. Eight months have passed from the day the present administration took over, with many events marking 2008 as a crucial year for Cyprus politics and the economy. The government has been faced with such challenges as rising fuel costs and falling tourism arrivals (and revenue), a slow start to the political talks between the
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. MARINOS G. GIALELI The management committees of the Provident and Pension Funds should have as their main concern to draw up and implement an investment strategy with specific targets which will yield the desirable results on a long term basis. This investment strategy should rise from the fundamental personal information of the members of
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. In the past two or three years, several managements here in Cyprus have had to re-consider their approach to “Fine Dining”. Diners decided that the food and wine were either too expensive, or not to their taste, or both. This happens in other countries, too, where chefs have become “Stars” – Kings or Queens
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To judge by appearances, the Interior Minister Neoclis Silikiotis enjoys village life. A few weeks back he had a great time as the guest of honour at the Pasteli Festival in Anogyra, where he joined more than 1400 other people at a joyful traditional village occasion. Last Sunday he came to my home village of
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European shares climbed on Friday and Wall Street looked set for a positive start as investors sought to balance a new era of lower interest rates with signs of a deteriorating world economy. The latest U.S. non-farm payrolls report was worse than expected, coming in with losses of 240,000 jobs versus a median forecast of
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European leaders will propose new rules for global finance on Friday to help counter an economic slump underscored by fresh figures showing U.S. unemployment at a 14-year high. The U.S. Labor Department said the national unemployment rate shot up to 6.5 percent in October from 6.1 percent in September, its highest level since March 1994.
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European shares pared gains on Friday after data showed the U.S. economy lost more jobs than expected in October in the tenth consecutive month of declines, which exacerbated concern over the severity of any recession. The U.S. government said 240,000 workers were lost from non-farm payrolls in October, compared with forecasts for a drop of
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US employers cut payrolls by 240,000 in October, much more severely than expected, while the US unemployment rate shot up to 6.5 percent from 6.1 percent in September, the highest since March 1994. October's job cuts were much worse than anticipated by Wall Street economists who had forecast 200,000 would be lost. Even more strikingly,
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European shares rose by midday Friday, on course for their first daily gain in three sessions as energy and mining stocks gained and fuelled a modest bounce after Thursday's near 6 percent drop. Caution ahead of an expected drop in U.S. employment figures for October supported perceived defensive safe-havens such as pharmaceuticals and food producers,
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President of the Republic of Cyprus Demetris Christofias has said here Friday that regulatory authorities are needed to supervise the financial system, in the face of global financial crisis. Christofias was speaking at Larnaca International Airport prior to his departure for Brussels to attend an extraordinary EU Summit, called by EU term President Nicolas Sarkozy
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