The CSE general index finished 1% weaker at 80.2 points on Monday, pressured by the negative climate worldwide, the increase in the price of oil and the uncertainty on the Cyprus economy. The...
The imposition of VAT on properties and the increase in the cost of the construction materials will reduce, if not eliminate, the margin of profit of the land development companies, Chairman of the...
17/05/2004
The major issues in today’s financial press are the government’s intention to increase the VAT by 3%, the government’s measures to reduce fiscal deficit and the impacts on the property prices from...
17/05/2004
Commerce Minister Giorgos Lillikas and Greek Development Minister, Demetris Sioufas signed on Friday an oil reserve agreement, which provides for the storage of oil reserves for Cyprus in Greece....
14/05/2004
The imposition of price increases in fuel is just a matter of time after the agreement between the Commerce Ministry and the fuel companies’ representatives for the abolition of the PNBS. The good...
14/05/2004
The CSE general index fell 0.3% to 81 points on Friday, with the Bank of Cyprus and the Popular Bank remaining unchanged at £1.50 and £1.21 and attracting 25% and 17.8% of investors’ interest...
14/05/2004
The termination of the T/C economic isolation seems to be already a fact, after the visit of the T/C ‘Premier’ Mehmet Ali Talat in the United States and the promises that he received for the lifting...
14/05/2004
The major issues in today’s financial press are the price hike in fuel, the government’s effort to restraint fiscal deficit, the tax amnesty and the secret accounts and the start of the pre-election...
14/05/2004
The Ministry of Commerce and the fuel companies will meet again on Friday to find a solution for the coverage of the deficit of the PNBS system. During the two-hour meeting held on Thursday, the...
13/05/2004
Greek Development Minister, Demetris Sioufas started its two-day official visit to Cyprus on Thursday. On his arrival to the Larnaca Airport, Mr. Sioufas assured that the Greek government and the...
13/05/2004