Retail trade declined by a provisional 3.1% compared with the year earlier in May according to preliminary figures, having dropped by 6.5% in April. Compared with the previous month, retail trade in
The trade deficit shrank to EUR 2.1 bln in January-June 2012 from according to preliminary data, from EUR 2.5 bln in the same period of 2011. Imports/arrivals reached EUR 462.7 mln in
The Cyprus Popular Bank (Laiki), the island’s second biggest lender, has issued a profit warning saying that it expected to report reduced profits for the first half of the year. Laiki, effectively
The government is going ahead with a decision to import natural gas, as an interim solution, until it is able to extract its own gas from Block 12 in its exclusive economic
The annual memorial service at Grammatiko, near Athens, for the 121 people killed after a Helios Boeing 737 crashed, was held on Tuesday with relatives still questioning why seven years later, there
Germany's economy is likely to slow due to weak growth in its main export partners, but it will not deteriorate sharply, ZEW economist Christian Dick said on Tuesday, after a survey by
Romania pulled itself out of recession in 2012's second quarter but the Hungarian and Czech economies contracted further as their powerhouse industrial sectors fell victim to a euro zone crisis that has
Greece stepped up its T-bill issuance on Tuesday, raising 4.06 billion euros to cover a government bond redemption later this month and refinance a maturing three-month issue as it awaits a delayed
The absence of a government deal with the troika is leading to a growing liquidity crisis for one or more Cypriot banks, judging from the latest Central Bank data. “Other claims on
**Fourth straight q/q decline** As expected, the Cyprus economy fell deeper into recession in the second quarter, with real GDP declining on a seasonally adjusted basis by 2.4% compared with the same
