On the basis of the results of the Passengers Survey, arrivals of tourists in Cyprus reached 273,058 in May 2007 compared to 283,513 in May 2006, recording a decrease of 3.7%. This
ECB rates on the rise  The Economist Intelligence Unit is expected to revise its real GDP growth forecasts for 2007 and 2008 during its July forecasting round in response to the
Forget small and medium sized enterprises: the Cypriot economy is dominated by micro-sized businesses, with only 4.7 persons employed per enterprise on average, according to the Census of Enterprises carried out by
The trade deficit in Cyprus rose to CYP 637.4 mln in January-March 2007 compared with CYP 587.2 mln in January-March 2006, according to revised figures. Total imports/arrivals (covering total imports from third
The Nokia 6110 Navigator, which began shipping this week, will have its navigation capabilities tested as it accompanies actors Ewan McGregor and Charley Boorman as they take the “Long Way Down” to
According to the Inland Revenue Department (IRD) tax revenue for the period January –May2007 advanced by 48% YoY to CYP 377.4 mln. Total income tax collections increased by 27.7% YoY to CYP
The Shacolas Group of Companies have pledged to round-down euro prices by up to 1% when the euro becomes official tender on January 1, 2008 thus sending a powerful message to the
Ocean Tankers Holdings Public Company Ltd said that the Company’s management achieved the following time charters: 1. Tanker M/T “Eleoussa Trikoukiotissa†renewed the existing time charter with Herning Shipping SA for the
By Fiona Mullen  In an article published in January, I asked whether the Cyprus economy was decoupling from tourism. I cited the unusual combination of falling tourism numbers but rising real
Uisge Beatha – a new concept for new operators  ‘Uisge Beatha’, the water of life, is the first of its kind malt whisky concept that has opened inside the partly refurbished
