Unemployment rose in Cyprus for the fist time in 17 months in September, according to our analysis of the registered unemployment figures released this week. Moreover, it was the fastest pace of
The trade imbalance continues to increase in Cyprus as import growth outstrips export growth. In August the trade deficit widened to EUR 481.4 mln in August 2008 from 459.5 mln in August
The Ministry of Finance is bracing for a deterioration in its initial estimates for economic growth in the light of the global credit crunch with a good possibility that the GDP growth
At the invitation of Ivan Iskrov, Governor of the Bulgarian National Bank, the Governors or the representatives of the Bank of Albania, the Bulgarian National Bank, the Central Bank of Bosnia and
The London Interbank Offered Rate or Libor for borrowing between banks was fixed on Friday at 4.81875% for 3 months deals, but the euro borrowing rate for 3 months hit a fresh
Russia's Rosevrobank, a mid-sized lender, has asked clients to pay back their mortgages right away rather than risk the prospect of real estate prices falling 30 percent, the bank said. "We are
The third meeting in the context of the UN-led negotiations between President of the Republic Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat, to reach a comprehensive mutually acceptable settlement to
The European Commission has agreed to send Commission experts to Cyprus to help local authorities achieve the community goal to halve traffic accidents in Europe by 2010. The request was submitted by
Oil fell more than $4 a barrel to a one-year low on Friday, depressed by expectations global demand growth will shrink if the credit crisis pushes the world economy into recession. Economic
The world's economic powers came under pressure to act boldly to halt financial distress as panic selling clenched Asian markets on Friday and anxiety spread over an expected global economic recession. With
