Highly indebted European countries remain exposed to shocks The benefits of fiscal stimulus in Europe Highly indebted European countries remain exposed to shocks ANALYSIS In the most indebted countries in the European Union, public debt ratios have stabilised, their fiscal deficits have declined, the EU current account balance is in surplus, and growth has returned.
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate & Project Managers I would like to refer to a few examples of the mess in the Cyprus real estate sector that is derived, in my view, from the incompetent civil service and to some extent the indifferent government. Let us
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The first half trade deficit for Cyprus expanded by 43% to EUR 2.20 bln, from EUR1.54 bln in the January-June period of 2015, according to the Statistical Service Cystat. Total imports in January-June 2016 amounted to EUR 2.99 bln, compared to EUR 2.55 bln in January-June 2015, an increase of EUR 454 mln. Imports
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Developments on the Cyprus problem and the Cyprus-Russia bilateral relations were discussed during President Nicos Anastasiades’ meeting with Russian Foreign Minister Sergey Lavrov in New York on Tuesday, on the sidelines of the UN General Assembly. Lavrov said the two also reviwed a number of issues agreed during Anastasiades’ visit to Moscow, according to
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Smoking and drinking among 15 and 16-year-old students in the EU are showing signs of decline, but there are concerns over challenges posed by new drugs and new addictive behaviours. And while overall illicit drug use is stable in this group after previous increases (1995–2003), it continues at high levels. These are among the
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Transport Minister Marios Demetriades said that speed cameras and coordinated traffic light systems will come into force ‘gradually’ in 2017, which will help reduce road accidents and fatalities. Speaking on the occasion of Mobility Week on September 16-22, Demetriades said that three people are injured or killed daily in road accidents in Cyprus, adding
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. By George Theocharides The first long-awaited upgrade of the Cyprus economy by the rating agencies for this Fall has finally arrived with the recent upgrade from S&P by one notch (from BB- to BB). Now, we are only two notches away from the investment-grade (IG) market, which is a far cry from the
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The economy is in a positive momentum, having succeeded significant levels of recovery, but this must not lead to complacency, Finance Minister Harris Georghiades told the annual meeting of PwC Cyprus, one of the Big Four audit and advisory firms on the island. At the same event, Bank of Cyprus CEO John Hourican said
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. The Risk Watch Column By Dr Alan Waring Life, liberty and the pursuit of happiness are fundamental to a democratic society. The American constitution cites these fundamentals explicitly, but they are implicit to all democratic societies. Democratic freedoms naturally threaten the very existence of dictatorships, totalitarian states and pseudo-democracies, as well as putative states
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. The government has announced the international architectural competition for the new Cyprus Museum, a project long overdue and most necessary amid efforts to preserve our heritage and attract quality tourism. As expected, the government has also pounced on the opportunity to declare that the new museum was part of the current administration’s development plan
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