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Cyprus motor vehicle registrations recorded their first rise for three months in May, rising by 1.8% compared with May 2004, to 4,490. Passenger vehicles continued to decline, however, falling by 3.9% year

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.

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