The Bank of England could cut the interest rate it pays banks holding reserves with it to help nurture what it says will be a gradual economic recovery, Governor Mervyn King said
China unveiled data on Tuesday that showed tire exports to the United States actually fell in the first half of 2009, rebutting Washington's accusations it had breached its WTO agreements by flooding
German Chancellor Angela Merkel said on Tuesday the Group of 20 economic powers must agree clear rules to prevent another crisis occurring and to prevent bankers from burdening the economy again. "We
Employment in Cyprus recorded a reduction during the second quarter of 2009, according to estimates published by Eurostat. The employment rate in Cyprus for the second quarter of 2009 fell by 0.5%,
Marfin Popular Bank Public Co Ltd announced the successful completion of the issue of a EUR500 mln 3-year Senior Debt under the EMTN (Euro Medium Term Note) for the drawdown of medium
The Statistical Service of Cyprus has announced the publication of the monthly report “Intra-Extra E.U Trade Statistics (Summarised Data)” for June 2009, showing that the trade deficit fell to EUR 3 bln
Cyprus motor vehicle registrations tumbled by 32.4% in August, to 3,221, compared with 4,762 in the same period of 2008. Private saloon registrations were down 36.3%, while light goods vehicles were down
Tourism arrival figures for August have confirmed what everyone in the sector already knew, namely that 2009 was a dreadful year for the tourism sector. On the basis of the results of
“Green shoots” appeared to be sprouting in the Cyprus construction sector in June, as building permits rose over the year earlier for the second straight month. The Statistical Service reported that the
The state budget for 2010 aims at minimising the consequences of the global financial crisis, avoiding excessive public deficits, strengthening the constructive sectors of the economy, and enhancing social cohesion. The draft
