The worst of the global financial crisis may be yet to come, and the European Central Bank could cut interest rates next month, ECB Governing Council member Erkki Liikanen was quoted as
The Cyprus tourism sector started the year on the doldrums, as passenger arrivals fell by 7.1% to 47,066 in January 2009 compared with 50,658 in January 2008. Arrivals from the UK fell
The Cyprus trade deficit widened to EUR 6,160.2 mln (EUR6.2 bln) in 2008, according to preliminary data for December. Total exports rose by 7.8% to EUR 1.2 bln while total imports rose
Farmers in seven European Union nations planted genetically modified crops commercially last year, one fewer than in 2007 after France banned cultivation of GM maize, an industry-sponsored report said on Wednesday. In
The European Union announced plans on Wednesday to hold no fewer than three economic summits to iron out national differences that threaten to hamper its efforts at tackling the recession. The move
Iran denied on Wednesday that a ship detained by Cyprus last month on its way from the Islamic Republic to Syria had been carrying weapons. A Cypriot source on Saturday said the
No restrictions have ever been imposed on the sale of Greek Cypriot property, in the northern Turkish occupied part of Cyprus, Government Spokesman Stephanos Stephanou said here today, fending off criticism from
President Demetris Christofias believes that Turkey’s role in the Cyprus question cannot just be confined to giving assurances and that Turkish Cypriot leader Mehmet Ali Talat must be left alone to negotiate
Cypriot Minister of Foreign Affairs Markos Kyprianou praised on Wednesday the principled position the Russian Federation maintains on the Cyprus problem. ''The positions of Russia on Cyprus are firm, they are positions
British inflation will hit just 0.5 percent in two years as the economy shrinks rapidly over 2009, new Bank of England forecasts showed on Wednesday, opening the way for further interest rate
