The practice of indexing public- and unionised wages to inflaiton meant that earnings rose by 2.6% over the year earlier in the third quarter even while unemployment soared. In the third quarter
Three new airline incentive schemes, designed to stimulate the growth of tourism to Cyprus, have been announced by the Cypriot Ministry of Communications and Works government and Hermes Airports. Speaking in a
People who eat lots of red meat may have a higher risk of some types of kidney cancer, according to a U.S. study of thousands of adults. Researchers writing in the American
Minister of Finance Kikis Kazamias revealed on Wednesday that a foreign investor is seriously interested in investing in a large project that would boost both the flagging construction industry and Cyprus' tourism
By George Mavreas and George Mouskides In a few days we bid farewell to 2011 and say hello to 2012. There are many who wonder: how will the new year evolve in
Foreign investors are living up to do business in Cyprus Signing the loan agreement with Russia that will provide Cyprus with much-needed cash only goes as far as solving part of the
ECB said 523 banks had taken advantage of the scheme By Shavasb Bohdjalian Market participants were not impressed with the latest funding support provided by the European Central Bank (ECB) through 3-year
The price index of construction materials reached 126.36 in November 2011 (base year 2005=100.00), recording a marginal decrease of 0.05% over the previous month. For the period January – November 2011, the
Sales of petroleum products rose by 1.4% compared with the corresponding period of the previous year in January – November 2011, according to the Statistical Service. Compared with the previous month, total
Noble Energy, Inc. (NYSE: NBL) announced Wednesday a “significant” natural gas discovery of about 7 trillion cubic feet at the Block 12 prospect, offshore Cyprus. The Cyprus A-1 well, nearly 100 nautical
