According to CYSTAT data released on Friday, tourist revenues in July 2006 recorded an increase of 10.6% to £155 million against £140.1 million in the corresponding month of 2005. In January-July,...
In its latest report for Cyprus, the Economist Intelligence Unit (EIU) revised up its forecasts for growth in Cyprus in 2007. According to the report, the EIU expects a GDP growth of 3.8% in 2007...
In his statements to the Greek media, Chairman of Aspis Pronoia, Pavlos Psomiades, appeared fairly optimistic for the future of the public offer submitted by Aspis Pronoia for the acquisition of the...
The energy policy, the Euro-Mediterranean investments and the role of the banking system in Europe’s economic growth will be among the issues that will be discussed by the EU Finance Ministers at the...
In its latest report for Cyprus, international credit rating firm, Moody’s, described the prospects of the Cyprus economy as stable, emphasizing the robust GDP growth, the low inflation and...
According to the latest Central Bank Monetary Survey, the foreign deposits in banks stood at £7.11 billion, which is 41.5% of the total deposits that reached £17.16% billion (40.8%). Compared with...
The oil companies in Cyprus decided on Wednesday to cut oil prices, with EKO first announcing that oil prices will drop by 1.5 cents. Lefkaritis Group will also reduce prices to 60 cents (unleaded...
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...
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...