The Statistical Service has announced the movement in prices of various food products, showing a general rise compared with the previous year. The producer price index of fresh vegetables decreased to 155 in December 2008, from 168 in the previous month. The index increased by 53% in the fourth quarter of 2008 compared to the
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Entry into the European Union on 1 May 2004 has done a bit to narrow the wage gap between men and women in Cyprus, according to the latest data on average wages from the Statistical Service. However, the gap remains wide. The average monthly salary for women in the fourth quarter of 2008 was EUR
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The Labour Force Survey in Cyprus defied expectations in the fourth quarter, showing both a fall in unemployment and a rise in employment. In the fourth quarter of 2008, the total number of unemployed fell to 13,351 from 14,051 in the fourth quarter of 2007. At the same time, the total number of employed rose
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Top executives of leading European, U.S. and Asian banks are expected to discuss capital adequacy, regulatory reform and attempts to kick-start the global economy at a meeting in London on Tuesday. British Prime Minister Gordon Brown is hosting the roundtable, ahead of a meeting of Group of 20 (G20) leaders in London on April 2.
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The United States tried to persuade private investors on Monday to take on huge sums in banks' toxic assets, while the IMF warned of a drastic rise in unemployment which might threaten some countries' democracy or even provoke war. Financial markets rose on the U.S. offer of financing for investors, aimed at unburdening banks of
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Stock markets gained on Monday while the dollar and U.S. government bonds fell as news of Washington's plans to buy up to $1 trillion of toxic assets from banks increased investors' appetite for risk. The MSCI World index, a gauge of global stocks performance, rose 1.5 percent by 1155 GMT. Futures for the U.S. benchmark
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The Slovak government will host on May 14-17 Greek Cypriot and Turkish Cypriot parties in Bratislava to mark the twentieth anniversary of dialogue between Greek Cypriot and Turkish Cypriot parties. Speaking during a press conference, Slovak Ambassador to Cyprus Anna Turenicova, whose country facilitates these meetings in Nicosia, expressed hope these gatherings will ''give an
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Tourist arrivals from Russia have marked an increase of 31% in the first two months of 2009, compared to the corresponding period last year, according to official data, which Commerce, Industry and Tourism Minister Antonis Pashalides presented at a press conference in Moscow. In 2008, Cyprus welcomed 182.000 tourists from Russia compared to 145.000 in
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Cyprus Department of Civil Aviation released today figures on air traffic for January 2009. In Larnaca, Cyprus' major airport, the figures, compared with January 2008, show an increase in flights by 2.0%, while passengers and cargo transportation declined by 3.4% and 3.8% respectively. Air traffic in Pafos airport for January 2009 recorded a decline in
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EBay unit Skype on Monday plans to announce a version of its Internet calling software that connects to corporate phone systems, the Wall Street Journal said. The new software, called Skype for SIP, is expected to allow employees to make domestic and international calls with regular office telephones, instead of a headset plugged into a
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