UK Treasury minister Paul Myners said on Wednesday that Bank of England Governor Mervyn King had been "fully consulted" on the government's banking reforms. Myners also dismissed talk of a rift between
Spending through credit cards by residents of Cyprus fell 2% year-on-year to EUR 150 mln in Jubne 2009 according to figures released by JCC Payments in another sign of weak consumer spending.
VAT receipts, which constitute the biggest part of indirect taxes receipts at 75% of the total, recorded a 9.1% decrease in the first half of 2009 to EUR 861 mln from EUR
The European Commission approved the annual report for 2008 on the implementation of the aid programme for the Turkish Cypriot community. The aid programme aims to facilitate the reunification of Cyprus by
OPEC's income from oil and gas exports jumped 35 percent to more than $1 trillion last year as world oil prices hit record highs of almost $150 per barrel, the group said
The global economy is starting to pull out recession but recovery will be sluggish and government policies need to remain supportive, the International Monetary Fund said on Wednesday. In an update of
World demand for OPEC's oil may take years to recover from the slump in 2009 because of economic weakness and demand destruction, the group said on Wednesday, justifying its slower spending on
The world needs to wake up to the scale of the downturn and stay focused on restarting growth in recession-hit economies, British Prime Minister Gordon Brown told Reuters on the eve of
Major economies tried on Tuesday to break the deadlock between rich and poor nations over 2050 goals for cuts in greenhouse gas emissions at a last-minute meeting before an expanded G8 summit
EU – Armenian issues were the focus of the meeting held Tuesday in Yerevan between the Ministers of Foreign Affairs of Cyprus and Armenia. Cypriot FM Markos Kyprianou, who is accompanying President
