According to the International Monetary Fund forecasts released on Wednesday, the GDP growth in Cyprus in 2008 will stand at 4%. In its report for the course of global economy, the IMF supports that...
Few months before its accession in the euro area, Cyprus managed to improve its financial indices. According to latest Finance Ministry data, the fiscal balance showed a deficit of £119.9 million (-...
23/03/2007
The political parties demand an increase in social benefits. However, the latest Eurostat data have showed that Cyprus ranks first in tax-to-GDP ratio. According to the figures, the tax revenue in...
21/03/2007
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...
09/03/2007
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’...
07/03/2007
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...
06/03/2007
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...
14/02/2007
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...
21/12/2006
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...
18/12/2006
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...
06/12/2006