Cyprus - Page 1811

The U.S. jobless rate is likely to stay high even once the nation exits recession some time in the next few months, Federal Reserve Chairman Ben Bernanke said on Sunday. Taping a

Bank of Cyprus announced a new five year shareholder agreement with George Piskov and Gagik Zakaryan, Chairman and President of Russian Uniastrum Bank respectively, thereby showing clearly the Bank’s confidence in Messrs

Primetel Plc (PTL), the alternative telecom provider announced that it has successfully completed the issue of the 5-year bond of EUR5 mln, which bears a stable interest rate payment of 6.75% per

The Cyprus Business climate index in July 2009 improved by 3.2 units month-on-month to 66.5 units, according to the Business and Consumer Survey conducted by the Economic Research Centre of the University

Options Cassoulides Plc (OPT) announced that its subsidiary I.G Cassoulides & Son Ltd reached an agreement with Messrs. Anastasios Elias and Georgios Andreou (who already hold 50% of Marelia Development Ltd) for

Europe produced a raft of survey reports on Friday that suggested the worst of the recession may have passed by mid-year and that industrial output is starting to stabilise, albeit on government

Oil rose toward $68 on Friday, scaling a fresh three week high, driven by rallies on global equity markets and gains in gasoline prices. U.S. crude was 47 cents up at $67.63

Britain's economy shrank more than twice as fast as expected in the second quarter to register its biggest annual decline since comparable records began in 1955, official data showed on Friday. The

Cyprus plans to legislate against usury after an apparent spike in cases of people struggling with costly debt from loan sharks profiteering during the financial downturn. Although there is no hard data,

After three years of decline, the European Union unemployment rate started to rise in the first quarter of 2008, in the wake of the world economic crisis. Since then the unemployment rate,