Euro zone countries have agreed a rescue plan to prevent members of the currency bloc going bankrupt and will probably use it, with Ireland and Greece the top candidates for aid, a
The government will support the Cyprus Investment Promotion Agency (CIPA) to complete a project it has undertaken and to succeed in its mission, President of the Republic Demetris Christofias said. “No economic
Industrial turnover was strong in December according to the latest figures from the Statistical Service. The industrial turnover index reached 165.7 (base 2000=100), recording an increase of 8.7% compared with December 2007.
European Union leaders will urge the G20 leading and emerging economies to double the size of the International Monetary Fund's arsenal for fighting global recession to $500 billion, a draft declaration showed
Pirates seized a Greek-owned cargo ship off the coast of Somalia late on Thursday, the third such incident in the past two months, Greece's merchant marine ministry said. "The Saint-Vincent-flagged cargo vessel
Minister of Commerce, Industry and Tourism Antonis Paschalides departs Friday for Moscow where Cyprus will participate in the 4th International Tourist Exhibition entitled “Intourmarket 2009», organised by the Russian Federation. According to
Hundreds of thousands of people across France on Thursday began protests expected to draw at least a million demonstrators to the streets to denounce President Nicolas Sarkozy's handling of the economic crisis.
A bloc of fiscally conservative Democrats crucial to moving U.S. President Barack Obama's budget through Congress will demand strict spending and deficit controls as part of any final budget deal. Obama has
Unidentified assailants exploded a homemade bomb at the office of a Greek ruling party deputy on Wednesday, causing damage but no injuries, police said. Deputy Kyriakos Mitsotakis, 41, brother of Foreign Minister
A social summit for growth and employment, between the EU presidency, Sweden, Spain, the Commission and the social partners, was held on Thursday in Brussels, before the commencement of the European Council,
