The state payroll will be burdened with the amount of £10 million due to the price hike in fuel, Finance Minister, Makis Keravnos stated on Monday after the presentation of the Finance Ministry’s two...
The CSE bubble in 1999 is still haunting the life insurance sector. Five years after the slump, the annual net premiums for 2004 dropped from £154.9 million to £154.3 million. The insurer’s haste...
Finance Minister, Makis Keravnos stated on Thursday that the government is not expected to cut the consumer tax on fuel. Invited to comment on latest reports for further price hikes in fuel, Mr....
The revaluation of the Cyprus pound - last seen in December 2002 - has not only been reversed after the unexpected interest rate cut on June 9 but has been even strengthened, reaching almost the 2.25...
In the past five years, the commercial banks were enforced to write off loans of £171 million after their failure to regain them within the specific period of time, StockWatch sources revealed on...
The improvement in bank results and the maintenance of the construction activity at high level in the past two years have boosted the island’s economy significantly. According to CYSTAT data, the...
The impressive increase in tax revenues led to a fiscal surplus of £113.8 million in the first quarter of 2005 against a deficit of £48.9 million in the corresponding period of 2004. The surplus...
The Cyprus pound hit a new high on Friday, continuing its revaluation against the euro, despite the drop in the interest rates. The euro fell to £0.5740, three points lower than yesterday and has...
The Cyprus Chamber of Commerce and Industry (CCCI) requested on Friday measures to improve the business climate “so as to take advantage of the idle capital of economy”. In its announcement released...
Fund managers are in search of better yields, one day after the cut in interest rates by the Central Bank of Cyprus. The hasty convergence of the Cyprus interest rates with the European has raised...