Cyprus edges towards deflation

Cyprus annual harmonized inflation in August marked a significant decline, showing deflationist tendencies due to the continuing economic downturn. According to figures released today by Eurostat, Cyprus' Harmonised Index of Consumer Prices

British destroyer arrives in Cyprus

HMS Dragon, a Type 45 destroyer of the British Royal Navy, is scheduled to reach Cyprus today as part of the UK’s defensive military build up in the Eastern Mediterranean. A Ministry

ESM board approves updated MoU for Cyprus

The Board of Governors of the European Stability Mechanism (ESM) approved in Vilnius on Friday the updated Memorandum of Understanding for Cyprus, which clears the way for the disbursement of €1.5 billion,

Cyprus sees largest fall in EU employment

Cyprus recorded the largest decrease in employment both quarterly and annually, in the second quarter of 2013, according to data released Friday by Eurostat. The number of persons employed also decreased in