Global slide in ’09 economic freedom holds risks

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

2010 Motorshow opens in Cyprus Nicosia

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

Cyprus M&As plunge 80% in value

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

EU, rating agencies ramp up pressure on Greece

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 &

UK inflation surges at record pace in December

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

Cyprus cement sales down 25.8% in 2009

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