Cyprus Finance Minister presents 2009 budget: Tough year predicted

Cypriot Finance Minister Charilaos Stavrakis presented last Thursday to the House of Representatives the 2009 state budget, ahead of a ''difficult year'' in the wake of a prolonged...

Cyprus electricity market to be liberalised

The production and supply of electricity will be opened up to private industry with effect from January 1, 2009 as Cyprus gradually frees up its energy market, Commerce Minister Antonis Paschalides sa...

Cabinet appoints new members to Cyprus Central Bank Board

The Cabint appointed three new members to the board of the Central Bank, Government Spokesman Stefanos Stefanou announced. Stefanou said that on the recommendation of the Finance Minister, the cabinet...

Cyprus government to offer notebooks for gymnasium students

The government of Cyprus has decided to offer to all students enrolled at gymnasiums a budget of EUR 350 per student to purchase notebooks. Education Minister Andreas Demetriou believes that because t...

CSE profits fall 20% in 9M 2008

The combined profits of the companies listed on the CSE Main Market tumbled by 20% in the first nine months of this year to EUR 825.74 mln from EUR 1.06 bln in the same period a year ago, according to...