The trade deficit widened to EUR 5,260.2 mln in January-October 2008 compared with EUR 4,329.3 mln in January-October 2007, as growth in imports outstripped growth in exports. In January-October, total imports/arrivals rose
Preliminary data for October indicate that the volume of retail sales growth slowed slightly in October to 6.2% over October 2007, after growth of 8.2% in September. The most notable change was
The registered unemployment rate in Cyprus rose by 1,381 persons to 14,169 in December 2008, marking a sharp rise of 10.8% compared with December 2007. A downturn in the construction sector can
Mergers and acquisitions involving Cypriot companies tumbled to EUR 1.08 bln in 2008, a drop of 60% from the EUR 2.6 bln deals recorded in 2007 and EUR 2.9 bln in 2006,
Russian citizens and other CIS nationals reduced their deposits in Cyprus banks in November by EUR 400 mln, while compared to a year ago, the amount of money they have whisked out
The executive committee of the Cyprus International Businesses Association has elected former health minister Frixos Savvides as its new president. In 1979, Savvides was the founding partner of Savvides & Partners /
The British government plans to hold talks with banks shortly about getting lending flowing to business after the Bank of England cut interest rates to a record low. Prime Minister Gordon Brown
Cyprus runs the risk of desertification by the end of this century as it feels the brunt of climate change and drought, an expert warned on Friday. Studies project a rise in
The Lord Mayor of the City of London the Rt. Honourable Alderman Ian Luder is planning to visit Cyprus from 26 to 28 January 2009, with an aim to enhance business links
Cyprus cut its economic growth forecast to 2.1% in 2009 from an earlier projection of 3%, and expects a small fiscal deficit this year, on the back of a sharp reduction in
