Well within Maastricht ceiling According to preliminary data the general government budget deficit in 2005, compiled in accordance to E.U concepts and definitions, amounted to CYP 185.6 mln in 2005, or 2.4% of GDP. The deficit was therefore well within the Maastricht criterion of a deficit of less than 3% of GDP. Total revenue rose

Data from the Statistical Servce Cystat on the turnover value of services show an upward trend in the third quarter of 2005, as the number of service categories which accelerated just oustripped those which slowed or declined. The fastest rising category by value in the third quarter was “investigation and security activities”, which rose by

The government has already picked some sites for the Technological University due to open in September 2007 and is in the process of selecting others, according to the Minister of Education and Culture Pefkios Georgiades, speaking after a meeting on Wednesday with President Tassos Papadopoulos on Wednesday. The first faculties of the new Technological University

The Board of Directors of CA Papaellinas (CAP) approved the final 2005 results and proposed to the AGM a dividend payment of 1.2 cent per share to its shareholders and the option of a dividend reinvestment scheme. The dividend level is at the same level as in 2004 and based on current prices gives a

Revenue from tourism declined 1.7% in February, but total receipts during the first two months show a moderate increase compared to the sharp decline in number of arrivals. Revenue from tourism reached CYP 23.1 mln in February 2006 compared to CYP 23.5 mln in the corresponding month of the previous year, recording a decrease of