Cyprus retail sales down in September

Latest figures show that the turnover volume index of retail trade excluding automotive fuel in Cyprus fell by 6.7% in September, when compared with September 2008. Between August and September 2009 the

Cyprus needs to save €500 mln each year

 — No new taxes, but will stamp out tax evasion — Cyprus Finance Minister Charilaos Stavrakis unveiled a fiscal package aimed at generating savings and additional revenue of EUR 500 mln a

Zapatero visits Cyprus on eve of EU presidency

Spain fully supports the ongoing UN-led negotiations for a solution of the Cyprus problem, said Prime Minister Jose Luis Rodriguez Zapatero, speaking to the press after a meeting on Monday with President