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Cyprus aims to exit recession in 2015

Cyprus aims to exit recession in 2015

Cyprus is determined to beat estimates and exit the bailout programme ahead of schedule and return to growth by the… Read More

Recent Articles

31 October 2014

Cyprus-Greece-Egypt ministerial meeting on energy

Minister of Energy Giorgos Lakkotrypis said that a tripartite ministerial meeting between Cyprus, Greece and Egypt on energy issues will take place at a later stage, in the framework of… Read More

31 October 2014

Search for Cyprus Airways investor continues

The government will exhaust all efforts to attract investors' interest in Cyprus Airways, in accordance with international practices and the recommendations of the European Commission, Minister of Finance Harris Georgiades… Read More

31 October 2014

Economic sentiment deteriorates in October 2014

The economic sentiment in Cyprus deteriorated for the second consecutive month in October 2014, according to the monthly report of the Directorate General for Economic Affairs of the European Commission. Read More

31 October 2014

Property Tax payment deadline extended

The House plenum recently unanimously passed a law extending the deadline for payment of immovable property tax (IPT) by a month, as well as extending by one month the 15% discount. Read More

31 October 2014

Cyprus banks in the process of implementing FATCA

In the fight against tax evasion, member banks of the Association of Cyprus Banks (ACB) are currently in the process of implementing the Foreign Account Tax Compliance Act (FATCA), in… Read More

31 October 2014

Cyprus, Greece and Egypt building regional alliance for stability

The co-operation between Cyprus, Greece, and Egypt aims to bring stability in a volatile area and to allow everyone to reap the benefits of the natural wealth, President Nicos Anastasiades… Read More

30 October 2014

Manufacturing output down 3% in August 2014

Manufacturing production fell 3.0% year-on-year in August to 54.8 points, as most manufacturing sectors saw their production decline, the statistical service said recently. Read More

30 October 2014

Deposit outflows rise in September 2014

Banks saw the highest deposit outflow in September 2014 since the aftermath of the island’s bailout in March 2013, Central Bank (CBC) figures showed. Read More

30 October 2014

Government posts a 1.3% surplus in first nine months of 2014

The central government generated a €207.6 million surplus in the first three quarters of the year on a cash basis or 1.3% of the economy compared with a fiscal deficit of €411.8 million… Read More

30 October 2014

Cyprus ranks 64 in ‘Ease of Doing Business’ report

Cyprus ranks 64th out of 189 countries, in the World Bank’s annual ‘Doing Business’ report, published recently. Read More

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