The Central Bank of Cyprus said that the forecasts for a marginal growth rate of the economy in 2010 are over-optimistic. In his report to the Parliament, CB Governor, Athanasios Orphanides withered...
The public debt seems to be like a time bomb ready to explode, threatening the dreams for prosperity and growth of the next generations. Two years after winning the elections, the government has to...
22/03/2010
The government spent €33 thousand for the repair of the President’s limo, before buying a new one that cost €38.5 thousand. According to the government, the repeated appeals to the Revisionary...
19/03/2010
The Pancyprian Public Employees Trade Union (PASYDY) urged the 54 thousand public employees to protest against the fiscal consolidation measures announced by the government. According to its...
19/03/2010
The Parliament’s discontent on the condition in the semi-governmental organizations was not enough to avert the approval of their budgets. The examination of their budgets by the House Finance...
18/03/2010
President of the Republic, Demetris Christofias urged all – and especially the public employees – to face the structural measures of the economy, the high state expenditure and the high state payroll...
17/03/2010
The Finance Ministry’s forecast that this year’s deficit will reach 7% of GDP is optimistic, according to a confidential letter of Minister Charilaos Stavrakis to the President of the Republic. The...
16/03/2010
The Commerce Minister announced today the second invitation for the submission of proposals within the framework of the Subsidies Plan for the Strengthening of Competitiveness of the SMEs in the...
11/03/2010
The hole in the state coffers from the economic recession becomes deeper and deeper and Cyprus has to face the biggest deficit of the past decades. The latest figures show that the state revenues...
11/03/2010
DISY President, Nicos Anastasiades stated on Wednesday that it is the President of the Republic, Demetris Christofias who has to secure the support of the opposition for the fiscal consolidation...
10/03/2010