CYPRUS: Wage indexation pushes earnings up 2.1%

Wage indexation (COLA) pushed up earnings in the second quarter despite soaring unemployment and contracting demand. According to the preliminary estimates of the Statistical Service, the average monthly earnings of employees during

CYPRUS: Retail decline deepens in July

After a little improvement in June, the decline in retail sales accelerated in July, falling over the year earlier by 5.6% according to provisional figures, from a fall of 2.2% in June.