Finance Minister, Charilaos Stavrakis insists that Cyprus’s economy will not be affected by the credit crunch and will continue to growth. If he wins the bet, the government will manage to adopt a...
The state budget for 2009 is higher by 9.5%. The Ministries will receive €714.5 million more than this year, with their total expenditure reaching €8254.7 million. The Agriculture and Interior...
The major issues in today’s financial press are the additional cost of borrowing due to the crisis in the markets and the approval of the state budget 2009. The “Economy” inset of newspaper “...
The Securities and Exchange Commission requested the CFIs on Wednesday to inform the Commission whether they had any exposures with Lehman Brothers. According to the circular, the SEC requested the...
Commercial General Insurance Ltd has reached an agreement with the Greek insurance company EFG Eurolife General Insurance SA for the disposal to the latter of its wholly owned subsidiary in Greece,...
The Council of Ministers approved on Wednesday the state budget for 2009. After the end of the meeting, Finance Minister, Charilaos Stavrakis stated that the budget is based on two keynotes: the...
“The Council of Ministers decided on Wednesday to address to the European Union for the €67.5 million, which will be granted to the farmers and the cattle breeders”, Government Spokesman, Stephanos...
Cyprus Airways announced on Wednesday that it accepted the Labour Ministry’s conciliatory proposal, which provides for the restoration of the pay rises for 2009 and 2010. According to the...
According to Eurostat data released on Wednesday, trade deficit in Cyprus in the first six months of 2008 stood at €2.9 billion compared to €2.4 billion in January – June 2007. Specifically,...
Fed’s decision to grant a loan of $85 billion to the insurance giant AIG affected the European stock markets. Despite their positive opening after two days of strong pressure, most European indices...