August wholesale prices dropped by a bigger-than-expected 0.9%, the sharpest retreat in almost two years, the government said on Friday as a big decline in energy costs eased price pressures. The Labor
Oil rose to around $102 a barrel on Friday, underpinned by Hurricane Ike which could threaten oil refineries in the United States, the world's biggest energy consumer. U.S. crude for October delivery
Minister of Foreign Affairs Marcos Kyprianou has called on Turkey to fulfill its obligations emanating from international law and the decisions of the European Court of Human Rights (ECHR) concerning the issue
Lambros Christophi has resigned from his position as CEO of Aspis Holdings Pcl (ASP.CY) and from the Boards of all Group companies citing personal reasons and because as he put it, he
The Cyprus Inland Revenue Department (IRD) announced that total tax receipts during the period January – August 2008 increased by 2.0% yoy to EUR 1.3 bln. The marginal improvement is primarily attributed
Athena Cyprus Investment Co Ltd (ATH.CY) announced its participation in the venture capital Infinity I – China Fund, which focuses on companies related to the high-tech sector. The total amount of investment
Cypriot tennis player Marcos Baghdatis qualified for the quarter finals of the Challenger d’ Orleans. He beat Thursday French Gary Lugassy with 2-1 (1-6, 6-1, 6-2). Baghdadis, who returned to the tennis
Cyprus tourism revenue in July was even more disappointing than arrivals, as revenue from tourism reached EUR 272.9 mln, a decrease of 5.0% compared with the EUR 287.3 mln recorded in July
The total stocks of petroleum products in Cyprus at the end of July recorded an increase of 12% compared to the previous month. Total sales of petroleum products recorded an increase of
The trade deficit in Cyprus rose by 23% in the first seven months of the year, according to provisional figures for July. On the basis of preliminary estimates for July, total exports
