The legal obligation for maintaining dual pricing in euro and Cyprus pounds was terminated on January 1st, 2009, one year after the accession of Cyprus to the euro-zone. The coordinator of the
The credit squeeze for British families and businesses looks set to intensify into 2009 despite unprecedented measures to recapitalise the banking system and get lending flowing again, a survey showed on Friday.
British house prices fell by a record 16.2 percent year-on-year in December, taking them to their lowest level since August 2004, data from the country's biggest mortgage lender, Halifax, showed on Friday.
The Czech Republic took over yesterday, for the first time since it joined the EU in 2004, the European Union six-month rotating presidency from France. In an interview with CNA, the Ambassador
Cyprus’ accession to the euro-area acts as a protection shield against the fallout of the current international financial crisis, the Governor of the Central Bank Athanasios Orphanides believes. In a message, to
President-elect Barack Obama plans to meet on Monday with Democratic and Republican congressional leaders to discuss their legislative agendas, including how to jump-start the struggling U.S. economy, a Democratic congressional aide said
Investors said good riddance on Wednesday to one of the worst years on record and prayed that massive government rescue plans will pull the global economy out of its fierce tailspin later
Industrial output in Cyprus inched up according to the Index of Industrial Production. The index reached 126.5 (base 2000=100), recording an increase of 0.3% compared to October 2007. For the period January
The total sales of petroleum products in November 2008 recorded a decrease of 11.1% compared to the previous month. A significant rise was recorded in the sales of Gasoil. A decrease was
Employment rose and unemployment fell in the third quarter according to the results of the EU-compatible Labour Force Survey. The number of employed persons amounted to 381,903 (males 212,800 and females 169,100),
