The unemployment rate rose to 16% of the labour force in the third quarter of 2014, from 15.4% in the previous quarter, according to the Cyprus statistical office Cystat. The unemployment was
The level public debt is expected to rise to 18.9 bln euros by the end of 2014, from 18.4 bln at the end of 2013, according to the Finance Ministry. A document
The European Union is changing its approach to the sanctions against Russia which Cyprus has always decisively opposed, Foreign Minister Ioannis Kasoulides said in an interview with TASS. “Cyprus was always very
VTS Vasiliko Terminal Services Ltd (VTS) announced the launch last week of its operations at the jetty of VTT Vasiliko Ltd (VTTV) oil storage terminal. Under a license agreement signed with the
Fourth-largest lender Alpha Bank will launch a joint venture with Spanish financial services firm Aktua Soluciones Financieras, an offshoot of Santander, to manage a substantial chunk of its non-performing loans. Alpha and
A VERY MERRY CHRISTMAS TO ALL We wish all our readers a very Merry Christmas, enjoy the holiday break Photo Credit: OlegDoroshin http://www.canstockphoto.com
* PDMO says demand tops €37 mln, up from €27 mln last month * Demand for 6-year Cyprus government retail bonds shot up to EUR 36.7 mln this month, up from 27.4
* Business and consumer sentiment on the rise * The monthly Economic Sentiment Indicator compiled by the Economics and Research Centre of the University of Cyprus saw an improvement of 2.1 points
The draft bill that will regulate the establishment, operation, function, control and supervision of a casino resort has been sent to parliament, after it was approved by the Council of Ministers two
President Nicos Anastasiades plans to send back to parliament a bill approved by the opposition last Thursday that calls for a suspension of the framework law on foreclosures, until the related bill
