The EU-harmonised consumer price inflation rate dropped to 0.9% over the year earlier in January 2009, having recorded an increase of 1.8% in December and 4.1% in January 2008. The consumer price
The industrial turnover index in November rose by 3.2% compared with November 2007 according to the latest figures from the Statistical Service. Industrial turnover comprises mining, quarrying, manufacturing, electricity, gas and water
Cyprus property sales to foreigners in 2008 fell sharply by 41% to 6636 from 11.281 sales in 2007, taking the level back to 2005 levels when property sales amounted to 6485, according
Marfin Popular Bank Public Co Ltd announced that its Board of Directors will meet on Thursday, 26 February 2009 to examine, among others, the preliminary results for the year 2008, as well
Cyprus has participated in the International Exhibition “Fruit Logistica”, which took place recently in Berlin. According to an official press release, the Cypriot Ministry of Commerce, Industry and Tourism participated in the
U.S. Secretary of State Hillary Clinton called for coordinated action to revive the global economy on Tuesday and invited Japanese Prime Minister Taro Aso to meet U.S. President Barack Obama at the
The Cyprus government submitted the Stability Programme 2008-2012 (SP) to the European Commission, the main feature of which is that after several years of running surpluses, the government is now forecasting that
U.S. oil prices climbed above $38 a barrel on Monday after the International Energy Agency (IEA) said there could be an oil market supply crunch from next year once global oil demand
Hungary will raise the main value-added tax rate to 23 percent from 20 from July to create room to cut taxes on labour, aiming to boost the ailing economy, Prime Minister Ferenc
Venezuela's President Hugo Chavez promised to use a referendum victory that allows his re-election to fight crime and corruption and consolidate socialism in a nation whose oil income has fallen abruptly. With
