In its annual report on Poland, Moody’s Investors Service says its A2 government bond ratings and stable outlook reflect the country’s advanced economic and financial integration with the European Union, vibrant economic performance and proactive debt management policies. “Poland has enjoyed several years of strong growth thanks to sound monetary policy management, low inflation, and
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Moody’s Investors Service has affirmed Lebanon‘s sovereign ratings, adding that a downgrade is not imminent despite the ongoing political turmoil and poor economic performance. Lebanon‘s low B3 government bond ratings have been on negative outlook since November 2006. This reflects the daunting political and economic challenges facing the country and the very weak credit standing
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Demetris Christofias, President of the Cyprus House of Representatives and presidential hopeful, will, if elected, undertake initiatives to press with the need for a political settlement that would reunite the country, divided since the 1974 Turkish invasion. The leader of the leftwing AKEL party said he will take his international campaign to the UN Secretary-General,
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The Press and Information Office (PIO) of the Republic of Cyprus had issued two new publications in English. The first publication, with the title ”The Republic of Cyprus: An Overview”, which was issued in late 2007, represents the latest updated version of this annual publication, which offers a brief overview of the Republic of Cyprus,
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Facebook.com has introduced a version of the site for Spanish-language speakers, the first of several languages beyond English the social network site plans to offer, the company said. Facebook, the online social network phenomenon that has enjoyed explosive international growth over the past nine months despite remaining an English-only site, said it will introduce German-
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The Special Representative of the UN Secretary-General and UNFICYP Chief of Mission, Michael Moller, said here today that it has been clear for some time now, that rather than launching a new initiative for Cyprus, the UN will support good faith efforts on the part of both sides to restart talks and work for a
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Chancellor Alistair Darling said that some countries were worried about the effects of the falling dollar but that policymakers in Tokyo this weekend should focus on matters they can influence directly. Asked about possible calls to stem the dollar’s weakness at Saturday’s meeting of Group of Seven finance ministers and central bank governors, Darling told
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World stocks edged away from this week’s two-week lows on Friday as a recent sell-off attracted investors looking for bargains, while major currencies held steady ahead of a meeting of Group of Seven finance chiefs. Higher crude oil prices on the back of expectations that cold U.S. weather would boost fuel demand supported energy stocks,
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Russian oil major LUKOIL (LKOH.MM) said on Friday it will acquire control of 8 gas fields in Uzbekistan with reserves of 100 billion cubic meters from another firm, SoyuzNefteGaz. “The planned production is about 3 billion cubic meters of gas per annum. This level is expected to be attained in 4 years. Gas is to
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The Council of Ministers has given its approval to a Memorandum of Understanding (MOU) between the Ministry of Foreign Affairs and the General Secretariat of the Arab League, which was signed in November last year. The MOU aims at the development of a political dialogue and cooperation in various fields. An official press release, issued
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