Limassol Marina, when completed, will enhance tourism in Cyprus, Minister of Commerce, Industry and Tourism Neoclis Sylikiotis stated today, after visiting the site. The Minister was briefed on the course of construction
Tourism revenue in April declined more quickly than arrivals according to the results of the Passenger Survey. Revenue reached just EUR 114.6 mln in April, marking a 16.1% drop on the EUR
Registered unemployment in Cyprus climbed in May by 31.1% reaching 34,162 at the end of the month, compared with 26,050 in May 2011. Since the beginning of 2008 registered unemployment in Cyprus
Inflation in Cyprus decelerated to 2.9% in May 2012, compared with 3.1% in April 2012 and 3.9% in May 2011, figures released today by Cyprus Statistical Service show. The Consumer Price Index
The Cypriot economy will likely contract by 1.1% this year, the central bank said on Thursday as it sharply cut an earlier estimates of zero growth. Greece's sovereign debt writedown and its
The spokesman for Greece's far-right party Golden Dawn threw a glass of water at a female leftist politician and slapped another one in the face on live television on Thursday, causing a
When he took a job as the manager of one of Greece's biggest resorts overlooking a sandy beach near Ancient Olympia, the cradle of the Olympic Games, Michalis Minadakis thought he had
Greece's tourism revenues may plunge up to 15 percent this year, an industry official said, as holidaymakers spooked by concerns the country may leave the euro zone switch to other destinations. Accounting
Unemployment in Cyprus has hit new record high according to figures released Wednesday by the official Statistical Service. The number of unemployed people reached 36,313 at the end of May, in comparison
Cyprus has not submitted any application for European financial assistance, a European Commission spokesman has said, adding that the Commission will not speculate on how close or how far a country may
