The Central Bank of Cyprus announced on Friday that the legal obligation of banks and cooperative credit institutions to exchange for euro, free of charge, Cyprus pound banknotes worth up to £1.000...
According to CYSTAT data released on Thursday, tourist revenues in April 2008 dropped 12.8% to €107.8 million against €123.7 million in the corresponding month of 2007. Tourist arrivals for the same...
05/06/2008
Seasonally adjusted GDP rose by 2.5% in the EU27 in the first quarter of 2008, despite the US crisis. According to Eurostat data released on Tuesday, compared with the first quarter of 2007,...
03/06/2008
According to Eurostat data released on Monday, food prices in April recorded among the lowest increases in the EU. Food prices grew by 5.8% in Cyprus against 7.1% in the EU and 6.2% in the euro area...
02/06/2008
Loan growth in the domestic market accelerated in April, driven by the loans to non financial organizations and the housing loans. According to Central Bank data released on Friday, loan growth in...
30/05/2008
The GDP growth of the island’s economy has slowed down in the first quarter of 2008, pressured by the sector of constructions and the property management. According to CYSTAT preliminary figures,...
15/05/2008
DISY Deputy President, Lefteris Christoforou criticized strongly the former and the current government for the lack of energy policy, after the fresh price hikes on fuel. “It’s been quite some...
14/05/2008
Labour Ministry’s analogist, Costas Stavrakis recommended stricter criteria on the payment of benefits for the viability of the Social Securities Fund. In the actuarial study for 2006, he proposed a...
13/05/2008
Within the framework of the efforts to attract foreign funds and big investors in Cyprus, Finance Minister, Charilaos Stavrakis announced on Friday that he will introduce an advisory committee, which...
09/05/2008
According to Eueostat data released on Thursday, social protection expenditure in Cyprus in 2000 – 2005 recorded an average annual increase of 6.1%. The EU27 average stood at 2.1%. The highest...
08/05/2008