Cyprus inflation at 2.1% lower than eurozone

EU-harmonised consumer price inflation in Cyprus in September 2005 recorded an increase of 2.1% compared to the corresponding index of September 2004, while a year earlier in September 2004, the annual rate

Exports soar in August

Total exports of goods soared in August, rising by 45.0% compared with August 2004, to CYP 51.7 mln, according to preliminary estimates. This brought the total rise in exports of goods in

Unions set to reject CAIR rescue plan

The main unions representing Cyprus Airways staff are moving to reject the rescue plan submitted by the Board, according to reliable information secured by the Financial Mirror. CAIR’s largest union CYNIKA, pilots

CSE GENX hits 100 points

The Cyprus Stock Exchange powered to another record close above the physiological 100 points for the first time in 3 years as Bank of Cyprus shares continued to edge higher, but a

EIU expects lower growth

The October 2005 Country Report on Cyprus by the Economic Intelligence Unit (EIU) forecasts that the growth rate of GDP for 2005 and 2006 will reach 3.6% and 3.0% respectively compared to

Revised State Budget presented

The State Budget for 2006 as well as the latest forecasts for 2005 were submitted to the House of Representatives on Thursday, aiming for a budget deficit of CTP 143 mln, or

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