New President of Democratic Rally, Averof Neophytou expressed his disagreement with any exceptions from the haircut of uninsured deposits. Speaking within the framework of a press conference, he...
The Parliament launched proceedings against the Central Bank Governor, following a decision taken at the meeting of the party leaders on the potential misinformation or concealment of the mandate of...
10/04/2013
The Finance Ministry is satisfied by the flow of forecasts on the island’s economy by foreign rating agencies. The recent Standard and Poor’s report and the positive revision of the IMF and the...
01/12/2010
The island’s hotel industry goes through rough times; the hotel owners announced that they will proceed with dismissals while hotels in areas such as Polis Chrysohous remain closed in July. The...
30/07/2009
The number of flights and passengers that used the illegal airport of Tymbou recorded an increase in July, August and September 2007. According to figures released by the so-called civil aviation...
10/10/2007
The European Commission approved on Friday an economic aid of €38.1 million euros to encourage the economic growth of the Turkish-Cypriot community. The aid aims to develop the infrastructure in the...
27/10/2006
The replacement of the Turkish lira with the euro as a monetary unit is the major issue in the T/C press on Tuesday. According to the T/C newspapers, the Turkish-Cypriots economists support that...
06/06/2006
The total US aid offered to Cyprus to create a climate that will lead to the reunification of the island will stand at $30 million. After latest reports on the three-year contract of $10 million...
14/07/2005
With the indication “urgent”, the European Commission is expected to discuss the financing of the T/C economic development next week. The proposal concerns the granting of €259 million by 2006 and...
09/09/2004
The T/C growth rate exceeded 5% for the second consecutive year in 2003, while the latest developments in 2004 are a sign of further growth acceleration. According to the “State Planning...
09/07/2004