Cyprus inflation rises in June

Inflation in June 2010 recorded an increase of 1.9%, CyStat announced. According to the latest data released today, the Consumer Price Index for June increased by 0.22 units or 0.20% to 112.89

Cyprus sees increase in tourism revenue

Revenue from tourism recorded in May an increase of 4.2%, according to the Statistical Service. On the basis of the results of the Passenger Survey, revenue from tourism reached €164.8 mln in

Cyprus welcomes Gazprombank operations

The presence of Russian Gazprombank in Cyprus constitutes a milestone in the island's position as a regional and international financial centre, President Demetris Christofias said on Thursday evening. Addressing a charity event

Negative outlook for Dutch banking system

The outlook for the Dutch banking system remains negative, Moody's Investors Service said in its new outlook for the Netherlands, reflecting the many uncertainties and risks associated with the still ongoing radical