Bank of England policymakers calmed market expectations of early interest rate rises, saying that they wanted to avoid a marked economic slowdown which might pull the inflation rate below target. While several
Investments by members of the British Private Equity and Venture Capital Association (BVCA) rose by more than a third in 2007, a report by the trade body and PricewaterhouseCoopers LLP showed on
A delegation of the Cyprus Chamber of Commerce and Industry (KEVE), headed by its president Manthos Mavrommatis, departed for Iran on Thursday. The delegation comprises businesspeople active in the construction and finance
The economy of Cyprus is expected to grow between 3.5% to 3.7% in 2008, according to Finance Minister Charilaos Stavrakis. “Under the current circumstances, the rate of economic growth is considered satisfactory,
The FIA World Motorsport Council confirmed in Paris on Wednesday morning that the Cyprus Rally will return to the World Rally Championship (WRC) circuit next year. The 2009 FIA Cyprus Rally will
Primetel Plc announced that its initial public offering (IPO) for 14,352,000 new shares held between 9 and 18 June 2008 at the price of EUR0.36 per share has been covered by 1.92
Left wing AKEL has decided to vote against the Lisbon Treaty a week before the debate at the House of Representatives Plenary which is expected to approve the Treaty. As Cyprus is
The Central Bank of Cyprus announced the results of the auction held on 23 June 2008, of up to EUR 100 mln 4.50% Government Registered Development Stock (GRDS) with maturity of 5
The Ministry of Labour and Social Insurance is recommending new measures aimed at supporting the viability of the Social Insurance Fund (SIF) up to 2050. Some of the suggestions are as follows:
Bank of Cyprus has changed its base rate from 4.5% in effect since April 24 to 5.0%, effective as of 23 June 2008. The decision was taken following an evaluation of the
