With the financial markets in continuing crisis, one concern has been the capital strength of insurers. Unfounded rumours have suggested that some insurers are either seeking new capital, or some leniency from
Permanent Secretary of the Ministry of Agriculture, Natural Resources and Environment Panicos Pouros has pointed out the need to increase EU funds towards Cyprus in the sector of agricultural development. Pouros was
A vice-president of Russian private oil major LUKOIL said on Wednesday that Russia could join OPEC and that it could take part in production cuts to help prop up global prices. The
Britain will announce plans to boost bank lending to small businesses on Thursday that could include the European Investment Bank shouldering more risk. "Having recapitalised the banks, we want to ensure that
About a hundred Greek flights will be grounded on Thursday due to a 24-hour strike by Olympic Airlines unions opposing the government's plan to privatise the ailing flag carrier, the company said
The United States is expected to cut interest rates on Wednesday, a measure Japan, the European Central Bank and Britain are forecast to follow by the end of next week to bolster
British mortgage approvals rose last month for the first time in over a year, data showed on Wednesday, although the slight pick up from August's record low does little to suggest the
Ocean Tankers Holdings Plc (OCT.CY) management announced that its net profit for 2008 would reach USD 20 mln (with parity EUR:USD at 1.27) compared to 1.47 mln in 2007. During the first
The Gross Domestic Product (GDP) of Cyprus during 2007 reached EUR 15.59 bln based on current prices compared to EUR 14.43 bln in 2006 according to revised estimates by the Statistical Service
The International Monetary Fund, the European Union and World Bank on Tuesday agreed to a $25.1 billion economic rescue package for Hungary to bolster confidence in its economy hit by the global
