The trade deficit widened in the first four months of the year, rising to EUR 1,680.7 mln in January-April 2010 compared with EUR 1,526.1 mln in the corresponding period of 2009. Total
Tourism arrivals rose for the second straight month in June, giving hope that the worst of the downturn in the tourism sector might be over. According to the passengers’ survey carried out
The Cypriot parliament on Thursday voted down a government bill to raise corporate tax by one percentage point to 11 percent, saying it could damage the island's fragile economic recovery. The tax
Bank of Cyprus (BOCY) said it would proceed with a 2-for-7 rights issue at 2 euros a share to raise 345 million euros and boost its equity capital. The cash call, which
The EU-harmonised consumer price inflation rate (HICP) rose to 2.1% in June, compared with 1.8% in May 2010 and 0.1% in May 2009. For the period January-June 2010, the HICP recorded an
Credit card spending by locals rose in June according to data from the credit card company JCC. Local plastic card use by Cyprus residents increased by 1% over the year earlier to
Greek Cypriots are increasingly using the internationally unrecognised airports in the north to travel abroad, despite the taboo on doing so, according to data from the credit card company JCC. In the
Consumer price inflation rose in June to 1.9% compared with 1.6% in May 2010 and 0.2% in June 2009. Compared with the previous month, prices rose by 0.20%. The Statistical Service said
Building permits authorised dropped by 12.8% over the year earlier according to our analysis in April, having leapt by 34.2% in March and 17.1% in February. Total building permits authorised by the
As unemployment climbed in Cyprus workers enjoyed a rise in average monthly earnings, thanks to the widespread practice of linking wages to inflation. According to the preliminary estimations of the Statistical Service,
