According to the latest Central Bank Monetary Survey released recently, the total loans granted by the commercial banks and the Cooperatives in July 2006 recorded an increase of 13.2% to £10.79...
The Cyprus Tourism Organization expressed its concerns for the latest developments in the tourist and hotel sector and appealed to all parties to call off the strikes until a compromising solution is...
17/08/2006
In its latest report for Cyprus, the Economist Intelligence Unit lowered the GDP growth for Cyprus in 2006. Specifically, the EIU expects that the GDP growth will drop to 3.2% from 3.4%, a...
19/07/2006
The Preliminary Budget, which has been approved by the ECOFIN on July 14, 2006, provides for credits of €125.7 billion (1.07% of the EU25 GNP), which are 3.7% higher than the budget 2006. Cyprus was...
19/07/2006
Despite the fact that the Parliament approved the bill on the systematic absorbance of part of EAC and CYTA surpluses recently, the state always absorbed cash from the two semi-governmental...
17/07/2006
The bills for CYTA and EAC on the payment of part of their surpluses to the state have aroused strong feelings to SEK and PEO. In a letter sent to the House Finance Committee on Wednesday, OHO-SEK...
13/07/2006
According to CYSTAT data released on Thursday, the industrial production in April 2006 recorded a drop of 6.6% to 102.8 points against 110.1 points in the corresponding month of 2005. The sectors...
29/06/2006
Despite the marginal drop of 0.2% in tourist arrivals in May, the tourist revenues recorded a sharp increase of 6.1%, boosting the expectations of the Cyprus Tourism Organization for the attraction...
29/06/2006
The borrowers’ turn to foreign currencies has brought noticeable changes in the Cyprus’ credit sector, with the Cooperatives losing ground against the commercial banks. Turning to account the...
23/06/2006
Finance Minister, Michalis Sarris and the Serbian Minister of International Economic Relations, Milas Rarivodic signed on Friday a Memorandum of Co-Understanding for the development of the bilateral...
16/06/2006