It looks like the ruling Progressive Party of Working People (AKEL) finally gave into pressure from its coalition partner, the Democratic Party (DIKO), this week and will concentrate efforts on cutting spending
Cypriot bankers have agreed to be levied an additional tax, as long as money raised goes into a stability fund to help the island’s banking system, should it falter. Central Bank Governor
Consumer price inflation fell to 1.5% in November from 3.0% in October 2010 and 1.4% in November 2009, according to the Statistical Service. The Statistical Service said that the main reason for
Unemployment rose on a seasonally adjusted basis by 1.3% over the previous month in November, according to the Statistical Service, rising by . The actual number of registered unemployed reached 25,021 in
Tourism fell below 10% of GDP in 2009 when measured on a balance of payments basis, but business services were already worth 20% of GDP in 2008, according to the annual report
Almost all Cypriot businesses use computers these days, according to the annual survey ‘Information and Communication Technologies Usage and E-Commerce in Enterprises 2010’, which has been carried out in Cyprus for the
Industrial companies are innovating more than service companies, according to the Innovation Survey carried out by the Statistical Service among enterprises with 10 or more employees. In total, it found that 56.1%
Cyprus's central bank raised its growth forecasts on Monday, saying the island's economy should grow 0.7% in 2010 and 1.8% next year but action was needed to put deteriorating public finances in
— Orphanides pips Lidl on total spend in Oct-Nov — Low-cost retailer Lidl may have swamped the media with its aggressive ad campaign for the launch of its first seven stores in
A senior Saudi royal demanded on on Sunday that the source of U.S. embassy cables published by WikiLeaks be "vigorously punished" and suggested the credibility of America's diplomats had been hurt by
