The EU needs stronger European financial supervision and greater consistency in national deposit guarantee schemes to stabilise the financial system, European Commission President Jose Manuel Barroso said. Barroso said the existing system
Cypriot President Demetris Christofias, who leads the Greek Cypriot community, appealed on Tuesday for reconciliation with the Turkish Cypriots, saying permanent partition would be disastrous for the island. Christofias started reunification talks
Cypriot President Demetris Christofias said he was prepared to open ports and airports to commercial activities run by Turkish Cypriots from the northern half of the divided island. "The Republic of Cyprus
The index of industrial production for July 2008 reached 140.1 (base 2000=100), according to the Statistical Service. For July 2008, the index recorded an increase of 5.8% compared with July 2007. For
According to the preliminary estimations of the Statistical Service, the average monthly earnings of employees during the second quarter of 2008 reached EUR 1,697 (CYP 993), which is 5.4% higher than in
Oil steadied near $96 a barrel on Tuesday after a near 10 percent drop in the previous session in the wake of the shock rejection by U.S. lawmakers of a $700-billion financial
The number of unemployed fell in the second quarter of 2008 compared with the same period of 2007 despite an increase in the labour force. According to the results of the quarterly
Britain's current account deficit widened to its largest in nearly a year in the second quarter of 2008 and official statisticians said they had been underestimating the size of the economy. The
Greece's ruling conservatives expelled a dissident party member on Tuesday, reducing its ranks to 151 seats in the 300-member house, a senior parliamentary source said. The move comes days after Prime Minister
The Cyprus tourism sector saw a 3.7% drop in arrivals in the peak seasonal month of August, as high airport charges, high oil prices and, for the British market, a weak sterling
