The scheduled meeting of the Finance Minister, Michalis Sarris and the Central Bank Governor, Christodoulos Christodoulou with the House Finance Committee at the Finance Ministry has been postponed...
According to CYSTAT data released on Thursday, producer prices in November 2006 recorded an increase of 3.8% to 124.1 points against 119.5 points in the corresponding month of 2005. The largest...
The Council of Ministers approved on Wednesday an increase of 1% in the salaries of the public employees and the pensions of the pensioners in the public sector. VAT The Council of Ministers also...
Cyprus ranks 14th among the EU25 on GDP per capita. For comparison purposes, we use the term “purchasing power parities or PPP. According to Eurostat revised data released recently, the GDP per...
The European Commission decided to pursue infringement procedures against nine member states - including Cyprus – for failure to implement certain internal market directives in national law. The...
At the meeting held on Tuesday, the Board of Directors of Cyprus Chamber of Commerce and Industry declared 2007 as the “year of the euro” in view of the monetary change. The Board of Directors...
In its latest report for Cyprus, the Economist Intelligence Unit (EIU) revised up its estimates for growth in 2006 from 3.5% to 3.8%. Growth will slow to 3.6% in 2007 and will rise to 3.8% in 2008...
The third draft of the bill on the adoption of the euro prepared by the Finance Ministry is already before the European Central Bank. The bill refers to the provisions on the period of the...
The Central Bank of Cyprus and the National Bank of Serbia signed a Memorandum of Cooperation recently to strengthen their bilateral ties in supervising credit institutions. The Memorandum of...
President of the Republic, Tassos Papadopoulos urged the Chinese businessmen to register their companies in Cyprus due to the country’s lowest corporate tax in the EU. In his statements to the...