The construction sector looks set to remain in the doldrums for some time to come as the number of building permits authorised fell compared with the year earlier by 23.4% in May, to reach 740. The total value of these permits reached EUR 236.4 mln, a drop of 17.7% over the year earlier. The total
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Two conferences organised in China, aimed at promoting Cyprus as an attractive investment destination, were wrapped up on Monday. One of the conferences was organised by the Cyprus Investment Promotion Agency (CIPA) and sponsored by Marfin Laiki Bank, and the other was organised by the Cyprus Chamber of Commerce and Industry (CCCI). According to a
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Insolvencies in the British construction sector surged in the first quarter, rising for the first time in two years and raising fears that government cuts were hitting the sector harder than first feared. The number of businesses going bankrupt climbed 19 percent to 948 from 796 in the prior quarter as fiscal stimulus for infrastructure
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Teens who exercise and play team sports are less likely to be smokers or use marijuana and other drugs than their peers, but they do drink more alcohol, a study said. While the findings, published in "Addiction," don't prove cause and effect, they could have important implications for preventing drug and alcohol abuse in young
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The European Union is racing to draft a second bailout package for indebted Greece to release vital loans next month and avert the risk of the euro zone country defaulting. Germany, which along with some other countries had resisted extra funding, is considering concessions in efforts to support the country by dropping its push for
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Iran temporarily withdrew flyover rights for the plane carrying German Chancellor Angela Merkel to India on Tuesday, forcing it to circle over Turkey for two hours before the rights were restored and she could land in New Delhi. "An unusual start to the India trip," Merkel's spokesman Steffen Seibert wrote on his Twitter account. "Iran
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A non-European head of the International Monetary Fund could mean a tougher, more realistic action plan for the euro zone debt crisis, Mexican central bank chief Agustin Carstens said in newspaper interviews on Tuesday. Carstens is the only declared rival to French Finance Minister Christine Lagarde in her bid for candidacy to lead the global
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* Sponsors Coca-Cola and Adidas wary of game's tarnished image * Calls for reform heard worldwide * FIFA's Blatter defiant: "no crisis" in soccer Two heavyweight sponsors turned up the heat on FIFA over a deepening corruption scandal while the world soccer body's president, Sepp Blatter, refused to accept the game was in crisis.
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More than half of female retirees in Cyprus fell into the “at risk of poverty” category in 2009, according to figures just released by the Statistical Service. The rate for retired women was 50.5% in 2009, up from 50.3% in 2008 but down from a peak of 52.1% before the communist-led government of Akel took
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Italy's Prime Minister Silvio Berlusconi risks losing his northern power base of Milan to the left for the first time in two decades after local elections that have shown just how fragile his centre-right coalition is. Around 6 million Italians are eligible to vote in mayoral contests in 90 towns and six provinces on Monday,
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