Cyprus - Page 1949

President Demetris Christofias announced a new stimulus package worth EUR 300 mln on Tuesday to accelerate the growth rate of the local economy and to maintain unemployment at low levels. The government

The United States shed nearly 600,000 jobs in January and German and British industry output plunged the month before, data showed on Friday, while an array of Japanese firms suffered heavy body

The plenary of the House of Representatives unanimously passed an amended bill on Thursday in favour of overseas Cypriots to vote in their countries of residence. According to the new bill, those

The UN-led negotiation process underway could lead to a solution of the Cyprus problem by 2010, Olli Rehn, European Union's Commissioner for Enlargement has said. Rehn's comment came as UN-led negotiating process

British industrial production fell more sharply than expected in December and at its fastest quarterly rate since 1974, suggesting the economy shrank even more sharply at the end of last year than

Trips abroad by residents of Cyprus rose by 12% in 2008 to 1,209,79, compared with 1,080,512 in 2007. This was a much better performance than tourism arrivals , which fell by 0.5%

The consumer price inflation rate in Cyprus fell four a sixth consecutive month in January, reaching just 1.1% compared with January 2008, after recording a rate of 2.1% in December. The inflation

Cyprus government decided to grant 500.000 euros as aid to the Palestinians living in Gaza, after the devastating attacks they suffered by the Israeli armed forces. In statements after a meeting of

Total tax revenue collected by the Inland Revenue Department (IRD) in 2008 increased marginally by 0.8% Year-on-Year to EUR 2.15 bln compared to EUR 2.13 bln in 2007. Corporation tax revenue saw

New car sales in Britain fell by almost a third year-on-year in January to register their worst performance for that month since 1974, industry figures showed on Thursday. The Society of Motor