Two months after the expiry of the fiscal year, the Finance Ministry submitted one of the largest supplementary budgets since 1960. The budget reached £95 million and concerns regular expenditure,...
If the Cyprus pound gets closer to the +/-2.25% band, we should expect a new rate cut, Central Bank Governor, Christodoulos Christodoulou said. In his interview to the “Economy” inset of newspaper ‘...
31/10/2005
The Inland Revenue Department revenues for the first nine months of 2005 recorded an increase of 8.9%. According to IRD data released on Thursday, the revenues in January-September 2005 reached £450...
27/10/2005
In the past few months, banks have put a stifling pressure on customers that do not pay their loan installments on time in order to deal with the upcoming challenges from the introduction of stricter...
27/10/2005
The VAT revenues for the first nine months of 2005 recorded an increase of 14.5% to £550.6 million against £480.5 million in 2004, official data showed. The additional VAT revenues correspond to 1%...
20/10/2005
In the second package of measures to be announced by the government soon, the employers’ associations expect that the latter will include measures for the restriction of the energy cost in businesses...
18/10/2005
Cyprus President, Tassos Papadopoulos did not exclude the possibility on Thursday that the government adopts certain measures recommended by AKEL early this week. In his first statements after the...
13/10/2005
According to July data, the surplus of £50 million or 0.64% of GDP of the fiscal balance in the first half of 2005 has been converted into a deficit of £47 million or 0.61% of GDP. Despite the sharp...
10/10/2005
The ongoing oil crisis led to a number of revisions of the anticipated growth rate in Cyprus. After the Finance Ministry, foreign analysts proceeded to a revision of their forecasts, since they...
07/10/2005
According to a StockWatch survey carried out recently, the loan of £3 billion allocated by the Social Securities Fund to the state equals to a deposit of few thousands of pounds in a commercial bank...
28/09/2005