Tag: economic crisis
Cyprus Attorney General’s office to buy 600000eu server
According to an article in today’s issue of Phileleftheros newspaper, the Attorney General’s office is planning to purchase a server which will cost more than 600,000 euro in order to anal... Read More
600 employees to leave CYTA within a year
CYTA (Cyprus Telecommunications Authority) and EAC (Electricity Authority of Cyprus) are the first two semi-government organisations that will be privatized. In order to make the organisations more ef... Read More
1+ billion euro in losses for Bank of Cyprus due to Greek debt
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%
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 faces record high unemployment rate
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