Cyprus tourism bounces back in May

Arrivals of tourists to Cyprus bounced back in May, rising by 8.6% year on year, after a seasonal fall relating to the timing of Easter led to a 4.0% drop in April.

Cyprus minimum wage increased

The Council of Minister decided to increase the minimum wage by 5% to CYP 362 (EUR 615) effective from April 1, 2005, with retroactive effect. According to the same source, following a