Finance Minister, Charilaos Stavrakis revised negatively on Friday the Ministry’s initial forecast for the GDP growth, the third in the past four months. At a press conference held today, Mr....
President of the Republic, Demetris Christofias stated on Thursday that the phenomena of mismanagement and bureaucracy hit the institutions of the country. “I regret to say that the latest...
08/01/2009
Commerce Minister, Antonis Paschalides confirmed on Thursday the freezing of the money market, reiterating that the government promotes development projects to deal with the anticipated slowdown in...
08/01/2009
The Social Securities pensions recorded an increase of 4.49% on the main part and of 4.50% on the supplementary part as from January 1, 2009. According to the relevant announcement, following the...
08/01/2009
The companies decided to cut their advertising budgets in 2009 as a result of the anticipated recession. The advertising circles support that the turnover will shrink significantly this year,...
07/01/2009
According to Eurostat data released today, industrial producer prices in Cyprus exceeded the EU average, surging 9.6% in November. The EU average stood at 4.1%. In November 2008 compared with...
07/01/2009
DISY Vice President, Averof Neophytou stated on Wednesday that the government is responsible for its inability to deal with the impacts from the global crisis. According to CNA, invited to comment...
07/01/2009
Finance Minister, Charilaos Stavrakis admitted on Monday that there were several bad communication handlings in relation to the issues emerged with Central Bank but stressed that the cooperation with...
05/01/2009
The competent state authorities battle against time and bureaucracy to hasten the existing public works and to promote a number of big and small projects included in the support plan of €40 million...
19/12/2008
The Central Bank of Cyprus anticipates a two-year recession, stressing that the growth rate will reach 2% in 2009 and 2.5% in 2010, the lowest since 2003. In the “Economic Bulletin” for December,...
12/12/2008