Cyprus’s PPP at 95% of EU average

Based on first preliminary estimates for 2008, Gross Domestic Product (GDP) per inhabitant expressed in Purchasing Power Standards (PPS) varied from 40% to 253% of the EU27 average across the Member States.

Cyprus has historic chance to end division-EU

The European Commission urged estranged Cypriots on Thursday to seize a "historic chance" to reunite their island, split by a conflict spanning decades and troubling Turkey's bid to join the EU. Commission

EC warns Cyprus over driving licences

The European Commission has issued reasoned opinions against Cyprus, Portugal and the Czech Republic for not yet communicating the measures to transpose into national law a Community directive on driving licences. The

Oil rises towards $69 on Nigeria attack

Oil rose towards $69 a barrel on Thursday after Nigeria's main militant group shut down one of Royal Dutch Shell's pipeline junction points, heightening concerns about supplies from the region. U.S. crude

Cyprus business sentiment worsens in June

The Cyprus Business climate in June 2009 deteriorated by 2.1 units month-on-month to 63.3 units according to the Business and Consumer Surveys conducted by the Economic Research Centre of the University of