The companies decided to cut their advertising budgets in 2009 as a result of the anticipated recession. The advertising circles support that the turnover will shrink significantly this year,...
According to Eurostat data released today, industrial producer prices in Cyprus exceeded the EU average, surging 9.6% in November. The EU average stood at 4.1%. In November 2008 compared with...
07/01/2009
DISY Vice President, Averof Neophytou stated on Wednesday that the government is responsible for its inability to deal with the impacts from the global crisis. According to CNA, invited to comment...
07/01/2009
According to Eurostat data released recently, the private sector in Cyprus contributes significantly in education, almost double than that in Europe. Specifically, expenditure for private...
07/01/2009
The domestic banking system is suffering significant outflow of foreign deposits in the past few months, boosting pressures on the banks’ liquidity and profitability. According to latest data, the...
07/01/2009
According to Eurostat preliminary data, euro area annual inflation is expected to be 1.6% in December 2008 from 2.1% in November. This drop might lead the ECB to proceed with a fresh rate cut on...
07/01/2009
There will be no change in the license system at the current stage, despite the Transport Minister’s statements for a drop in road taxes from the new tax year. Therefore, all interested parties are...
07/01/2009
The major issues in today’s financial press are the memo prepared by the Human Resource Development Authority in the light of the repercussions of the global crisis on the employment market and OEB’s...
07/01/2009
According to CYSTAT data released on Monday, the HICP during December 2008 fell to 1,8% compared to 3,7% in December 2007 and 3,1% in November 2008. The sector of food and non-alcoholic drinks...
05/01/2009
The market shares of the brokerages in 2008, a year of low turnovers, were subject to several reclassifications. According to latest data released today, Mega Equity ranks first, pushing its share...
05/01/2009