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
Financial publishing and conference group Euromoney said revenues fell 9 percent in April after a 4 percent rise in the six months to end-March and predicted things would get worse before they
Marfin Popular Bank Public Company Ltd (CPB) announced the successful completion of the Capital Securities 2009 issue, which amounted to EUR242,229,000 (total amount offered was EUR250m). The issue was addressed to a
The Annual General Meeting of shareholders of Bank of Cyprus Public Company Ltd (BOCY) approved the payment of a final dividend of EUR0.12 in addition to the EUR 0.15 interim declared and
Turkish municipalities are currently facing a challenging combination of a severe economic downturn and tight funding environment, Moody's Investors Service said in a new Special Comment. Moody's expects municipal budgets to be
