Cyprus Weekly News in Cyprus, UK, World, Cyprus Football News & Tennis News

03 September 2010 20:04

NICOSIA - The Economic Sentiment Indicator continued to improve in Cyprus, according to a monthly report issued by the European Commission. Improvement was also noted in both Greece and the EU.

According to the report of the Directorate General for Economic and Financial Affairs, the...

01 September 2010 09:57

Jobless rate

NICOSIA - The Cyprus unemployment rate for July 2010 was 7.1%, up from 5.5% a year ago, according to figures published by Eurostat.
The unemployment rate in Cyprus, however, marked a small decrease, compared to June 2010 data, when the rate was 7.2%.
Cyprus’ July 2010 rate is the eighth...

01 September 2010 09:47

Marfin results

NICOSIA - The Marfin Popular Bank’s core banking pre-provision profit rose by 44% to 143.8 million euro in the first half of 2010, according to the Bank’s financial results for the first half of 2010.
A press release issued by the Marfin Popular Bank says that total revenues rose by 2%, while...

31 August 2010 11:29

CA loss rockets

NICOSIA - Cyprus Airways' first-half pre-tax loss widened six-fold as the economic downturn, Greece's financial crisis and the volcanic ash cloud drove down passenger numbers.
The state-controlled carrier also cited growing competition for its loss of €25.1m in the first six months....

26 August 2010 09:12

Cyprus in Ukraine

NICOSIA - Cyprus -followed by Germany, The Netherlands and Russia - is the biggest investor in the Ukrainian economy, according to data for the first half of 2010.

Investment influx has been increasing and during the same period investments from Cyprus increased to 486 million dollars...

24 August 2010 18:10

Trade gap widens

NICOSIA - There was a rise in Cyprus’ trade deficit during the first five months of 2010, as compared to the corresponding period a year ago.

Total imports from third countries and arrivals from EU member-states amounted in January-May 2010 to 2 billion 546 million, as...

18 August 2010 21:30

Revenue recovery

NICOSIA - A slight recovery of 2% was recorded by state revenue in January – July 2010 compared with the corresponsive period of 2009. Immovable property and capital gains tax led the state revenue for the first seven months of the current year up by 14.78 million despite the significant decrease...

17 August 2010 21:31

Guatemalan support

NICOSIA - Guatemalan President Alvaro Colom Caballeros has expressed his support to President Christofias’ recent initiative on the Cyprus problem, and pointed out that it demonstrates once more the sincere and constructive stance of the Cypriot Government.

According to an official...

17 August 2010 21:28

Tougher loans

NICOSIA – Cypriot Banks have tightened the criteria for granting loans to businesses and households in the second quarter of 2010, in comparison with the first quarter of the year, according to the Bank Lending Survey, released here today by the Central Bank of Cyprus.

The survey indicates...

02 August 2010 15:24

Investment hopes

NICOSIA - Kuwait and China have shown interest in investing in Cyprus, Minister of Commerce, Industry and Tourism Antonis Paschalides has said.

In statements Monday to CNA, Paschalides said that next October or November, he would be visiting Kuwait, heading a business delegation,...