The European Commission has approved under EC Treaty state aid rules a Cypriot scheme using special government bonds to reinforce stability in financial markets and mitigate the effects of the crisis...
The negative performance of the tourist industry in Cyprus pushed the domestic beer and refreshment sales sharply down in the first nine months of the year. The lower tourist arrivals by 200...
14/10/2009
The crisis in the car market becomes deeper and deeper since the importers’ offers do not seem enough to reverse the negative performance of the sector. The figures of OEB and the Road Transport...
12/10/2009
According to latest European Central Bank data, the lending terms by the commercial banks to the households become more and more favourable. The loans for housing and consumer purposes continued...
02/10/2009
The use of credit cards by Cypriots in the domestic market fell in August, boosting estimates that private consumption is still in downturn. According to JCC data released on Thursday, the...
03/09/2009
EAC’s generator station at Vassiliko is expected to host a movable desalination unit at first stage and a permanent one later, as soon as the Tenders’ Revisionary Authority issues its final decision...
18/08/2009
The value of imports in Cyprus in May 2009 recorded the biggest drop in the past few years, reflecting the sharp decline in private consumption and the lower cost of fuel import. The value of...
10/07/2009
Consumption remained stiff in June with the Cypriots spending less via credit cards in Cyprus but more overseas. According to latest JCC Payments data, the value of credit card transactions by...
07/07/2009
The Ecologists requested on Thursday the expansion of the price observatory to the hotel industry too. “The handling of the economic crisis by the public coordinator of the economic activity in...
02/07/2009
According to an announcement released by the Ministry of Commerce Industry and Tourism, the summer sales in 2009 will start on July 3 and will end on August 22. Pursuant to the provisions of the...
01/07/2009