‘Growth is key to all problems’ President Demetris Christofias presented the Cyprus Exports Awards for 2008 to the successful companies on Thursday, saying that exports, tourism and services were the driving force
— Wins 2nd EU Award — Enfoton Solar Ltd., the only photovoltaic panel manufacturer in Cyprus, has won the European Export Award for its contribution to the island’s economy, as nearly all
Oil rose towards $79 a barrel on Friday, after sliding more than 2 percent the previous session, as an upwards revision in U.S. gross domestic product for the fourth quarter helped revive
National carrier Cyprus Airways swung to a net loss of EUR3.28 mln in 2009, with operations crimped by a fall in passenger and cargo traffic, it said. The airline, majority controlled by
Cypriot retailing group Cyprus Trading Corp's net profit fell to EUR11.7 mln in 2009, reflecting a decline in retail business and incorporation of results from a subsidiary. The group, which has an
The U.S. economy grew a touch faster than initially thought in the fourth quarter as businesses drew down inventories at a much slower pace and boosted investment, a government report showed on
Prime Minister George Papandreou on Friday vowed to ignore the political costs and take drastic measures to pull Greece out of a debt crisis threatening the stability of the euro zone. Speaking
Oil held around $78 a barrel on Friday after sliding more than 2 percent the day before as traders mulled recovery prospects for the United States, the world's top energy consumer, ahead
Britain's economic growth in the fourth quarter was revised up more than expected after new figures showed the service sector grew five times faster than initially estimated. The Office for National Statistics
Greek Prime Minister George Papandreou told parliament on Friday, after a visit by EU economic inspectors, that the worst fears about Greece's economy had been confirmed. Greece is desperate to restore investor
