Unemployment in Cyprus fell slightly in January to 16.1%, compared to 16.4% in December 2014, but still above the 15.7% rate recorded in January 2014, according to Eurostat. The EU’s statistical office
The socialist party of Cyprus, with just five deputies in the 56-seat House of Representatives, elected its third leader on Sunday in the party’s 46-year history and hopes to head into the
The sectors of accommodation and food service activities recorded an annual increase of 4.2% in 2014, according to the Statistical Service Cystat, a trend underlined by recent tourism data that showed an
Twelve EU member states, including Cyprus, have missed the minimum interconnection target allowing at least 10% of their installed electricity output be available across borders. The European Commission had earlier last week
The value of goods in the transport and storage sector recorded a decrease of 1.4% in 2014 according to the annual Turnover Value Index published by the Statistical Service Cystat, with land
Industrial output is nearing its lowest levels in years with the Index of Industrial Production recording a significant slowdown in 2014, continuing the negative trend of the past six years. For the
The Ministry of Agriculture and the municipality of Ayia Napa have scuttled a navy vessel which will be used to enrich the seabed near the popular holiday resort and create an artificial
Tourism revenue fell for the first time in five years by €59 mln in 2014, despite an annual increase of 1.5% in tourism arrivals, according to the monthly Passenger Survey by the
Demand for the 6-year Cyprus government retail bonds, a low-tax scheme launched last year to boost state coffers, picked up again with the Public Debt Management Office (PDMO) announcing it received applications
The Cooperative Central Bank, the nationalised former co-operative lender that controls a large chunk of local deposits and loans, announced further cuts in its lending rates as of Sunday, in addition to
