High OECD oil stocks show the oil market is oversupplied and OPEC will likely cut supplies when it meets later this month in Algeria, the organisation's secretary general said on Monday. "The
The industrial production index reached 129.2 in September 2008, recording an increase of 2.6% compared with September 2007. For the period January – September 2008, the index recorded a rise of 3.4%
The turnover value of the “Hotels and Restaurants” sector for the period July-September 2008 recorded a decrease of 1.2% compared to the corresponding period of 2007, in keeping with falling tourism arrivals.
Fewer than 7% of Cypriots shop online according to the annual survey by the Statistical Service covering households and enterprises. The household survey covered 1,599 households and 3754 individuals 16 – 74 years
Revenue from tourism in Cyprus fell by 3.7% year on year in October, even steeper than arrivals which dropped by 2.6% in the same month. On the basis of the results of
The production of cows’ milk for August decreased to 11,710 tonnes from 11,960 tonnes in the previous month. Compared to the same month of the previous year, however, it increased by 4.18%.
Euro zone inflation plunged in November and unemployment jumped more than expected, boosting the chances that the European Central Bank will make its largest ever interest rate cut next week to help
It is virtually certain that the ECB will cut rates again at its December 4 meeting after the Governing Council Meeting, predict analysts at Citigroup. Compared to the November meeting, the ECB
Logicom Public Ltd (LOG.CY) reported sharply higher sales, mostly arising from abroad but higher finance costs and exchange losses forced profits lower by 6% to EUR5.0 mln in 9M 2008. Group revenue
Costas Michaelides Constructions Ltd (KMC.CY) announced that majority owner and founder of the company Costas Michaelides has decided to submit a Public Offer for the acquisition of minimum 90% and up to
