Oil rises above $57 on economic hopes

Oil rose above $57 a barrel on Friday, remaining near a six-month high, lifted by hopes of an econonomic recovery that could boost falling world oil demand. European shares moved higher as

Qatar close to major investment in Cyprus

Minister of Finance Charilaos Stavrakis has said that Cyprus is satisfied with the progress achieved so far regarding negotiations between Cyprus and Qatar for an investment in Nicosia on behalf of the

Cyprus petroleum sales up 9.8% in March

The total sales of petroleum products in March 2009 recorded an increase of 9.8% compared to the previous month, according to the Statistical Service. A significant increase was recorded in the sales