The preparation of the revised Convergence Program for 2005-2009, which concerns Cyprus’ political target to achieve a fiscal consolidation and the preparation of the National Plan for the Lisbon...
In its January report for Cyprus, the Economist Intelligence Unit, subsidiary of the Economist, proceeded to a downward revision of its initial estimates for the GDP growth. Specifically, the EIU...
26/01/2006
The House Finance Committee recommended on Tuesday the approval of the state budget for 2006. In his speech at the House of Representatives, Chairman of the Finance Committee and DIKO MP, Aristos...
13/12/2005
According to Finance Ministry data released on Friday, the state revenues recorded an increase of 19.1% in the first ten months of 2005, while the fiscal balance had a surplus of £31.4 million (0.4%...
12/12/2005
The House Finance Committee approved unanimously on Monday 8 amendments of the state budget, House Finance Committee Chairman and DIKO MP, Aristos Chrisostomou stated after the end of the in camera...
05/12/2005
The high fiscal deficits in the past few years have already started to improve and the results of the fiscal discipline are tangible after the island’s entry in ERM II on April 29, 2005, the House...
02/12/2005
During his speech in London on the occasion of the anniversary of the Bank of Cyprus, which celebrates its 50-year presence in the United Kingdom, Finance Minister, Michalis Sarris referred to the...
28/11/2005
Speaking before the House Finance Committee, Central Bank Governor, Christodoulos Christodoulou requested on Thursday the exercise of a state social policy that will not affect the island’s fiscal...
21/11/2005
The House of Representatives approved unanimously on Thursday three supplementary budgets of £104.4 million for the coverage of additional state expenses, contributions, subsidies and the package of...
18/11/2005
The increasing inflow of “foreign” deposits in the commercial banks is about to bring significant changes in the structure of the domestic banking system. The deposits of non-Cyprus residents in...
07/11/2005