Christoforos Pissarides, Nobel laureate economist and head of the National Economy Council of Cyprus said that the situation in the eurozone has become very unsatisfactory and that the single currency should either
The 2014 state budget is focused on the reduction of expenditures, Finance Minister Harris Georgiades told parliament on Thursday, adding that cuts will reach around 10%. Speaking before the plenary session of
The Cypriot economy will continue to contract until 2017, according to the December 2013 forecasts issued by the ‘Big 4’ audit firm EY (formerly Ernst & Young), which notes that hope for
In the period of 2010-2012 the goss domestic product (GDP) per capita expressed, in purchasing power standards (PPS) and the actual individual consumption (AIC) per capita has decreased in Cyprus, while in
President Nicos Anastasiades is paying an official visit to Egypt where he has presented investment opportunities in Cyprus, highlighting recentmeasures taken by the government to attract foreign investment. Speaking at a dinner
* Cyprus at centre of bitcoin blunder; Central Bank says “no coin”, UNic maintains fee payment * The dust had hardly settled from the international bailout that brought the economy and the
Property prices continued to fall in the third quarter, according to the RICS Cyprus Property Price Index, that showed significant reductions in all major urban areas, with sale and rent prices dropping.
The hopes of thousands of Britons that defective powers of attorney (POA) could let them off the hook were dashed last month when the Supreme Court declared that an interim order of
Having experimented with the banks rescue in Cyprus in March, European Parliament and Council Presidency negotiators reached a political agreement Wednesday on the draft bank recovery and resolution directive, the first step
At Lufthansa, the air is heady with the scents of Advent. Passengers both young and old, at the airport or on board, will be lavished with a range of small gifts to
