Britain's economy will suffer its worst downturn in decades this year and policymakers around the world will have to consider further monetary and fiscal action, Bank of England Deputy Governor John Gieve
Ireland defended its dramatic move to nationalise Anglo Irish Bank, as fears over its impact on an already wounded economy hiked the cost of protecting against a sovereign default to record highs.
The UN Secretary General's Special Adviser on Cyprus Alexander Downer has said that the leaders of the two communities discussed deadlock resolving mechanisms, among other issues, during their meeting on Friday in
President of the Republic Demetris Christofias said Friday's meeting with Turkish Cypriot leader Mehmet Ali Talat, in the context of direct talks to solve the Cyprus problem, brought them much closer to
An oversupply in the market has caused the recent slump in prices for milk and dairy products, and Agriculture Commissioner Mariann Fischer Boel has pledged to introduce new measures to support the
The Cyprus government has covered 20% of its total 2009 financing needs during the first 15 days of the year after it raised a total of EUR 315 mln through two bond
Cyprus annual inflation was 1.8% in December 2008 , down from 3.1 in November 2008. According to a Eurostat news release issued here Thursday, said that Euro area annual inflation was 1.6%
French President Nicolas Sarkozy put more pressure on the country's banks on Thursday, demanding that the least top bankers could do was temporarily cancel their bonuses. The French government has unrelentingly demanded
The European Central Bank cut its benchmark interest rate by 50 basis points on Thursday, its fourth successive reduction, but indicated it would pause for breath in February. The central bank cut
The Board of Directors of Bank of Cyprus Public Company Ltd will convene on Monday 2 February 2009 to examine the Bank of Cyprus Group preliminary financial results for the year ended
