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Category: Economy

1+ billion euro in losses for Bank of Cyprus due to Greek debt

1+ billion euro in losses for Bank of Cyprus due to Greek debt

22/02/201222/02/2012 admin
Bank of Cyprus announced yesterday that according to the preliminary financial results of 2011, it took a hit of about 1.32 billion euro.... Read More
Unemployment Rate is Skyrocketing, reached 9.3%

Unemployment Rate is Skyrocketing, reached 9.3%

01/02/201201/02/2012 admin
During the past 12 months Cyprus faced the second largest increase in its unemployment rate compared to the rest of European Union. Statistics made public yesterday by Eurostat indicate that the unemp... Read More
Cyprus to become the energy bridge connecting Asia to Europe

Cyprus to become the energy bridge connecting Asia to Europe

24/01/2012 admin
Will be able to carry 2000 MW of electricity putting an end to Cyprus's energy isolation from the Europe and Asia.... Read More
Electricity Authority of Cyprus to start charging interest on delayed bills

Electricity Authority of Cyprus to start charging interest on delayed bills

11/01/2012 admin
A euro fine per day per 100 euro owed.... Read More
RYANAIR to fly from Paphos to 14 destinations

RYANAIR to fly from Paphos to 14 destinations

10/01/201210/01/2012 admin
RYANAIR will be flying from Paphos to 14 European destinations, in 80 flights per week.... Read More
Cyprus faces record high unemployment rate

Cyprus faces record high unemployment rate

01/12/2011 admin
According the statistical data made public yesterday by Eurostat, unemployment in Cyprus has reached a record breaking rate of 8.2% in October (an increase of 0.3% from September). The change is a res... Read More
Cyprus has the largest number of foreign EU workers per capita

Cyprus has the largest number of foreign EU workers per capita

16/11/2011 admin
According to the Minister of Labour Soteroula Charalambous, Cyprus has the highest number of foreign EU workers in relation to its population, than any other member state. During the period of 2009 an... Read More
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