The ECOFIN meeting approved on Tuesday the accession of Cyprus and Malta in the EMU on 1/1/2008. “The Council ratified the first step towards the adoption of the euro in Cyprus and Malta”, the...
The euro area Finance Ministers decided unanimously on Monday to propose to the ECOFIN meeting the accession of Cyprus and Malta in the eurozone from January 1, 2008. “I have no doubt that the...
Cyprus has the third lowest unemployment rate among the EU member states in April. According to Eurostat data released on Friday, the unemployment rate in Cyprus declined to 4.4% from 4.7%. The...
Italian Undersecretary of Foreign Affairs, Famiano Cruicianelli is currently paying a two-day official visit to Cyprus. During his meeting with the House President, Demetris Christofias, the Italian...
During his visit in Cyprus for official contacts, EU Commissioner for Internal Market and Services, Charlie MacCreevy commented on the labour crisis in National Bank (Cyprus). Speaking after his...
Internal Market and Services EU Commissioner, Charlie McCreevy will visit Cyprus on May 30 at the invitation of Finance Minister, Michalis Sarris. As the CNA reports, the EU Commissioner will meet...
Despite the assurances of the President of the Republic, Tassos Papadopoulos that there will be no price rounding after the adoption of the euro on 1/1/2008, right-wing party DISY criticized the...
Fitch Ratings announced on Tuesday that it intends to upgrade Cyprus’s Foreign Currency Issuer Default Rating to AA- from A+ in July, when the EU Council is expected finally to approve the...
Central Bank Governor, Athanasios Orphanides stated on Monday that the devaluation of the Cyprus pound is not an issue. According to Mr. Orphanides, the Cypriots must be very proud of their currency...
According to a Eurostat survey released recently, Cyprus ranks 7th among the EU member states in the use of innovative activities in the sectors of industry and services. Specifically, the...