Cyprus recorded a small decline in outward tourism in October, as the number of residents of Cyprus returned from a trip abroad fell by 0.2% to 98,348, compared with 98,527 in the corresponding month of 2008. Within countries, however, there was a large variation. At the top extreme end, return trips from Russia rose by
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On the basis of the preliminary data on the general government accounts for the period July-September 2009, the public finances slipped into a small deficit of EUR 36.9 mln, having recorded a comfortable surplus of EUR 343.3 mln in the corresponding period of the previous year. Total revenue in this period amounted to EUR 1,869.9
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European shares drifted lower in midday trading on Tuesday, breaking a three-day winning streak, led lower by banks with Greek lenders taking a beating on concerns over Athens's fiscal measures to cut deficits and debt. At 1148 GMT, the FTSEurofirst 300 index of leading European shares was down 0.3 percent at 1,014.88 points, ahead of
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Cypriots are concerned over the economic crisis and believe that the next twelve months will be worse, according to the Autumn 2009 Eurobarometer. The 80% of Cypriots who participated in the survey consider that the economic situation is poor, 76% expect that the worst of the crisis is to come, while only 16% believe that
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The Ministry of Health has announced that it will begin vaccinating against the H1N1 virus healthy people and those under the age of 25 as of Wednesday, 16 December. A statement by the Health Ministry said that this is the third stage of vaccinations which started on November 23. The Ministry has also decided to
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The British Ministry of Defence continues to dismiss allegations that the government is planning to downgrade the British Bases in Cyprus, in the context of a drive to cut expenditure in all sectors, due to the priority placed on Afghanistan. Asked about relevant reports, a spokeswoman for the Ministry said ''this is speculation, as no
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President of the Republic of Cyprus Demetris Christofias has expressed concern over the fact that as time goes by, the case of the theft of the remains of former President of the Republic Tassos Papadopoulos has not yet been resolved. Asked about the violation of the grave of Papadopoulos, Christofias said “What can one think?
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U.S. stock index futures slipped on Tuesday, a day after stocks hit a 14-month high, as concerns about the health of the German economy and euro zone banks drove the U.S. dollar higher. A slew of U.S. economic data before the market opens could determine the direction of trading, even as the Federal Reserve starts
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Euro zone labour costs grew in the third quarter on the back of higher wages in industry, data showed, but the expansion slowed compared with the second quarter in a sign that rising unemployment is taking its toll. Total hourly labour costs in the 16-country euro currency area rose 3.2 percent year-on-year in July-September after
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The world's airlines are set to lose $5.6 billion next year, more than previously estimated, with rising fuel costs offsetting a rebound in both passenger and air cargo, the industry group IATA said on Tuesday. In its latest outlook, the International Air Transport Association reaffirmed its projection of a $11 billion loss in 2009 —
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