EU-harmonised consumer price inflation in Cyprus in September 2005 recorded an increase of 2.1% compared to the corresponding index of September 2004, while a year earlier in September 2004, the annual rate of change was 1.8%. Although inflation has pickek up in previous months, the September rate was lower than the Eurostat’s “flash” estimate for

Total exports of goods soared in August, rising by 45.0% compared with August 2004, to CYP 51.7 mln, according to preliminary estimates. This brought the total rise in exports of goods in Jan-August to 23.3% compared with the same period of the previous year. The Statistical Service no longer publishes the breakdown of foreign trade

The main unions representing Cyprus Airways staff are moving to reject the rescue plan submitted by the Board, according to reliable information secured by the Financial Mirror. CAIR’s largest union CYNIKA, pilots union PASIPY and engineers union ASSYSEKA all criticised the airline’s board for only presenting them with a minimum of information on the controversial

The Cyprus Stock Exchange powered to another record close above the physiological 100 points for the first time in 3 years as Bank of Cyprus shares continued to edge higher, but a period of consolidation may set in after the BOC shares in Greece turned lower on Thursday. The CSE GENX closed 0.86% higher at

The October 2005 Country Report on Cyprus by the Economic Intelligence Unit (EIU) forecasts that the growth rate of GDP for 2005 and 2006 will reach 3.6% and 3.0% respectively compared to their previous estimate of 3.8% and 3.5% respectively. The EIU forecasts inflation rate for 2005 and 2006 to reach 2.3% and 2.4% respectively;

The State Budget for 2006 as well as the latest forecasts for 2005 were submitted to the House of Representatives on Thursday, aiming for a budget deficit of CTP 143 mln, or 1.7% of GDP, compared with an estimated 2.9% of GDP in 2005. Without cost-cutting measures planned by the government, the deficit is forecast