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Cyprus Economy News. Service for global professionals. Constantly updated news and information about Cyprus.
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Latest Cyprus Economy News

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  • Cyprus president meets Brown in London 12 Nov 2009 06:52 GMT
    ... of the British Bases" to a unified Cyprus, in the event of a solution to ... and Brown on 5 June 2008. The Cypriot leader said the Memorandum was wide-ranging and ... note that in the area of the economy, in spite of early promises, the progress ...

  • Cyprus tourism drop worsens in October 12 Nov 2009 17:50 GMT
    ... the sun by the sea in the Cypriot coastal city of Paphos in 2006. The ... the year-on-year decline in tourist arrivals in Cyprus accelerated to 14 percent last month from ... arrivals has been instrumental in the Cyprus economy going into decline for the first time ...

  • Turkcell Iletisim Hizmetleri A.S. Third Quarter 2009 Results (PRN) 12 Nov 2009 21:30 GMT
    ... support in such a challenging environment." Following GDP contraction of 10.6% in the first half ... Average Rate 1.1959 1.5801 1.4910 24.7% (5.6%) INFLATION Consumer Price 0.8% 0.8% 0.3% (0.5 pp) ... operations in the Turkish Republic of Northern Cyprus ("Northern Cyprus") and Fintur. In the past, when ...

  • Turkcell Iletisim Hizmetleri A.S. Third Quarter 2009 Results 12 Nov 2009 21:30 GMT
    ... support in such a challenging environment." Following GDP contraction of 10.6% in the first half ... Average Rate 1.1959 1.5801 1.4910 24.7% (5.6%) INFLATION Consumer Price 0.8% 0.8% 0.3% (0.5 pp) ... operations in the Turkish Republic of Northern Cyprus ("Northern Cyprus") and Fintur. In the past, when ...

  • Turkcell Iletisim Hizmetleri A.S. Third Quarter 2009 Results / "Continued Solid Operational Performance" 12 Nov 2009 21:35 GMT
    ... support in such a challenging environment." Following GDP contraction of 10.6% in the first half ... Average Rate 1.1959 1.5801 1.4910 24.7% (5.6%) INFLATION Consumer Price 0.8% 0.8% 0.3% (0.5 pp) ... operations in the Turkish Republic of Northern Cyprus ("Northern Cyprus") and Fintur. In the past, when ...

  • Gold at new high on weak dollar 12 Nov 2009 13:21 GMT
    ... new high on weak dollar (Financial Mirror (Cyprus) Via Acquire Media NewsEdge) Gold rose above ... dollar weakness, fears of a resurgence in inflation and hopes for more central bank gold ... added to expectations the world's fastest-growing major economy can lead a pick-up in global activity, ...

  • EU given strict deadlines to reduce deficits 12 Nov 2009 04:30 GMT
    ... from the record of 8.5 percent of GDP expected next year to five percent in 2013. ... 2010. Only seven member states - Bulgaria, Cyprus, Denmark, Estonia, Finland, Luxembourg and Sweden - ...

  • Cyprus Oct EU inflation -1.0 pct vs -1.2 pct Sept 9 Nov 2009 10:54 GMT
    ... NICOSIA, Nov 9 (Reuters) - Cyprus's EU harmonised inflation was running at -1.0 percent at an annual pace in October from -1.2 percent in ...

  • Cyprus GDP size revised up 10 Nov 2009 09:03 GMT
    ... its estimate for the size of the Cypriot economy on Monday, estimating gross domestic product (GDP) ... yet whether the revisions will mean that Cyprus has escaped recession after all. www.sapientaeconomics.com ...

  • Slow recovery ahead for Cyprus, says EU 9 Nov 2009 11:37 GMT
    ... economic recovery in 2010 and 2011, with Cyprus lagging behind the EU average in both ... scene for the structural adjustment of the economy, according to its autumn economic forecast issued ... productivity is undermining the competitiveness of the Cypriot economy. The Commission is not optimistic about ...

  • President opens new Cyprus airport 9 Nov 2009 07:12 GMT
    ... and development in air transportation began in Cyprus on Saturday, as the new 656,3 million ... landmark, not just in the history of Cypriot tourism, but also the country’s developmental infrastructure ... that will provide decisive support for the economy and tourism of our island. Nicolaides noted ...

  • Cyprus Foreign Ministry to intensify efforts in view of 2012 EU presidency 10 Nov 2009 10:55 GMT
    ... our positions for the solution of the Cyprus problem.' According to the budget, proposed expenditure is ... rotating presidency in 2012, both for the employment of staff for that period and for ... cultural and financial diplomacy, despite Cyprus' small economy, adding that globalisation, the development of new ...

  • Cyprus opens new airport to attract tourism, trade 7 Nov 2009 20:54 GMT
    ... Cypriot President Demetris Christofias opened the new Larnaca ... work plays a significant role in upgrading Cyprus as a main transit hub in the ... 0.5 percent -- the first time the economy has contracted in three decades. The Hermes ...

  • Aid expert praises Cyprus' efforts 7 Nov 2009 14:15 GMT
    ... delivered last night on aid-giving at the Cyprus Centre for European and International affairs. Entitled ... she explained that while foreign direct investment (FDI), remittances, international trade and commodity prices have ... was $11 million. Among the recipients of Cypriot aid are Lesotho, Mali and Yemen. The ...

  • Cyprus GDP reached 17.2 million euro in 2008 9 Nov 2009 17:15 GMT
    ... Cyprus Gross Domestic Product (GDP) for 2008 is expected to reach 17.247,8 million Euro at current prices from 15.879,1 million Euro ...


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