Cyprus officials optimistic about UK tourist arrivals

Cyprus Minister of Commerce, Industry and Tourism Antonis Paschalides, the Cyprus Tourism Organisation, the Cyprus Hoteliers Association and other tourist organisations believe that the impact on the tourist industry from the world

Marfin Popular Bank slashes borrowing costs

Marfin Popular Bank announced that it is delaying the planned increase in its Base rate until end of December 2008. Furthermore, the bank announced that effective November 12, 2008, it will reduce

Cyprus government holds onto budget surplus

The nominally communist government that was elected at the end of February 2008 held in the third quarter to the budget surplus accumulated by the previous administration. On the basis of the

Cyprus unemployment climbs again in October

Unemployment rose again in Cyprus in October, having risen for the first time in 17 months in September. The number of unemployed people registered at the District Labour Offices on the last

Cyprus shows first sign of consumer slowdown

Retail trade growth slowed in August, with the biggest impact coming from the household sector, in the first signs of a slowdown in consumer spending. According to provisional figures for August from