Cyprus government’s fiscal policy for 2010

Cyprus Government's fiscal policy for the year 2010 will be aimed at maintaining the deficits on reasonable levels and supporting the real economy to the greatest possible extent. Minister of Finance Charilaos

Cyprus faces declining revenue, higher deficits

Cyprus is facing a decline in all sources of government revenue as the economic downturn bites, hitting the island's public finances, the finance minister said on Thursday. Cyprus, which had posted surpluses

John Paulson buying Citigroup shares: report

Hedge fund manager John Paulson, who bet against financial companies after foreseeing the credit crisis, has been buying Citigroup Inc (C.N) shares over the past few weeks, the New York Post reported,

Cyprus business confidence worsens in August

The business confidence index deteriorated by 6.4 units in August 2009 to 60.8 units according to the Business and Consumer Survey conducted by the Economic Research Centre of the University of  Cyprus