Cyprus unemployment at 5.1%

The unemployment rate of Cyprus in March was 5.1% of the economically active population, compared to 8.9% jobless rate in the euro-zone, according to Eurostat. Eurozone unemployment in February stood at 8.8%,

Imports and exports boom

On the basis of preliminary estimates for foreign trade in February 2005, total imports/ arrivals rose by 31.5% year on year to CYP 209.6 mln, of which CYP 133.3 mln were arrivals

Building permit growth slows in Feb

The number of building permits authorised by the municipal authorities and the district administration offices during February 2005 rose by just 1.7% year on year to reach 775. The total value of

UAE’s Investbank upgraded

Capital Intelligence, the international emerging markets rating agency, announced on April 27 that it had increased the foreign currency long-term rating of United Arab Emirates’ Investbank to BB+ from BB in view