x

Economy

Cyprus Economic Growth in 2019 Seen at Double EU Average

NICOSIA (AP) — Cyprus’ finance minister says the island nation’s economy is on track to grow by 3.5 percent in 2019, double the European Union average.

Harris Georgiades said Wednesday that all economic sectors will register growth this year in a “more sustainable way.”

He said unemployment continues to shrink at a “very satisfactory rate,” now down to 7% from 16% in the wake of a 2013 financial crisis. He said the government aims to have full employment by 2020.

Georgiades said the public debt is projected to drop this year by around 7 percentage points to 95-96% and projects a further drop to below 90% in 2020.

He said government will cap its spending in the 2020 budget and it will again run a budget surplus.

RELATED

NICOSIA — Israel and Cyprus said Monday that they have made “significant” headway in resolving a long-running dispute over an offshore natural gas deposit and say they are committed to quickly reaching a deal as Europe looks for new energy sources.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Mitsotakis: Today’s Bill Comes to Define a New Field in Which Everyone Should Move

ATHENS - At the end of August 2022, I announced a legislative initative for the upgrading and modernisation of the protection, the operation of the security agencies and the operation of the communications and after the change in National Intelligence Service's (EYP) leadership and the establishment of double check to the legal intrusions," stated Prime Minister Kyriakos Mitsotakis addressing the parliament on Thursday during the debate on Justice Minstry's bill on the lifting of the communications confidentiality, cybersecurity and protection of the citizens' personal data.

ATHENS - Greek annual inflation rate slowed to 8.

The Tsigaris cousins behind the successful Nick the Greek quick-service Greek food chain that began in California and has 38 restaurants open and 60 more in the works is selling a majority stake to Yadav Enterprises, because of a Greek link.

DOHA, Qatar — England's players have been asked one question on repeat as they prepare to face France in the World Cup quarterfinals on Saturday.

NEW YORK — New York Knicks forward Obi Toppin will miss at least two weeks because of a fracture in his right leg.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.