Credit card spending up 10% in Q1 ‘05

Spending by credit card increased by 10% year-on-year in the first quarter of 2005, according to JCC Payment Systems Ltd., the credit card processing company owned by the banks. During the first

Commission expects 4% growth in 2005-06

The European Commission expects the Cyprus economy to grow by about 4% in 2005-06, according to its latest Spring Forecast. This, it says, is mainly domestic-demand led, linked to continued strong private

Cyprus sees fastest unemployment rise

Unemployment in Cyprus saw the fastest rise in the EU in February, according to the latest figures from the European statistical service, Eurostat. Unemployment, as measured on an EU-compatible basis. shot up

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