The decline in tourism arrivals moderated in November, as arrivals fell by 8.4% over the year earlier, compared with a drop of 14.0% in October. The total number of tourists reached 89,670
The unemployment rate amounted climbed to 5.4% of the labour force in the third quarter of 2009, according to the latest Labour Force Survey, compared with just 3.6% in the same quarter
Unknown persons violated the grave of former President of the Republic of Cyprus Tassos Papadopoulos, who passed away last year, and removed the body on Thursday night, a few hours ahead of
The European Union increased pressure on the International Monetary Fund on Friday to consider a global tax on financial transactions to limit the risk of another economic crisis. Responding to public outrage
A full breakdown of national accounts figures for the third quarter showed a slightly less pessimistic picture than the flash estimate published a few weeks ago. The revised data estimate that real
The top sovereign credit ratings of Britain and the United States are not under threat of a downgrade right now, but a worst case scenario foresees a cut by 2013, analysts from
Cyprus expects the EU to continue its collective efforts to tackle the global financial crisis, maintain a social direction to protect vulnerable groups of the population, take further social measures to reduce
The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, but a surprise narrowing in the trade gap in October suggested the economic recovery was
The Bank of England left its asset purchase programme intact at 200 billion pounds ($325 billion) and held interest rates at 0.5 percent on Thursday, as widely expected. Policymakers have indicated they
Cyprus Finance Ministry signed agreements with commercial banks based in Cyprus and the Cypriot cooperative banks for the allocation of a three-year cover bonds worth of EUR2.2 bln, in a bid to
