Marfin Popular to sell stake in Estonian bank

Cyprus-based lender Marfin Popular is to to sell its stake in Estonian subsidiary Marfin Pank Eesti AS to Ukrainian firm Ukrselhosprom Pcf LLc for 6.6 million euros ($8.6 million). Marfin, which controls

Outbound tourism falls in Nov as inbound rises

Outbound tourism fell in November whereas inbound tourism continued to record a healthy increase, according to the Passengers Survey. In November 69,768 residents of Cyprus returned from a trip abroad, which was

Unemployment climbs to 7.6% in Q3—LFS

**Registered unemployment also up** The unemployment rate climbed to a record 7.6% in the third quarter of 2011 from 5.8% in the same quarter of 2010, according to the latest Labour Force

Cyprus economic sentiment decreases in December 2011

Cyprus’ economic sentiment decreased in December 2011, mainly due to the deterioration of the business and consumers’ climate. The business climate in Cyprus deteriorated in December 2011 since the Economic Sentiment Indicator