The European Commission believes that the Cyprus government must focus on the reform of the health system. In its annual report on the Progress of Lisbon Strategy, the EC said that “alongside this,...
The Securities and Exchange Commission announced on Thursday the suspension of the operational license of Sharelink for 15 days for possible violation of regulations concerning the protection of its...
The European Commission decided yesterday to grant €20 million to Cyprus and Malta as part of a 5 billion euro investment in the EU’s energy, internet broadband infrastructure and Common Agricultural...
Finance Minister, Charilaos Stavrakis did not exclude the possibility of granting state guarantees to the banks so that borrowers enjoy the benefits from the strengthening of their liquidity. “If we...
The Council of Ministers decided on Thursday to approve a plan for the allocation of a monthly benefit of €350 to paraplegic persons. According to the CNA, in his statements after the end of the...
The major issues in today’s financial press are the statements of the President of the Republic, Demetris Christofias on the growth rate and CYSTAT’s data on tourist revenues in 2008. The “Economy...
Central Bank Governor, Athanasios Orphanides stressed the need for certain measures to improve the credit market and to strengthen liquidity to the benefit of the private sector. During an event in...
According to CYSTAT data released on Wednesday, construction activity in free Famagusta and Nicosia will slow down in the next few months. On the other hand, Paphos, Larnaca and Limassol are the...
“We will cut the lending rates as soon as all banks will”, Coop Governor, Erotokritos Chlorakiotis stated on Wednesday, after his meeting with Commerce Minister, Antonis Paschalides. “We are not...
Tourist arrivals and revenues fell in 2008, while 2009 will be a tough year for the sector. According to CYSTAT data released on Wednesday, tourist revenues in January – December 2008 fell 3.5% to €...