Cyprus industrial turnover down in 7.6% February

In February 2009 the industrial turnover index in Cyprus is provisionally estimated to have reached 112.2 (base 2005=100), recording a decrease of 7.6% compared with February 2008. For manufacturing, the index for

Cyprus construction prices down in April

Construction materials prices in Cyprus have been falling as metallic and electromechanical product prices decrease. In April the price index of construction materials reached 116.52 units (base year 2005=100), recording a decrease

Turkish Cypriots pessimistic on unification talks

 The newly-elected right-wing government of northern Cyprus said on Friday it was pessimistic that peace talks to unify the island would succeed. Turkish Cypriots recently elected a government backing a two-state arrangement,

Oil up above $61 as China’s demand rebounds

Oil firmed above $61 on Friday as fundamental support came from consumer nations such as China, the United States and Africa's top producer Nigeria after weeks of equity-led rallies. U.S. crude futures