Cyprus property deals decline 53% in May

The number of property sale contracts transacted during May 2009 fell by 53.2%, taking the reduction since the beginning of the year to 60.7% year-on-year compared to a year ago, according to

Unemployment in Cyprus reaches 5.4%

Unemployment reached 5.4% of the active population in Cyprus in April 2009, compared to 5.0% in March 2009, according to Eurostat. Despite the increase in the unemployment rate, Cyprus had the third