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...
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...
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...
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...
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...