Finance leaders from the International Monetary Fund's 185 member countries on Saturday endorsed a plan by major economies to chart a course out of the credit crisis, hoping the broader support will
The EU-harmonised inflation rate in Cyprus rose by 5.0% in September, slightly down from the 5.1% recorded in August and the peak of 5.3% in July. A decrease compared with the previous
Building permits fell for the tenth straight month in Cyprus in July, as developers anticipated weaker demand. The number of building permits authorised by the municipal authorities and the district administration offices
Economist Intelligence Unit comments on concerted action by policymakers to restore confidence in the financial system. OVERVIEW The size and comprehensive nature of the UK government's rescue package for banks reflects a
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
