Inflation approaches Eurozone levels

Cyprus recorded a decrease in inflation during May 2005, reaching 2% from 2.8% in April. The annual harmonised inflation rate in Cyprus is now very near the average of the Eurozone. According

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