Cyprus eyes VAT hike, pay freeze to tackle deficit
NICOSIA, March 5 (Reuters) - Cyprus is eyeing increases in value added tax, a pay freeze for thousands of civil servants and cutbacks in pay to state officials to chop a runaway deficit now busting eu...
Cyprus says needs concensus on deficit busting
NICOSIA, March 3 (Reuters) - Cyprus' government said on Wednesday it needed more time to build a consensus on deficit-busting measures, as criticism grew at home a time lag could prove costly in putti...
Cyprus gas stations end strike over price caps
- The Associated Press
- •
- February 25, 2010
NICOSIA, Cyprus -- Gas station owners in Cyprus on Thursday ended a three-day strike protesting a government-imposed cap on retail gasoline prices.
Owners' association President Stefanos Stefanou s...
Securing Cyprus’s success as a financial centre
- Sebastian Heller - Cyprus Mail
- •
- February 12, 2010
Cyprus could be poised to emerge as a stronger player in the world of global finance, according to Michael Izza, CEO of the UK-based Institute of Chartered Accountants.
Izza was in Cyprus this week...
Greece woes serve as lesson to Cyprus
- Charles Charalambous - Cyprus Mail
- •
- February 12, 2010
Cyprus could end up like Greece unless the state’s finances are put in order, Finance Minister Charilaos Stavrakis warned yesterday.
“Greece’s misfortune should be a lesson to us”, the Minister sai...
Cyprus eyes state cutbacks to cut growing deficit
NICOSIA, Feb 4 (Reuters) - Cyprus will draw up comprehensive proposals in the next two weeks for reducing a rising budget deficit that is thought to have hit almost 6 percent of GDP last year, well ab...
Cyprus seeks euro500 million boost to state coffers
- The Associated Press
- •
- December 30, 2009
Cyprus' finance minister said Tuesday that he's seeking a euro500 million ($722 million) injection into state coffers to stave off a burgeoning deficit projected to hover at around 6 percent of GDP ov...
Cyprus legislators approve 2010 budget
- The Associated Press
- •
- December 18, 2009
NICOSIA, Cyprus -- Cypriot lawmakers on Thursday approved the 2010 state budget amid concerns of a spiking deficit and rising unemployment as the island's economy struggles to rebound from the impact ...
Greek Cypriot businesses are the winners in Green Line trade
- Financial Mirror
- •
- December 05, 2009
The latest figures show that Greek Cypriot businesses are the net winners in Green Line trade, with Turkish Cypriots spending far more in the shops than the other way round, and making up for the lowe...
Cyprus deal must safeguard united economy-CBank
- Sakari Suoninen and Michele Kambas
- •
- November 17, 2009
NICOSIA, Nov 16 (Reuters) - The reunification of Cyprus could be a tremendous boon to the island's economy but any peace deal between now estranged Greek and Turkish Cypriots must avoid barriers, ECB ...
Cyprus buck euro zone trend, in recession for 3rd quarter
- REUTERS
- •
- November 13, 2009
NICOSIA, Nov 13 (Reuters) - Cyprus remained stuck in recession in the third quarter, official data showed on Friday, bucking the trend of the broader euro zone which showed growth after five quarters ...
Cyprus in top 40 of ‘doing business’ nations
- Patrick Dewhurst - Cyprus Mail
- •
- November 13, 2009
Cyprus has ranked 40th out of 183 countries for ease of doing business, in the World Bank’s Doing Business Report 2010. This is the first time Cyprus was included in the Doing Business evaluation, at ...
Cyprus doesn't see excessive deficit process now
NICOSIA, Nov 4 (Reuters) - Cyprus does not expect to be placed under the EU excessive deficit procedure, in spite of Commission forecasts of a deficit in 2009 exceeding 3.0 percent, Finance Minister C...
One in three believe poverty is widespread in Cyprus
- Cyprus Mail
- •
- October 28, 2009
34 percent of Cypriots believe that poverty is widespread on the island, compared to the European average of 73 percent, according to a Eurobarometer poll on member states' attitudes to poverty.
Th...
Grim prospects for economic recovery
- Charles Charalambous - Cyprus Mail
- •
- October 27, 2009
The prospects for economic recovery in Cyprus in 2010 are likely to be constrained by significantly lower industrial output, reduced exports and increasing unemployment in the eurozone, a leading inte...
Cyprus Finmin hopes for growth despite slowdown
NICOSIA, Oct 16 (Reuters) - Cyprus hopes to be able to pull itself into growth this year, in spite of official forecasts of a contraction, Finance Minister Charilaos Stavrakis said on Friday.
'If y...
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