Cyprus targets 0.1-0.6% budget surplus

Cypriot Finance Minister Charilaos Stavrakis remains adamant that despite the decline in tax revenue, the country will still manage to report a 0.1-0.6% of GDP budget surplus for 2008, or in numerical

Cypriot MP to attend EMPA Committee meeting

Chairman of the Parliamentary European Affairs Committee Nicos Kleanthous leaves Thursday for Lisbon to attend a meeting of the Committee on Improving Quality of Life, Exchange between Civil Societies and Culture Euro-Mediterranean

Cyprus tax revenue up 1.7% in 1H08

The Cyprus Inland Revenue Department (IRD) announced that tax revenue during the period January -June 2008 increased by 1.7% YoY to EUR 795.2mln. The marginal improvement is primarily attributed to higher revenues

Cyprus Airways to issue shares

The Board of Directors of Cyprus Airways Pcl (CAIR) has decided to proceed with the issue of 20mln shares under a share option scheme offered to CAIR’s employees following approval from the