Cyprus inflation eases in June

Consumer prices rose by 1.9% in June compared with the same month of 2006, down from 2.2% in May. The consumer price index decreased by 0.22 or 0.21% over the previous month

Outlook on Russian Bank IBSP to positive

Standard & Poor’s Ratings Services said that it revised its outlook on Russia-based International Bank of Saint-Petersburg (IBSP) to positive from stable. At the same time, the ‘CCC+/C’ long- and short-term counterparty

Bank strike to proceed

The militant bank employees union ETYK has decided to ignore calls for restraint and is pressing ahead with a damaging strike action today from 12.30 noon until 2.30pm at all banks in

Euro area expansion stays robust

The euro area started 2007 on a healthy footing, finds the Quarterly Report on the Euro Area published today. Economic growth in the first quarter reached 3% in annualised terms spurred by

Glasgow-phobia delays nine Cyprus Airways flights

Nine Cyprus Airways (CAIR) flights to and from London were delayed since Sunday because of passenger fears that some other passengers could be terrorists linked to Saturday’s attempted bombing of Glasgow airport.

Kleanthis Savva opens Norway office

Kleanthis Savva Developers has expanded into Norway, opening an office in Lillehammer, the town famous for hosting the Winter Olympics. This will allow the company to take advantage of this growing market

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