Transport Minister, Nicos Nicolaides expressed the government’s decisiveness to support the tourist sector, in his speech at the 31st annual hotel conference of PASYXE in Nicosia. According to CNA...
Commerce Minister, Antonis Paschalides gave instructions today for the introduction of an observatory for the basic goods. This is what Mr. Paschalides said within the framework of the annual PASYXE...
The slowdown in GDP growth will be intensified in the second half of 2009, Finance Minister stated on Wednesday. Mr. Stavrakis said that the growth rate of the first quarter will reach 2% due to the...
Business activity is under strong pressure in the past few months and the government is exceptionally concerned about the depth and the duration of the crisis. The ongoing inflow of negative figures...
The government announced on Friday the appointment of a project manager for the enforcement of the measures for the support of the island’s economy, in an effort to boost the coordination of the...
CYTA and EAC are expected to pay nearly €60 million for the pensions of their 4700 employees in 2008. According to information collected by StockWatch, the pension cost that the two semi-...
Fiscal deficit is expected to exceed 2% of GDP in 2009, after the new measures of €300 million announced by the government on Tuesday. In his statements to StockWatch, Finance Minister, Charilaos...
Commenting on Bank of Cyprus’ results, the analysts focused on its failure to achieve the target of profits of €540 million for 2008. Eurobank Securities referred to the weak recurring profits,...
Industrial producer prices in Cyprus in December 2008 recoded the highest increase in EU27, showing the big competitiveness problems that the Cypriot industrialists and exporters will face....
Finance Minister, Charilaos Stavrakis stated on Monday that 2010 might be more difficult that 2009 and stressed the need to maintain fiscal balance so that the government secures cheaper borrowing in...