Cyprus consumer spending down 4% in May

Consumer spending through use of plastic money fell 4% year-on-year to EUR 142.8 mln in May 2009 according to the credit card clearing consortium, JCC Payments Systems. (Full report available in print

Cyprus VAT receipts tumble in May

VAT receipts, which constitute the biggest component of indirect taxes fell 6.5% to EUR 716 mln in the first five months of the year, a clear indication of a weakening private consumption

Cyprus to continue oil search despite Turkey

Cyprus said it would press on with offshore oil exploration, despite strong objections from Turkey, and would open new fields for hydrocarbon research by early next year. Industry Minister Antonis Paschalides told

Garoyian says Cyprus must invest in green energy

Cyprus must turn to green energy to ease pollution issues, Cyprus House President Marios Garoyian said addressing a seminar organised by the Cyprus Wind Energy Association and the Cyprus Organisation for Standardisation.