The industrial turnover index in October rose by 11.1% compared with October 2007 according to the latest figures from the Statistical Service. Industrial turnover comprises mining, quarrying, manufacturing, electricity, gas and water
Tourism arrivals in Cyprus fell by 2.2% over the year earlier in December, bringing the cumulative fall for the year to 0.5%. Tourism arrivals totalled 2,403,744 in 2008, of which 1,242,650, or
Pre-Christmas discounts and a cut in sales tax pushed British inflation down by its biggest margin in almost 17 years last month, but the fall was less dramatic than analysts had forecast,
Barack Obama takes over as U.S. president on Tuesday with hopes riding high he can conjure up a rescue that will jolt the world's biggest economy back to life and contain the
The European Commission has slashed the Cyprus growth target for 2009 sharply lower to 1.1%, far below the government’s recently adjusted target of 2.1%, after reducing its forecasts for eurozone growth. For
European Commission President Jose Manuel Barroso and Turkish Prime Minister Tayyip Erdogan said on Monday the EU and Turkey agreed on the need for the Nabucco pipeline that would bring gas to
Shares in Irish banks fell up to 60 percent on Monday following the decision last week to nationalise Anglo Irish Bank. Following is a timeline of key events in the Irish financial
Britain launched a second bank rescue plan on Monday and Royal Bank of Scotland recorded the biggest loss in UK corporate history, while a cut in Spain's credit rating caused fresh market
CNP Marfin Insurance Holdings Ltd, the newly formed company as a result of the long-term partnership agreement between France’s leading insurance company, CNP Assurances and Marfin Popular Bank of Cyprus aims to
Atlantic Insurance Company Public Ltd (ATL.CY) announced that all necessary approvals for the sale of 7,039,606 shares, or 18% of its capital that its major shareholders agreed to sell to Piraeus Bank
