EIB signs €50 mln deal with Cyprus Co-op bank

The European Investment Bank has signed a EUR 50 mln agreement with the Co-operative Central Bank for financing small and medium-sized enterprises in Cyprus. The EIB increased its total lending volu...

Cyprus inflation nears 3% in February

Consumer price inflation in Cyprus continues to accelerate, with inflation reaching nearly 3% in February. According to the consumer price index, prices rose 2.9% over the same month of the previous...

Cyprus jobless rise, but at a slower pace in February

Unemployment continued to rise in February but at a slower pace than in previous months, according to the latest data from the Statistical Service. The number of unemployed registered at the Distric...

Cyprus tourism down again by 2.4% in February

Tourism arrivals dropped over the same period of 2009 by 2.4% in February to 55,250, compared with 56,626 in February 2009. This was the same pace of decline recorded in January, although one consol...

Turkish Cypriots spent EUR 2.5 mln in the south in Jan-Feb

Turkish Cypriots spent EUR 2.5 mln using credit and debit cards in the southern part of Cyprus during the first two months of the year, according to data from the credit card company JCC. In February ...