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
The Price Index of Construction Materials in Cyprus reached 116.85 (base year 2005=100.00) in May, recording an increase of 0.19% over the previous month. For the period January – May 2009, the
After four months of decline, the number of residents of Cyprus travelling abroad rose again in April. On the basis of the results of the Passengers Survey, 102,733 residents of Cyprus returned
World stocks slipped on Monday and government bonds rose as a decline in oil and commodity prices weighed on resource stocks and caution ahead of this week's data weighed on risky assets.
U.S. President Barack Obama in an interview aired on Monday defended his administration's plan to give the Federal Reserve new powers to oversee systemic risks in the economy. Obama, in an interview
