The price cut in fuel by the end of April is certain, as the Price Negotiations Balance Sheet system (PNBS) does not allow the immediate change in the price of fuel, depending on the fluctuation of...
International agency Moody’s has warned the Cyprus government to restraint state payroll, as “salaries in the public sector have reported the second largest increase following the financial and...
04/04/2003
The growth rate of the European economy for 2003 is not expected to exceed 1% as the ongoing war in Iraq has hit the customers’ and investors’ confidence, said OECD Chief Economist, Jean-Philippe...
02/04/2003
Is there a “banking cartel” in Cyprus between the Bank of Cyprus, the Popular and the Hellenic Bank? Do the three banks cooperate “behind the scenes” and pre-agree on the policy and the services...
02/04/2003
Government spokesman, Kypros Chrysostomides, said that the Cyprus government is examining the possibility of claiming compensation from the US government within the framework of the negative impacts...
31/03/2003
…on government’s supportive measures Finance Minister, Marcos Kyprianou, is currently informing the House Finance Committee “behind closed doors” over the government’s recent supportive measures for...
31/03/2003
Employers and Industrialists Federation (OEB) appealed to the Finance Minister, Marcos Kyprianou, on Friday to raise the recent decision of the Council of Ministers to suspend work permissions to...
28/03/2003
The politico-economical behind-the-scenes activities between Nicosia and Washington seem to grow, as according to StockWatch reliable sources the Cyprus government has unofficially requested...
28/03/2003
The price of oil in international markets rose, adding 6.1% to yesterday’s gains, as the war in Iraq and the civil strife in Nigeria have limited the shipments from the two oil-production countries...
28/03/2003
Finance Ministry announced on Friday that criticisms over the recent supportive measures taken by the government to minimize negative impacts on the Cyprus economy are groundless, stressing that...
28/03/2003