Cyprus recorded a decrease in inflation during May 2005, reaching 2% from 2.8% in April. The annual harmonised inflation rate in Cyprus is now very near the average of the Eurozone. According
Arrivals of tourists to Cyprus bounced back in May, rising by 8.6% year on year, after a seasonal fall relating to the timing of Easter led to a 4.0% drop in April.
Constitution to be shelved Implications for Cyprus EU leaders formally start on Thursday what will be the most important European Council summit in recent times. Whether it will turn out to the
Andreas Georghiou, CEO of Universal Life Group, has thwarted the second largest takeover deal of the year by exercising an option giving him first right on the Universal Life shares that the
Deputies managed to withstand the intense lobbying pressure from the banks but mostly the Bar Association in not moving to suspend or amend the law stopping the imprisonment of people who defaulted
The Cabinet announced the appointment of former Electricity Authority of Cyprus (EAC) director Kikis Ergatoudis to look into the CYP 9.2 mln missing from the authority’s pension fund that were entrusted to
The Council of Minister decided to increase the minimum wage by 5% to CYP 362 (EUR 615) effective from April 1, 2005, with retroactive effect. According to the same source, following a
