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
Cypriot Hellenic Bank posted a 96% drop in first-half net profit to EUR 2.06 mln compared to profits of EUR 50.89 mln a year ago in the same period but well above
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,
Business investment in Britain fell 10.4 percent in the second quarter of this year compared with the first, the steepest drop since 1985, preliminary official data showed on Thursday. Compared with a
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
Petrolina (Holdings) Plc (PHL) announced its first half 2009 results posting a net profit figure of EUR 4.0 mln vs. a net profit of EUR 3.6 mln in the same period a
The World Council of Hellenes Abroad (SAE), the Worldwide Federation of Overseas Cypriots (POMAK) and the International Coordinating Committee “Justice for Cyprus” are strengthening their efforts towards the realisation of their vision
APOEL of Nicosia has qualified for the Champions League groups, following a 3-1 win over Copenhagen on Wednesday evening. APOEL managed to overturn the 1-0 loss over Copenhagen in the first match
G20 countries should ensure they have plans to withdraw the huge stimuli put into their economies but are clear the fiscal and monetary boosts remain in place for now, a UK government
A 10.9% fall in tourist arrivals has taken its toll on consumption of locally produced beer in Cyprus, with local consumption in January-July 2009 down 11.9% over the same period of the
