AKEL and DISY urged the government on Monday to cut the corporate tax of the House Financing Organization from 28% to 10%. On the occasion of the House talks on the HFO budget for 2008, AKEL MP,...
The significant increase in public revenues and the smaller increase in expenditure created a surplus of £306.4 million in the first nine months of the year. According to CYSTAT data released today...
22/11/2007
The budget of the Health Insurance Organization for 2008, which due to the adoption of the General Health Plan showed an increase of £6,032,000, provides for total expenditure of £8,136,513....
21/11/2007
Finance Minister, Michalis Sarris, gave its own answers on Friday to the reactions on behalf of almost all parties that expensiveness reigns in Cyprus. Speaking at a press conference on the...
16/11/2007
According to CYSTAT preliminary data, the GDP growth in the third quarter of 2007 is estimated at 4.3% compared to the corresponding quarter of 2006. This increase is mostly attributable to the...
14/11/2007
Despite the government’s commitments not to submit supplementary budgets, this was not feasible this year either, since the Finance Ministry submitted to Parliament a supplementary budget of £112.1...
05/11/2007
The government deficit in Cyprus in 2006 stood below the EU and euro area average. According to Eurostat data released on Monday, the government deficit fell to 1.2% in 2006 (from 2.4% in 2005). In...
22/10/2007
In its latest report for Cyprus, the Economist Intelligence Unit (EIU) expressed the confidence that the Central Bank of Cyprus will cut its rate by 50 basis points by the end of the year. “We...
09/10/2007
The government is expected to submit a supplementary budget to Parliament in the next few weeks. According to Finance Minister, Michalis Sarris, the budget concerns the reconstruction of the Greek...
05/10/2007
Finance Minister, Michalis Sarris submitted to Parliament on Thursday the State Budget for 2008. In his statements after his meeting with House President, Demetris Christofias, Mr. Sarris said that...
04/10/2007