Cyprus Minister of Commerce, Industry and Tourism Antonis Paschalides, the Cyprus Tourism Organisation, the Cyprus Hoteliers Association and other tourist organisations believe that the impact on the tourist industry from the world
By Patrick Lannin and David Mardiste (Reuters) Latvia's rescue of its second-largest bank shows global turmoil has finally hit the Baltic region, but the pain is just beginning for the three former
By Caren Bohan (Reuters) President-elect Barack Obama is steering clear of this weekend's emergency global financial summit in Washington, a decision that gives him distance from his unpopular predecessor's policies and avoids
The Bank of England is likely to signal on Wednesday that Britain's economy has entered such a painful recession that there is a greater danger of too little inflation than too much.
Marfin Popular Bank announced that it is delaying the planned increase in its Base rate until end of December 2008. Furthermore, the bank announced that effective November 12, 2008, it will reduce
The annual consumer price inflation rate in Cyprus fell for the third consecutive month in October, as the price of petroleum products continued to fall. The consumer price inflation rate reached 5.24%
The Statistical Service reports that on the basis of the results of the Passengers Survey, 110,199 residents of Cyprus returned from a trip abroad in September 2008 compared to 105,173 in the
Registrations of motor vehicles increased by 3.8% over the same month of the previous year in October, to 5,546, compared with 5,344 in October 2007. Registrations have been somewhat erratic this year,
The nominally communist government that was elected at the end of February 2008 held in the third quarter to the budget surplus accumulated by the previous administration. On the basis of the
Unemployment rose again in Cyprus in October, having risen for the first time in 17 months in September. The number of unemployed people registered at the District Labour Offices on the last
