Commerce, Industry and Tourism Minister Antonis Paschalides has said that the Cypriot economy has proved that despite its small size, it is based on sound structures which enable it to deal successfully
Cyprus's parliament on Thursday approved the 2010 state budget which sees the island's deficit exceeding a 3.0 percent of GDP EU limit imposed on members of the euro zone. Thirty-three MPs from
Global Shariah Shipping Fund, jointly sponsored by Cyprus-listed SFS Group and Kuwait Finance House (Malaysia) and Global Shipping Investments Management Ltd (equally owned company by SFS and KFHAM), is being launched with
The number of workers filing new applications for jobless insurance unexpectedly rose last week, according to government data on Thursday that still suggested the labor market was improving. Initial claims for state
The European Central Bank gave itself the go-ahead on Thursday to build a new 1 billion euros, 48-storey headquarters, giving it a permanent home for the first time and drawing a line
Around 4,500 passengers were stranded abroad on Thursday after the suspension of Scottish airline Flyglobespan, administrator PricewaterhouseCoopers said. The owner of the airline, Globespan, was put into administration late on Wednesday after
A flurry of British retail and consumer goods companies lifted profit forecasts on Thursday, adding to hopes of economic recovery, though many continue to bear the scars of the downturn and remain
Bank of Cyprus announced that it has acquired 102.862.785 shares representing a 9.7% interest in Banca Transilvania’s share capital with a total acquisition cost of EUR58 mln. The transaction does not have
New U.S. home construction rose less than expected last month, while consumer prices increased marginally, suggesting little urgency for the Federal Reserve to raise interest rates sooner as the economy steadily recovers.
After more than three centuries, the humble cheque could become a historic relic if British banks, as expected, vote to phase it out in favour of more modern payment methods. The board
