Why no data for Cyprus? Signs that consumer spending in the eurozone may be recovering came on Tuesday, with Eurostat data showing that retail sales volume bounced by 2.0% compared with the same month of the previous year in May, having recorded a fall of 0.8% in April. Data for the EU25 show a similar

Finance Minister Makis Keravnos dismissed trade union claims that the government’s decision to invest the bulk of the Social Insurance funds in state bonds is giving a low return, thus threatening the future stability of the fund. “It’s false to say that the government has borrowed CYP 2.5 bln from the Social Insurance Fund. The

The EU-harmonised unemployment rate in Cyprus rose to 5.1% in May from 4.6% in April and was one of the fastest-rising rates in the EU, according to Eurostat, the Statistical Office of the European Communities. This was the opposite of the trend elsewhere in the EU, where unemployment for the EU25 fell to 8.8% in

But may not last long The Cyprus consumer price inflation in June appears to have been unaffected so far by rising world oil prices, as the rate dropped to 1.7% on June 2004, compared with a rate of 2.4% in May. On a month-on-month basis, prices declined again slightly, by 0.05%. For the first six

The Board of Directors of KEO Public Ltd decided to reelect K. Koutsos as Chairman of the Board of Directors following the Annual General Meeting of shareholders. The other board members are Ch. Panayiotou, Ch. Papachristodoulou, M.N Michaelides, I. Charilaou and Ch. Mavrellis.