Dropped from €1.07 bln to €215 mln in 2009 The value of mergers and acquisitions involving Cyprus-based companies plunged by 80% in 2009 to EUR 215 mln, a far cry from the
The European Union and rating agencies piled pressure on Greece's government on Tuesday to quickly implement budget cuts but the agencies sounded cautiously optimistic over plans to fix public finances. Standard &
Oil fell below $78 a barrel on Tuesday, extending its recent losing streak, as producer group OPEC said supply was ample to meet winter demand and trimmed estimated demand for its oil.
Britain's inflation accelerated in December at a record pace, prompting worries that interest rates might rise sooner than expected, though the surge was largely due to an unflattering comparison with a year
Local sales of cement tumbled 25.8% in 2009, according to the latest figures from the Statistical Service. Total sales locally reached 1.44 mln tonnes, down from 1.94 mln in 2008, reflecting the
Developed countries may slip back into recession if they abandon strategies deployed to battle the global financial crisis too early, the head of the International Monetary Fund warned on Monday. Recovery in
U.S. consumer prices rose modestly last month while a cold snap lifted industrial output, suggesting the economy was growing but not generating enough inflation to trouble the Federal Reserve. The Labor Department
Global oil demand this year will reach the highest level since 2007, with rising consumption led by faster growth in emerging economies in Asia, the International Energy Agency said on Friday. The
Minister of Finance Charilaos Stavrakis said on Thursday that, despite the global financial crisis, Cyprus still has an advantage over Europe concerning the potential growth rate of its economy. He added that
Cypriot track and field athletes, Kyriakos Ioannou and Eleni Artimata, are the top Cypriot sports personalities on the island and APOEL football club was named team of the year for 2009, according
