Cypriots turn to forex loans

A record number of Cypriots turned to borrowing in foreign currency during the first nine months of the year, taking advantage of super low euro borrowing rates, according to official data released

VAT receipts up

VAT receipts in September 2005 recorded an increase of 10.2% YoY to CYP 92.8 mln compared to CYP 84.2 mln in September 2004, whilst for the first nine months of the year,

Cyprus Economic Roundup: October 2005

By S. Platis ECONOMIC RESEARCH: Independent Economic Research Organisation Web Address: www.splatisecon.com Overview: The most recent economic data point to a satisfactory growth rate for 2005, driven by increased revenue from tourism