Cyprus - Page 2026

OPEC members might have ignored output limits in the past, but they mean business now after oil prices shed more than half their value in three months and financial turmoil has crushed

President of the Republic Demetris Christofias has said that the government, without ruling out any consequences due to the global financial crisis, is following a ''calculated financial and social policy'' and will

The leaders of the two communities in Cyprus, President of the Republic Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat, are meeting on Monday, in the UN protected area, in the

Bank of Cyprus announced the successfully completed acquisition of an 80% interest in Uniastrum Bank in Russia for a total consideration of US$576 mln (€447mln). The acquisition represents the largest investment into

President of the House of Representatives and President of the Democratic Party (DIKO) Marios Garoyian believes the Greek Cypriot side should move in a preemptive manner so that, in the event efforts

According to Eurostat, the Statistical Service of the European Communities, the unemployment rate in Cyprus in September (3.8%) recorded a slight increase in comparison to August (3.7%). Cyprus recorded the fourth best

The industrial output prices index for September 2008 reached 145.2 units (base 2000=100), recording an increase of 1.8% compared to August 2008. For the period January-September 2008, the index increased by 10.3%

Weak sterling took its toll on tourism revenues in Cyprus as revenue dropped by 5.9% compared with the same month of the previous year in September, reaching EUR 247.4 mln, compared with

South Korea pledged more cash on Monday to rev up its economy, and central banks in Europe and Australia looked set to cut rates again in a frantic battle to keep the

Peace talks on ethnically divided Cyprus are facing problems but differences can be bridged, President Demetris Christofias said, as a poll showed growing pessimism about a deal. Christofias, who leads the Greek