The political parties welcomed the Finance Ministry’s decision to increase the guarantee of the bank deposits. DISY Deputy President, Averof Neophytou stated that this move shows that the state is...
Within the framework of a press conference in the presence of MP, Nicos Katsourides, MP Stavros Evagorou said that after the Central Bank’ announcement, which ensured that no bank faces problems in...
08/10/2008
The international credit crunch becomes bigger and bigger, despite the approval of the bailout plan by the US House of Representatives on Friday. The strong majority (263-171) was not enough to...
06/10/2008
The government’s efforts to attract Chinese businessmen in Cyprus have mounted. Therefore, a delegation of Chinese entrepreneurs accompanied by the Chinese Ambassador to Cyprus, Zhao Yali, had a...
03/10/2008
The government supports that it has €2 billion at its disposal to strengthen the banking system if financial conditions deteriorate. According to Finance Minister, Charilaos Stavrakis, this sum has...
02/10/2008
During its last meeting, SEK examined a number of pending issues and urged the government to find the proper solutions. The trade union urged the Labour Ministry to hasten the deliberations for the...
26/09/2008
The Cyprus Tourism Organization prepared an action plan against the crisis in the banking sector. The plan will be submitted to its Board of Directors on September 30 and will be presented to...
26/09/2008
Finance Minister, Charilaos Stavrakis stated on Friday that property prices will go through a phase of correction, boosting beliefs that the sector is simply facing a crisis. “Normally, property...
26/09/2008
DISY Vice President, Averof Neophytou referred once again to Central Bank’s gold stocks. In a written statement, Mr. Neophytou said that the injections by the regulatory authorities for the...
25/09/2008
DISY Vice President, Averof Neophytou stated on Wednesday that the amounts announced so far as investments in US companies that collapsed don’t seem to be a problem. Mr. Neophytou expressed his...
24/09/2008