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 in December 2011 was 9.3%, up from 6.1%, the rate of December 2010. This was the largest recorded increase after […]
A euro fine per day per 100 euro owed.
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 continuing deterioration of the economic conditions in Cyprus, the uncertainty about its future and the inability of the government to […]
Politics aside, the report gives some very interesting figures on other subjects that affect us all. Read the article for details.
As a result of the riots in the Arab world the prices of oil have increased in the international markets by 10%
A very interesting article in Cyprus Mail explaining why Cyprus economy can only become competitive again by either cutting down on public payroll spending or by investing on research and technology.
A wave of industrial action aimed at blocking Ankara’s economic austerity measures is underway in the north (cyprus-mail.com)