. With just five months left to the end of the present term and the next elections, President Anastasiades’ campaign team is in full swing, announcing funding for much-needed infrastructure projects that took their time to arrive. This week’s pledge was to the tune of EUR 35 mln for roads, schools and other
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. By George Theocharides Five years have nearly passed since the banking crisis of March 2013 and we are getting close now to the next presidential elections. This is a good time, I believe, to step back and review the economic management of the last five years. What is the current state of the
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Property Valuers, Property Consultants & Estate Agents Notwithstanding our 36 years of operation in real estate in Cyprus and with numerous development projects in our CV, it is only recently that our office got involved directly ourselves to follow the issue of
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Economic sentiment in Cyprus deteriorated in August as the Economic Sentiment Indicator compiled by the University of Cyprus (ESICypERC) decreased by 7 points compared with July, to the same level in September last year. The decline resulted mainly from the weakening of business confidence in services. The deterioration in economic confidence in construction and
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The number of unemployed persons, registered at the District Labour Offices on the last day of August, totalled 31,003, the lowest level for that month in the past five years, according to the Statistical Service Cystat. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for
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Cyprus Energy Minister Yiorgos Lakkotrypis called for a few more days of patience when asked about the results of an offshore drill by Total and ENI in the Cyprus exclusive economic zone (EEZ). Speaking at the Presidential Palace, after attending a meeting with the boards of the Electricity Authority of Cyprus and the Cyprus
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Finance Minister Harris Georgiades said that he is satisfied with the state of the Cypriot economy, noting that the growth rate in 2017 will reach 3.5%. “The Cypriot economy has been through dramatically difficult conditions” said Georgiades in an interview with the Greek newspaper “Kathimerini”, adding that “ominous” projections have been proven wrong. “We
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The downward trend in lending and deposit rates continued in July, with marginal reductions in borrowing costs for housing and consumer loans. According to data released on Friday by the Central Bank of Cyprus, the interest rate on consumer credit recorded a marginal decrease to 4.22%, compared with 4.23% in the previous month. The
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. By Mona Sukkarieh On June 22, Israel’s Energy Ministry announced that the deadline to place bids in the country’s first offshore licensing round would be pushed back until November 2017. This is the second time the bid round, which opened in November 2016, saw its end date postponed. It was initially programmed to close
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The American International School in Cyprus (AISC) through its parent organisation, Esol Education, announced that its AISC Class of 2017 achieved a 100% pass rate in the IB Diploma results. The highest AISC score was 42 while the average point of 34 out of a possible 45 points placed AISC ahead of the global average
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