Retail sales volume increased by a healthy 4.3% in February 2006, compared with the same month of 2005, albeit it at a slower pace of increase than the 6.6% recorded in January. For the first two months as a whole, retail sales rose by 5.52%: higher than the 4.8% recorded for the whole of 2005.
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The 31st Cyprus International Fair opens today with the participation of over 350 exhibitors and the display of products and services by 1,500 companies from Cyprus and 25 other countries. The official opening of the Fair, which will last until June 4, will be declared by Cyprus President Tassos Papadopoulos on May 25, in the
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After at least two years of fighting, the Holy Synod comprising Cyprus’ top clergy unanimously decided on Wednesday to hold elections for the seat of Archbishop on September 24, 2006. The new archbishop will be elected by Cypriot voters. The announcement was made by Bishop of Paphos Chrysostomos after a morning meeting of the Holy
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Former member of the Supreme Court Panayiotis Kallis was sworn in as the member of the independent Investigating Committee that will fully look into the causes of the air crash of Helios Airways in August 2005 that killed all 121 people on board. Kallis was appointed eight months after the crash on 10 May 2006
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But highest environmental tax Cyprus has the lowest tax on labour in the EU and the lowest corporate tax rate, according to figures released by European Commission Services, but has the highest ratio of environmental taxes as a proportion of GDP. The “implicit tax rate on labour” (ITR)–see note below–was 23.1% in 2005, the lowest
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President Tassos Papadopoulos will inaugurate the official launching of the euro information campaign next Wednesday, May 31, at the Hilton Park hotel at 11 a.m.. Speakers will include the Minister of Finance, Michalis Sarris, The Governor of the Central Bank of Cyprus, Christodoulos Christodoulou, as well as two foreign speakers. Interpretation from Greek to English
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