GDP fell in Cyprus by 1.3% during the first quarter of 2013, compared with the previous quarter, according to second estimates published by Eurostat, the statistical office of the European Union. GDP fell by 0.2% in the euro area and by 0.1% in the EU27 during the first quarter of 2013, compared with the previous
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The Cabinet decided to suspend the operation of three semi-state organisations, Minister of Agriculture Nicos Kougialis announced Wednesday. The operation of the Cyprus Milk Industry Organization and the Wine Products Council is being ceased immediately, while the Cyprus Potato Marketing Board will close down in the next two years. The Cabinet adopted during today’s meeting,
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Unemployed persons reached 44,424 persons in May 2013, marking an increase of 10,262 persons compared the May 2012, figures released today by Cyprus Statistical Services show. According to CyStat, the unemployed persons, registered at the District Labour Offices on the last day of May 2013, reached 44.424 persons. Based on the seasonally adjusted data that
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We are doing everything possible to restart the economy, President Nicos Anastasiades said on Wednesday, adding that he will soon give a press conference to review his government’s term in office until now. According to an official press release, speaking during an event organized at the Presidential Palace by ruling Democratic Party’s Nicosia women’s organization,
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Registered unemployment rose by a steep 30% over the year earlier in May, having risen by 27.7% in April, according to the latest figures from the Statistical Service, Cystat. The number of registered unemployed rose by 10,262 to 44,424 persons, from 34,162 in May 2012. On a seasonally adjusted basis the number in May 2013
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Hackers said on Wednesday they had attacked Turkish government systems and obtained confidential details of staff in Prime Minister Tayyip Erdogan's office in support of days of anti-government protest. A source in Erdogan's office confirmed that staff email accounts had come under a phishing attack but said those affected had been cut off from the
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Europe's squeezed utility firms say they cannot cut prices to stop their big industrial clients moving to the United States, where fuel costs around a quarter as much. Losing the business of heavy energy users, such as chemical giants, cement and steel makers, could force the power companies to put up prices for households, hurting
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European shares fell on Wednesday, extending a retreat from multi-year highs reached last month, as fresh concerns about a possible tapering in U.S economic stimulus measures hit markets. The pan-European FTSEurofirst 300 index, which touched a 5-year high of 1,258.09 points in late May, fell 0.4 percent to 1,206.45 points, while the euro zone's blue-chip
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Protesters clashed with police across Turkey overnight despite an apology for police violence from the deputy prime minister designed to halt an unprecedented wave of protest against Prime Minister Tayyip Erdogan. Pro-government newspapers signalled a softening of Ankara's line in the absence of Erdogan, who flew off on a state visit to north Africa on
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Plastic-packaging maker RPC Group Plc reported a 5 percent fall in full-year profit as high polymer prices and a weak euro weighed on earnings. RPC, which makes plastic containers, jars and bottles for brands such as Nescafe and Heinz, said its immediate outlook was hampered by the continuing lack of growth in Europe. Adjusted pretax
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