weaker dollar and signs of an economic recovery in top oil consumer
