The Cyprus Stock Exchange General index tumbled to a fresh five year low of 861.54, taking its losses since the start of the year to 21.8% as banks remained under heavy selling
Oil in New York fell to around $37 a barrel on Tuesday as bleak economic indicators turned the focus back to the worldwide slump in demand, outweighing lower supplies due to OPEC
The dollar rose broadly while the euro hit a more than two-month low on Tuesday, pressed by concerns over a recession in eastern Europe and the knock-on effect on European banks. However,
The Statistical Service has announced the publication of the annual report Hotels and Restaurants Statistics for the year 2007, showing that the total sector is worth EUR 1.9 bln in gross output
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
