The Bank of Cyprus announced that its losses after tax amounted to 1.371 bln euros for 2011, following the impairment of Greek Government Bonds by 74%, according to the Bank’s final audited
The government remains committed to the target it has set to bring its deficit down to 2.5% in 2012, a Ministry of Finance Press release, issued here today, reads. Commenting on figures
While most attention in the gadget world is on the breakneck pace of innovation in mobile phones, tablets and computers, another device has resolutely refused to die: the camera. Despite the onslaught
Turkish Cypriot newspaper Havadis reported on Monday that Turkey’s exports to the southern part of Cyprus rose by 400% in the first three months of the year to USD 2.7 mln, from
The industrial turnover index rose by 1.5% in January compared to January 2011. However, the manufacturing subindex fell by 6.4% in the same period. The increase came from energy (up 29.5%0 and
Inflation in construction materials eased in March, rising by 1.7% over the year earlier, having increased by 2.4% in February and 2.8% in January. In 2011 prices rose by 2.7%. The main
The official budget deficit (accruals basis) in 2011 has been officially recorded at EUR 1,118.9 mln or 6.3% of GDP, according to the latest figures from the Statistical Service, compared with 5.3%
Cyprus finance minister Vassos Shiarly said about 1.5 bln euros ($2 bln) may be needed to recapitalise the island's banking system, and this was likely to be restricted to just one bank.
Turkish Cypriot newspaper Havadis reported on Monday that Turkey’s exports to the southern part of Cyprus rose by 400% in the first three months of the year to USD 2.7 mln, from
The budget deficit stabilised in the first two months of the year, reaching EUR 202.6 mln, or 1.1% of (presumably) quarterly GDP according to the Ministry of Finance, compared with EUR 199.8
