Economic freedoms were sharply reduced last year on massive spending and bailouts during the financial crisis, a trend that could imperil future economic prospects, the U.S.-based Heritage Foundation said on Wednesday. The
Thirty five exhibitors participate in Cyprus 2010 MOTORSHOW held here January 19-24, covering 14,500 square metres of ground, Chairman of the Cyprus State Fairs Authority Loizos Constantinou has said speaking during the
The Royal Institution of Chartered Surveyors (RICS) announced that the RICS Cyprus Property Index is in its final stages of completion and is expected to be launched by the end of the
Sweden’s tax office is chasing some 400 cases of tax evasion by entrepreneurs who have been transferring their funds to Cyprus, with the loss for Sweden estimated at 48 mln euros. Such
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
