The European Court of Human Rights (ECHR) has dismissed a demand on behalf of Turkey to reexamine its decision in the case of Demades v. Turkey, issued in April 2008, and has
The European Central Bank cut interest rates by 75 basis points on Thursday, its biggest ever move as inflation plummets and the euro zone economy sinks deeper into recession. The move takes
Falling investment and a weaker trade performance made the euro zone economy contract in the third quarter, data showed, confirming the bloc's first recession as the European Central Bank meets to discuss
President Nicolas Sarkozy unveiled a 26 billion euro ($32.9 billion) stimulus plan for the faltering French economy on Thursday, targeting investment projects rather than directly aiding consumers. France is the latest European
The Bank of England slashed interest rates by a full percentage point on Thursday to shore up Britain's crumbling economy and head off the threat of deflation. The cut took rates to
Supermarkets have seen the highest turnover this year in terms of payments by credit or debit cards, according to data from JCC, the plastic card joint venture run by the commercial banks.
Inflation in Cyprus fell rapidly in November mainly as a result of falling international oil and food prices. The consumer price index in November 2008 decreased by 1.0% compared with the previous
Central banks in Europe were poised to cut interest rates on Thursday to try to contain a global economic slump that appears to be spreading faster than policymakers had anticipated. Asia-Pacific nations
Cyprus attracted 1,.6 bln euros in direct foreign investment in 2007, compared to 1,46 bln in 2006 and 940 mln the year before that. Direct investments from EU member states reached 969.4
European Union regulators have banned imports of Chinese soy-based food products for infants and young children after an industrial chemical was found in Chinese soybean meal, the EU executive said on Wednesday.
