We asked Dr. Moleskis to explain why Cyprus is providing EUR 2 mln aid to Yemen over the next four years, EUR 400,000 to Mali and EUR 540,000 to Lesotho? Dr. Moleskis took no offence and said there is a very common misconception in society about development cooperation. "In fact, when we reply to the
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Psatharis auction raises €165,000 Psatharis Auction House held its fifth auction at the Hilton Hotel in Nicosia last week where 50 of the 88 works on offer were sold with a sale total of EUR 165,480. This compared to a similar sale rate at the previous auction held in October that raised 278,761 euros, primarily
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Cypriot businesses are facing the world economic crisis with reserved optimism, confidence and realism, according to a Cyprus-wide survey commissioned by PricewaterhouseCoopers. The survey took place in February and March and asked the opinions of 49 larger Cypriot businesses and 220 small to medium-sized enterprises. PwC collaborated with communication experts J. Loulis and J. Demakis,
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U.S. employers cut 539,000 jobs in April, the fewest since October, according to government data on Friday that signaled the economy's steep decline may be easing. However, the Labor Department said the unemployment rate soared to 8.9 percent, the highest since September 1983, from 8.5 percent in March. Payrolls figures for March and February were
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Oil stood at just below $58 a barrel on Friday, off session highs, lifted partly by more positive data on the health of some major economies that could ultimately translate into increased demand for oil. U.S. crude rose $1.14 to $57.85 a barrel by 1242 GMT. It touched a six-month high of $58.57 on Thursday.
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Spreads on covered bonds from Spain and Ireland have tightened, pulling government bond spreads with them, after the European Central Bank said it would buy around 60 billion euros ($80 billion) of covered bonds. The ECB announced the move on Thursday among a series of measures to help support bank lending and the economy. Countries
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World stocks held gains on Friday near this week's 2009 high and the euro hit a one-month high against the dollar while U.S. Treasuries edged up after a mixed U.S. employment report. The U.S. economy lost 539,000 non-farm jobs last month, which was less than expected, while the unemployment rate soared in line with expectations
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U.S. employers cut a smaller-than-expected 539,000 jobs in April, the smallest amount since October, according to government data on Friday that hinted at some improvement in the labor market and the recession-hit economy. However, the Labor Department said the unemployment rate soared to 8.9 percent, the highest since September 1983. March's payrolls figure was revised
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By Andrew Hay Spanish Prime Minister Jose Luis Rodriguez Zapatero could be fighting to keep his job this year as unemployment nears Depression levels and businesses demand labour reforms which unions warn would trigger a general strike. If joblessness soars towards the 20-percent-plus levels forecast by the European Commission for next year, analysts think the
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Laser Investment Group Plc (LAS) announced the signing of the agreement between its subsidiary Coffee Beanery Europe Ltd and the Dutch company Global Market Consultants N.V, which concerns the sale of franchise rights for the Czech Republic and Slovakia against EUR800,000. The agreement was signed on May 5, 2009. Global Market Consultants N.V must undertake
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