A new conflict has emerged between the government and the opposition due to the different views on the island’s accession in the EMU. DISY MP, Averof Neophytou said that his party would like to have...
Four years after DIKO’s victory in the presidential election, DIKO MP, Nicolas Papadopoulos talks about the reforms that never occurred and submits certain proposals for the course of the government’...
According to Eurostat data released on Tuesday, Cyprus’ GDP in the fourth quarter of 2006 grew by 3.6% compared to the corresponding period of 2005. Seasonally adjusted GDP rose by 3.3% in the...
According to CYSTAT data released on Wednesday, the public revenues in 2006 showed an increase of 10% to £3,600.0 0 million against £3,273.77 million in 2005, while public expenditure put on 7.4% to...
Speaking to Parliament, DIKO MP, Nicholas Papadopoulos said that it is a mistake to believe that the good condition of economy will remain as it is, if the government isn’t careful. Criticizing...
Cyprus ranks 14th among the EU25 on GDP per capita. For comparison purposes, we use the term “purchasing power parities or PPP. According to Eurostat revised data released recently, the GDP per...
According to official data released recently, the total capitalizations of the banks are 65% of the country’s GDP, reaching €8.7 billion or £5.02 billion. The total capitalization of the Cyprus...
The revised Conference Program that Cyprus submitted to the European Commission focuses on the fiscal consolidation that started in 2004. The Program refers to the consolidation of the public...
According to Finance Ministry data released recently, the public finances in the first nine months of 2006 have showed improvement. The budget balance showed a surplus of £3 million (0.04% of GDP)...
According to latest Finance Ministry figures, the public finances in the first eight months of 2006 have deteriorated. Specifically, the public spending increased by 6.7% and the public revenues by...