In 2009 public deficit in Cyprus reached 6% of GDP, while public debt was recorded at 58% of GDP. A Eurostat press release published Friday refers to the second notification of government deficit and debt figures for 2009 for 26 EU member states. The first notification was published in April. In 2008, Cyprus had recorded
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WASHINGTON (Reuters) – President Barack Obama met on Thursday afternoon in San Francisco with Apple Inc Chief Executive Steve Jobs, White House spokesman Robert Gibbs said. "They discussed American competitiveness and education, especially reforms such as the President's Race to the Top initiative," Gibbs said in a statement. Obama and Jobs also talked about energy
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The dollar fell on Friday on speculation a U.S. plan that included letting undervalued currencies strengthen would gain support at a contentious weekend Group of 20 meeting, lifting gold and oil prices. Major European stocks opened lower, with Britain's FTSE 100 down 0.1 percent, France's CAC 40 down 0.5 percent and Germany's DAX off 0.3
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The steep decline in motor vehicle registrations that has taken place over the past two years appeared to moderate in September, as the number of motor vehicles registered fell by 8.6% compared with the same period of the previous year, to reach 3,749. This was a much milder fall than August, when a drop of
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President Demetris Christofias sent on Wednesday a letter to the President of the European Commission Jose Manuel Barroso, calling on the Commission to change its position and withdraw a regulation on direct trade between the EU and Cyprus' northern Turkish occupied areas, Government Spokesman Stephanos Stephanou has announced. In statements to the press here Thursday,
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Turkey said on Thursday it will begin exploring for oil off the north of the ethnically-divided island of Cyprus, a move which could strain already slow-moving peace talks between the Greek and Turkish Cypriot communities. "We will begin work on oil exploration around Cyprus and in our exclusive territory," Energy Minister Taner Yildiz told a
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Problems emanating from restrictions Turkey imposes on Cypriot flagged ships are one reason that calls for a political settlement in Cyprus, the German Ambassador Gottfried Zeitz stated here today. The issue was discussed at a breakfast organized by the Cyprus Investment Promotion Agency (CIPA) and the Cypriot – German Business Association in the presence of
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Cyprus and Kuwait reviewed their bilateral trade relations at a meeting on Thursday between Cypriot Minister of Commerce, Industry and Tourism Antonis Paschalides and the new Ambassador of Kuwait, based in Athens, Raed Abdulla Al-Rifai. During the discussion, the Cypriot Minister and the Ambassador of Kuwait examined ways to further enhance cooperation in trade, tourism,
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Lebanese Prime Minister Saad said on Thursday his country would soon define its offshore boundaries with Cyprus and Syria and would move ahead with licensing exploration for oil and gas. The Prime Minister, who paid a one-day official visit to Cyprus, was speaking after talks with President of the Republic of Cyprus Demetris Christofias at
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Bank of England monetary policy can help to shore up the economy while Britain is cutting public spending to rein in its budget deficit, finance minister George Osborne said on Thursday. Defending an unprecedented set of cuts worth 80 billion pounds ($126.3 billion) over four years, Osborne said he had to take action to tackle
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