Growth in the number of building permits authorised accelerated again in November 2005, as permits rose by 26.1% on November 2004, compared with a rise of 21.7% in October. The value of building permits also rose strongly, by 29.1% year on year in October, compared with 26.1% year on year in September. This was almost

A new round of strength in Bank of Cyprus shares in Greece was instrumental in pulling the BOC shares to another record close in Cyprus at near five-year highs as volume climbed to new record highs in both Cyprus and on the shares of BOC trading on Sophocleous. BOC shares in Greece rallied a spectacular

Cyprus Communications and Works Minister Haris Thrasou and Finance Minister Michalis Sarris are in Brussels to discuss the Cyprus Airways (CY) restructuring plan, aiming to save the company. Discussions will take place with the European Commission General Director of Communications. Speaking on departure Thrasou called on CY pilots and company employees in general to cooperate

Retail sales in Cyprus continued to show healthy growth in October, rising by 8.1% in volume compared with October 2004. This was stronger than the 2.5% and 4.4% year-on-year increases recorded in August and September respectively. On a year-to-date basis (Jan-Oct), retail sales were up by 4.8% compared with the same period of 2004. The

Data on motor vehicle registrations for the whole of 2005 show the impact of the tax cuts in late 2003 rather than the state of consumer demand. For the whole of 2005, total motor vehicle registrations dropped by 9.9%. However, in the previous year, they rose by 33.9%, as buyers took advantage of massive cuts