166 jobs to go at British bases in Cyprus

The British bases in Cyprus are to reduce their military and civilian personnel as part of the Ministry of Defence efforts to keep support services in-house and not contract them out to the three bidd...

GDP growth in 2009 - analysis

The Cyprus economy shrank by 1.7% in 2009, according to the latest full figures on the national accounts, despite government efforts to prop up the economy. The main reason for the fall was househol...

Cyprus trade deficit shrinks in Jan 2010

On the basis of preliminary estimates for foreign trade in January 2010 total imports/ arrivals reached EUR 441.6 mln, of which EUR 275.2 mln were arrivals from other member states of the EU and EUR 1...

Cyprus tourism revenue down 6.4% in February

On the basis of the results of the Passenger Survey, revenue from tourism reached EUR 33.9 mln in February 2010 compared to EUR 36.3 mln in the corresponding month of the previous year, recording a de...

Cyprus real GDP down 1.7% in 2009

The Cyprus economy shrank by 1.7% in 2009, according to the latest full figures on the national accounts. In the fourth quarter real GDP rell by 3.0% over the corresponding quarter of 2008. Based on...