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...
Few days before the submission of the Budget 2006 to Parliament, a Finance Ministry memo outlines the impacts of the energy crisis on the island, differentiating the macroeconomic forecasts for both...
23/09/2005
In its latest review for Cyprus, the Economist Intelligence Unit expects the deficit to be about 2.6% of GDP in 2005 against 2.8%. Its revised forecasts are based on the encouraging surplus in the...
12/09/2005
The sharp increase in the price of crude oil at $70 per barrel has led to the downward revision of the official forecasts for the future growth rate and inflation. The vast majority of analysts that...
02/09/2005
The banking sector becomes more and more important for the Cyprus economy. According to CYSTAT data released on Thursday, the banking sector contributed £378 million to the Cyprus GDP in 2004,...
21/07/2005
The International Monetary Fund, which attended the meeting of the House Audit Committee on Wednesday, recommended the active involvement of the citizens in the observation of the public spending....
25/05/2005
The 25 EU leaders ratified on Wednesday the ECOFIN agreement for the reformation of the Stability and Growth Pact. The fiscal targets for a deficit below 3% and a debt below 60% of GDP have not...
24/03/2005
The growth rate of the Cyprus economy accelerated in 2004. According to CYSTAT data released on Friday, the gross domestic product grew by 3.7% in 2004, which is almost double than the growth rate...
18/03/2005
The appointment of managers at the CTO offices abroad with an annual cost of £60 thousand will no longer exist. In his interview to StockWatch, CTO Chairman, Fotis Fotiou said that the Tourism...
09/02/2005
Inflationary pressures might lead to a higher cost of borrowing in the next two years, the Economist Intelligence Unit reported, in its first monthly report for Cyprus in 2005. The EIU anticipates...
28/01/2005