The index of industrial production is provisionally estimated to have reached 94.4 (base 2005=100) in February 2009, recording a decrease of 8.4% over February 2008. For manufacturing, the index decreased by 7.8%
The Cyprus economy narrowly escaped contraction in the first quarter of 2009, with a seasonally adjusted growth rate of 0.01% over the previous quarter, according to the “flash estimate” released on Friday.
Europe sank deeper into recession in the first quarter of this year, official GDP readouts showed on Friday, as tumbling German exports and business investment plus another drop in French economic output
Slumping exports pushed German gross domestic product (GDP) down 3.8 percent in the first quarter of 2009, a far steeper drop than economists had forecast and the economy's worst performance since reunification
Germany's economy shrank by a larger than expected 3.8 percent in the first quarter, marking its worst performance since 1990 reunification and underscoring the depth of recession in the euro area. The
A total of 47 persons have submitted candidacies for the 6 seats of Cyprus in the European Parliament and the Republic of Cyprus has officially entered the final stage for the European
The European Commission has decided to pursue infringement procedures against Cyrus and four other Member States for failure to implement into national law an Internal Market Directive in the area of company
Major companies announced more job cuts and losses on Thursday, adding weight to a downbeat report on U.S. consumers and making clear the global economy is not yet out of the woods.
Poland reaffirmed its support on Thursday for Turkey's bid to join the European Union and said the bloc should not try to attach additional conditions for its membership. Muslim but secular Turkey
The number of foreign tourists visiting Britain in the first three months of this year was 13 percent lower than in 2008, and Britons made 19 percent fewer trips abroad, official data
