Turkey’s at 29% First estimates (known as “Nowcasts”) from the European Union statistical service Eurostat show that incomes in Cyprus are 82% of the EU25 average. Data for gross domestic product (GDP) are measured using purchasing power parities (PPP), while GDP per capita are measured using Purchasing Power Standards (PPS). Both these are measures that

Luxury car maker Jaguar has appointed Cyprus Premium Automobiles as its new distributor in Cyprus from May 1. CPA, part of the Pilakoutas Group, will also have a new custom-built home in Kaimakli, that will also house the other non-BMW marques such as Land Rover and MG. Charalambos Pilakoutas, the Group’s chief executive, told a

Cyprus had the fifth-lowest seasonally adjusted unemployment rate in the EU25 in April, at 4.8%, compared with 8.9% in the EU25. The EU 25 unemployment rate was unchanged from March, while the eurozone unemployment rate was also 8.9%. The lowest rates were registered in Ireland (4.2%), the United Kingdom (4.5% in February), Luxembourg and Austria

Consumer prices in Cyprus fell by 0.02% compared with the previous month in May, as the index recorded 120.65 compared with 120.67 in April 2005. The Statistical Service CYSTAT reported that this was mainly owing to decreases in the prices of certain fresh vegetables and potatoes. Increases have been recorded in the prices of certain

In its latest Global Forecast dated June 2 (ie after the French and Dutch referendums), the Economist Intelligence Unit expects the euro to be slightly weaker against the dollar than previously assumed, at an average USD 1.32 per euro in 2005 compared with the previous forecast of USD 1.35, reflecting dollar strength in recent months.