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

Swiss watchmaker sees mega rich cancel orders

Swiss luxury watchmaker Romain Jerome has seen sales of watches costing more than 150,000 Swiss francs ($127,400) slow as the financial crisis has forced some customers to cancel their orders, the group's