Cyprus inflation eases in May

The consumer price inflation rate eased to 1.6% in May from 2.4% in April, largely thanks to a fall in food price relative to the previous year. Compared with the previous month,

Oil rises to $74 on equities, crude draw

Oil prices rose by almost 2 percent on Thursday due to an industry report that showed a drop in U.S. crude inventories and as robust economic indicators injected confidence into financial markets.

Cyprus building permits leap 10% in Q1

The construction sector in Cyprus is showing signs of revival with an increase in building permits in the first quarter according to the Statistical Service. In January – March 2010, the number

Cyprus services turnover down 0.9% in Q1

Turnover in the general services sector dropped by 0.6% in January – March 2010 compared with the same period of 2009 according to the Statistical Service. The general turnover index does not

Cyprus travel abroad down in ashy April

Travel abroad from Cyprus fell in April, probably as a result of delayed and cancelled flights as a result of ash from an Icelandic volcano. According to the Statistical Service, 91,737 residents

UK May manufacturing growth holds at 15-yr high

British manufacturing activity held steady in May at the previous month's 15-year high, a survey showed on Tuesday, but the recovery picture was clouded by signs of accelerating price pressures. The Markit/Chartered

Cyprus presents positions on EU energy policy

National quantitative aims for energy performance and the new European energy strategy for 2011-2020 were the main topics on the agenda of Monday's EU Council of Energy Ministers. Cyprus was represented at