Bank of Cyprus announced yesterday that according to the preliminary financial results of 2011, it took a hit of about 1.32 billion euro.
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 unemployment rate in Cyprus ...
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 result of the ...
According to the Cyprus Statistical Service, employees of the Cypriot Public Sector earn 30% more than their private sector counterparts.
According an analysis published by Reuters, Cyprus could become the next problem for the euro zone in the long term.
The number unemployed in Cyprus continues to increase according to information made public yesterday by the Statistical Services of Cyprus
This is an excerpt from a very interesting article posted on Financial Mirror about the Cyprus economic competitiveness and the failed attempts being made on promoting the tourist industry.