Cypriot Economy

  • Thursday, 29 November 2007

    Cypriot wage reforms urged

    By Stelios Orphanides - Reuters

    NICOSIA – Central bankers have stirred controversy in Cyprus by urging the island to overhaul a complex wage indexation system blamed for fanning inflation.

  • Tuesday, 9 October 2007

    Cyprus bank keeps rates unchanged at 4.5 pct, despite fears of economy overheating

    NICOSIA (Reuters) - Cyprus's central bank kept interest rates unchanged yesterday, even though an acceleration in inflation and record credit growth pointed to an overheating economy.

    Less than three months before adoption of the euro on January 1, 2008, the key refinancing rate remained at 4.5 percent, 50 basis points above the euro equivalent.

  • Wednesday, 30 May 2007

    Cypros Economy

    Economy of Cyprus

    Economic affairs in Cyprus are dominated by the division of the country into the southern area controlled by the Cyprus Government


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