As forecast by the Financial Mirror According to the most recent data released by the Statistical Service CYSTAT, real GDP growth reached 3.8% in 2005–exactly in line with Financial Mirror forecasts made throughout the year. The growth rate was slightly lower than the 3.9% recorded in 2004. According to data for the fourth quarter of

The Cyprus Tourism Organisation (CTO) is confident that the number of German tourists visiting Cyprus this year will increase, with confidence high after a German tour group confirmed they will divert at least 25.000 more tourists to the island. The German VDK, which specialises in trips to Turkey is reported to have agreed to divert

The Economic Intelligence Unit (EIU) has issued its new growth targets for Cyprus for 2006 and 2007 in its latest country update. The EIU expects growth to hover around 3.4% in 2006 from 3.7% in the previous forecast but stay at 3.6% in 2007. In its latest report for Cyprus, the EIU stressed the need