Cyprus Q2 growth GDP revised up to 0.5%

Real GDP growth in the second quarter was revised up slightly to 0.5% over the year earlier according to full data published on Wednesday. The previous flash estimate had reported a decline

Cyprus govt to go ahead with airlines’ merger

 — New joint chairman “in a few days” — The government is going ahead with plans to merge the island’s two ailing airlines, state-controlled Cyprus Airways and state-owned charter operator Eurocypria, with

Cyprus usbbank moves to BLC of Lebanon

 — Investors take control in deal worth €36 mln — BLC Bank, one of the oldest financial institutions in Lebanon with 35 branches across the country, is expected to buy all the

Greek bank stocks plunge 5.2%, NBG weighs

Greek bank stocks were shedding more than 5% just after opening on Wednesday, underperforming the broader Greek market, as a sharp drop by National Bank (NBG) shares weighed on the benchmark index.

Inflation climbs to 3.2% in August

Year on year inflation climbed in August, with prices rising by 3.2% over the year earlier compared with 2.6% in July. Compared with the previous month, prices increased by 0.82%. The Statistical

Cyprus seasonal unemployment rises in August

The number of unemployed persons registered at the District Labour Offices on the last day of August 2010 reached 22.365 persons according to the Statistical Service. According to the seasonally adjusted data,