The yield on the 10-year Cyprus government bond fell slightly to 4.03% during the auction held on May 31, 2006, nearing the psychological 4% level as Cyprus rates continued their slow pace of moving toward comparable euro rates. The decline in the Cyprus 10-year bond yield from 4.07% on March 29 to 4.03% is still

Sustained outperformance of arrivals Revenue from tourism rose by 20.2% compared with the same month of 2005 in April, compared with a rise of 12.5% in arrivals, which was helped partly by the timing of Western Easter. The fact that revenue rose faster than arrivals is significant, as April marked the six consecutive month in

Inflation rises above 3% again in May The consumer price inflation rate for Cyprus flipped back over 3% again in May, recording 3.13% compared with May 2005, having recorded 2.96% in April. This is not the inflation rate that the European authorities will use when it comes to assess Cyprus’ inflation performance (they look at