Oil rose above $53 a barrel on Thursday as expectations that economic stimulus packages might be working offset the impact of high oil inventories. U.S. light crude was trading $1.11 up at
U.S. exports, which supported economic growth until collapsing at the end of 2008, are unlikely to fuel a rebound this year, a Federal Reserve official said on Thursday. "In my economic outlook
Britain must make sure its budget deficit is sustainable in the medium term or risk damaging business confidence, Bank of England policymaker Andrew Sentance said in an interview published on Thursday. "We
British retail sales plunged in February as snowy weather and economic gloom kept consumers away from the shops, official data showed on Thursday. The Office for National Statistics said sales fell 1.9
Mobile phone services in Cyprus are one of the cheapest offered in EU member-states, according to the annual report of the European Commission, which records a strong growth both in mobile telephony
Turkish occupation is responsible for the destruction of Cyprus' cultural heritage, President of the Republic Demetris Christofias has said, noting that Turkey must contribute to the solution of the Cyprus problem. Speaking
Preliminary estimates for national accounts in 2008 show that there was a slowdown across almost all private sectors in 2008 but that the government helped to prop up growth by accelerating spending.
The industrial output prices index rose by 3.5% over the year earlier in January 2009, reaching 118.6 (base 2005=100). Compared with the previous month, output prices fell by 3.3%. For index for
The Civil Registry and Migration Department of the Ministry of Interior of Cyprus announced that as from January 1, 2009, the housemaids’ minimum gross salary will be adjusted on the contracts every
The European Commission assessed the updated Stability Programme of Cyprus and found that the fiscal policy in 2009 will be rather expansionary. According to a press release issued by the Commission on
