The recent auction of bonds with the sharp drop in their yields is a positive development, Finance Minister, Makis Keravnos said on Friday. On his statements after the meeting in the Public...
The auction of the government bonds held on Wednesday proved to be a pleasant surprise for the Finance Ministry. According Central Bank data, the yield of the 2-year State Nominal Bonds dropped by...
24/09/2004
In its latest report for Cyprus, the Economist Intelligence Unit foresees that domestic interest rates will increase to 6% before the end of the year. In an effort to evaluate the announcement of...
23/09/2004
According to JCC data released on Thursday, the use of credit cards in August recorded a slow down. Specifically, the number and value of credit card transactions by Cypriots increased by 8% in...
23/09/2004
Right-wing party DISY expressed its concerns on Tuesday on the enforcement of the targets included in the Convergence Program. At a press conference held today, Finance Commissioner and DISY Vice...
21/09/2004
The government’s decision to submit a conciliatory proposal within the framework of the negotiations for the renewal of the union contracts in CYTA, which provides for zero pay rises in 2004 and 2005...
21/09/2004
The allocation of pay rises to the semi-governmental organizations is not a retreat from the government’s stance on the full adoption of the Convergence Program, Finance Minister, Makis Keravnos said...
20/09/2004
The allocation of a dividend by the banks for 2004 is possible, Central Bank Governor, Christodoulos Christodoulou said on Thursday. On his statements to StockWatch, Mr. Christodoulou said that the...
16/09/2004
The state budget for 2005, which was unanimously approved by the Council of Ministers on Tuesday, provides for total revenues of £2.7 billion and total expenditure of £3.5 billion. The fiscal...
15/09/2004
The maintenance of a high growth rate in the second half of 2004 is dubious, economists say. Despite the pleasant surprise in the second quarter of 2004 (growth rate increased by 4.1%), a similar...
13/09/2004