Left-wing party AKEL expressed its strong disagreement on Wednesday on the measures of the Convergence Program submitted to the EU, as well as other measures of fiscal consolidation announced by the...
The Convergence Program presented to Parliament by the Finance Minister on Monday is largely based on the increase in revenues and less in the cutback of expenditure. According to the Program, the...
22/06/2004
The Convergence Program submitted to the European Union on May 25, 2004 provides for the drop of fiscal deficit to 5.2% of GDP in 2004 (from 6.3% in 2003), 2.9% in 2005, 2.2% in 2006 and 1.6% in 2007...
21/06/2004
The government, the sole shareholder of CYTA and EAC, announced its intention to adopt a dividend policy for the two semi-state organizations. Their Boards of Directors have been called to submit a...
16/06/2004
The government has still as its main aim to enter the EMU in 2007, Finance Minister, Makis Keravnos stated on Friday. Mr. Keravnos explained that there is a need to consolidate the fiscals...
11/06/2004
The Cyprus accession in the EMU in 2007 is still our aim, Finance Minister, Makis Keravnos told CyBC on Wednesday. “The present and the former governments have submitted 3 economic programs that have...
09/06/2004
Cyprus will possibly not enjoy the EU funds for the Target 1 programs due to its high GDP per capita, sources told StockWatch on Friday. According to Eurostat data released on Thursday, the GDP...
04/06/2004
The consent of the governmental parties to the government’s measures for fiscal consolidation is possible but not ensured so long as the proposals remain unknown to them. Eight days after the...
02/06/2004
A recent Finance Ministry confidential report on economy left the possibility open that the fiscal deficit might reach 6.9% of GDP in 2004 against 6.3% in 2003 (Finance Ministry estimates at 4.2% of...
01/06/2004
If we fail to reduce fiscal deficit to 3% in 2005, the EU will set a number of measures. Decisions are not taken by Cyprus, but from the EU, Finance Minister, Makis Keravnos said on Friday. On...
28/05/2004