Tamim Iqbal drives through the offside during the 2nd ODI between Bangladesh and Zimbabwe at Chittagong on Sunday. Bangladesh won by 68 runs.

Tourism helps to contain Cyprus’s economic recession

Xinhua, Nicosia :Increased tourism arrivals have helped the recession of the crisis-stricken economy of Cyprus to considerably slow down in the second quarter this year, according to statistics released Wednesday.The Statistics Service of the eastern Mediterranean island reported a seasonably adjusted 0.3 percent shrinkage of GDP in the April-June period from the first quarter.The year-on-year second quarter contraction of the economy was 2.3 percent compared with a 3.9 drop for the first quarter.Strong performance by the tourist sector, which marked...

5 Sep 2014, 12:00 am