Social Protection expenditure in Cyprus amounted to 17.9% of GDP in 2005, compared with an EU27 average of 27.3%, according to a Statistical Service report entitled “Social Protection in Cyprus 2005â€. In 2005, the social protection expenditure amounted to £1.407,4 mln (EUR 2.4 bln) compared with CYP 1,296.3 mln in 2004, thus rising by almost
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The EU-harmonised consumer price inflation rate (HICP) reached  4.1% year on year in January, much higher than the rate of 1.4% recorded in January 2007. Like the national consumer price inflation rate, prices fell compared with December 2007, therefore the “euro effect†was not strong. However, the fall in prices, at 1.4% was milder than
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Retail sales volumes in Cyprus rose by 8.9% in 2007, according to provisional data for December. According to provisional estimates, the turnover volume index of retail trade for December 2007 increased by 33.2% over the previous month and by 16.1% compared with December 2006. Final data for November report a year-on-year increase of 13.6% in
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The price index of construction materials for January 2008 inched up by 0.58% compared with December 2007, but was 6.27% higher than in January 2007. In 2007 construction materials prices were on an upward trend for most of the year, rising 4.3% over the year earlier in January 2007 and by 6.0% in December. Â
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Tourism revenue rose by 4.9% over the year earlier in January, according to the Passenger Survey, reaching EUR 35.3 mln compared with EUR 33.6 mln in January 2007. This was a positive result given that the actual number of arrivals fell by 2.3% to 50,658 in the same period.
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The rate of inflation in January 2008 reached 4.1% by comparison to the corresponding month of 2007, according to the latest data released here today by the Cyprus Statistical Service (SyStat). CyStat announced that the Harmonised Index of Consumer Prices for the period February 2007 – January 2008 recorded an increase of 2.4%. The increase
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The Struggling Democratic Movement (ADIK) decided on Thursday to call on its members and followers to decide and act freely and according to their conscience in the second round of presidential elections. ADIK President Dinos Michaelides said, after a party meeting, that since there were different views about who to support in the run off
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Ioannis Kasoulides, running for the presidency of the Republic, said his vision was a free Cyprus, a modern European state, with economic growth, social cohesion and social justice, a Cyprus in the heart of Europe, adding that his government would be one of ”national cooperation, with personalities from all political spheres, who share the vision
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Demetris Christofias, who is running for the presidency of the Republic, said his aim was a viable and functional settlement of the Cyprus problem, which would reunite the state, the people, the institutions and the economy. Speaking at an election rally in support of his candidacy, Christofias said ”together we will pave the way for
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Fresh signs that the U.S. economy may be in recession sent Asian stocks lower on Friday, with Shanghai shedding more than 4 percent, as investors took shelter in the relative safety of government debt. European stock markets are expected to follow suit, although with more modest losses. Spread betters in London are calling Britain’s FTSE
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