Cyprus Shipping Chamber marks 20 years

The Cyprus Shipping Chamber organised a gala dinner at the Hilton Park Hotel in Nicosia last week to celebrate its 20th anniversary, initially established as the Cyprus Shipping Council. In his address

Cyprus launches EUR 300 mln stimulus package

President Demetris Christofias announced a new stimulus package worth EUR 300 mln on Tuesday to accelerate the growth rate of the local economy and to maintain unemployment at low levels. The government

Savage job cuts bolster U.S. stimulus hopes

The United States shed nearly 600,000 jobs in January and German and British industry output plunged the month before, data showed on Friday, while an array of Japanese firms suffered heavy body

Cyprus trips abroad rise by 12% in 2008

Trips abroad by residents of Cyprus rose by 12% in 2008 to 1,209,79, compared with 1,080,512 in 2007. This was a much better performance than tourism arrivals , which fell by 0.5%