Cyprus GDP deficit at 1.8%

The Ministry of Finance forecasts that the fiscal deficit for the first five months of the year was 1.8% of GDP compared to a surplus of 0.3% of GDP in the corresponding

Costas Michaelides delisted from CSE

The CSE Council in agreement with the CySEC decided to delist the securities of Costas Michaelides Constructions Ltd (KMC) effective July 10, 2009 since the company does not meet the main listing

Cyprus Card spending contracts by 2%

Spending through credit cards by residents of Cyprus fell 2% year-on-year to EUR 150 mln in Jubne 2009 according to figures released by JCC Payments in another sign of weak consumer spending.