Russian Commercial Bank (Cyprus), the local subsidiary of the giant VTB Bank in Russia, has launched a promotional 5% interest rate for a fixed year deposit of over 100,000 euros to coincide
Britain’s Chancellor of the Exchequer, George Osborne, defended the increase in sales tax on Tuesday as the "least damaging" way to tackle a budget deficit in excess of 10% of national output.
Royal Dutch Shellhad made Cyprus the best competitive offer for a 20-year supply line of liquid natural gas, according to its energy and trade minister Antonis Paschalides. This was the first public
Credit card transactions in Cyprus rose 3% by value in 2010, with local residents buying 1.9 bln euros' worth of goods on plastic, credit card clearing house JCC said on Friday. JCC,
Even as it addresses the aftermath of the January 12, 2010 earthquake, Haiti now faces a devastating cholera epidemic that, in a short period of time, has killed thousands in every region
Latest data on output in construction confirm what has been indicated from building permits and cement sales, namely that the building construction sector is still in steep depression. The production index for
Registered unemployment in Cyprus ended the year almost 20% higher than in the same period of the previous year, according to the latest figures from the Statistical Service. The number of unemployed
Eurocypria, the state-owned carrier may be rescued from administration and its flight crews rehired by a new venture in Paphos, after troubled Cyprus Airways announced it would terminate all flights from the
According to the Labour Force Survey the unemployment rate dropped to 5.8% in the third quarter of 2010, compared with 6.4% in the second. However, it was still higher than in the
Despite weak economic growth overall earnings of the public and private sector rose by 3.6% over the year earlier in the third quarter of 2010, according to the preliminary estimates of the
