Cyprus Wine Festival opens on Thursday

The annual Wine Festival in Limassol opens on Thursday evening, celebrating its 50th anniversary and promising an upgraded cultural programme and many innovations. The Festival will be opened by Minister of Commerce,

Obama to propose $300 billion jobs package

President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans some $300 billion in tax cuts and government spending as part of a job-creating package, U.S. media reported on

Cyprus tourism income leaps 18.8% in July

Revenue from tourism leapt by 18.8% over the year earlier to EUR 274.4 mln in July, according to the Passenger Survey, compared with EUR 231.1 mln in the corresponding month of 2010.

Cyprus unemployment up in August

Unemployment rose in August on both a nominal and seasonally adjusted basis. According to the seasonally adjusted data, the number of registered unemployed increased in August to 28,328, from 27,804 in July.