The more than EUR 6 bln reserves of the Cyprus Social Insurance Fund will continue to be held by the government in the form of low interest rate loans rather than invested
Greece, Europe's heaviest smoking nation, will try to kick the habit by banning tobacco in indoor public places from July 1, but many doubt the ban will work. Greece breaks all European
Cyprus is seriously interested in the Chinese market and the Beijing tourist market is the initial step of a specific strategy to attract tourism from this gigantic market. This was the message
Oil fell towards $67 a barrel on Tuesday as uncertainty over the state of the global economy hit equity markets and increased expectation that oil demand could be slow to revive significantly.
A stumble in sentiment punctured hopes of a rapid rebound from recession in the euro zone's services-led economy and the European Union and United States faced off against China in a looming
Cyprus's tourism industry is bracing itself for the worst summer season on record as the global financial crisis hits the pockets of tourists, edging Cyprus closer to a recession, analysts said on
A recovery from a severe recession in the euro zone's services sector stalled in June as consumers remained nervous, but factories fared better as they ran down stocks, key surveys showed on
President Demetris Christofias has said that he and Turkish Cypriot leader Mehmet Ali Talat have a responsibility to fulfill the aspirations of all Cypriots. He also expressed hope that the wisdom and
The overall tax-to-Gross Domestic Product ratio in Cyprus was 41.6% in 2007, marking an increase of 5% compared to 2006, according to Eurostat. The overall tax-to-GDP ratio measures the tax burden as
Cyprus counts 42 deaths in road accidents in 2008, recording a decrease of about 8% compared to 2007. A report released by the European Transport Safety Council saw a decrease in road
