The rate of growth of the Cyprus economy in 2005 is seen at 4%, despite the negative consequences from a sharp increase in crude oil prices, Finance Minister Makis Keravnos said. Speaking during the Annual General Meeting of the Association of Certified Accounts (SELK), Keravnos repeated the government projections made earlier, anticipating a better economic
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No view yet on Turkish Cypriot regulations EU “modernisation” the key word Hints that Britain will take the opportunity of its six-month Presidency of the EU to try to mend tattered relations with Cyprus came on Friday, at a briefing for journalists by the newly installed British High Commissioner for Cyprus, Peter Millet, who presented
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The Cyprus House of Represenatives is expected to approve the European Constitution today, despite opposition by the main coalition partner, the communist AKEL. The first round of a debate at the House of Representatives plenary on a bill took place on Wednesday. All speakers but one (the AKEL representative) said they would approve the bill
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New foreign borrowing in Cyprus continued to race ahead in May, rising by 20.8% compared with the same month of the previous year, according to Financial Mirror analysis, to reach CYP 1.4 bln, or 14.8% of total loans. In the period January-May 2005, foreign borrowing rose year on year by 21.3%, compared with a decline
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The President of the House of Representatives cut short the debate on the European Constitution just before noon, saying he had received a bomb scare. “There has been a call of a possible bomb explosion,” House President Demetris Christofias said, asking members of parliament to leave the building until the police clear the scene. Opposition
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