TUESDAY, 20 AUG 2019

 

CONNECT

Facebook Linked In Twitter
GAP_Group_2019_728x90px
GloriaJeans_266x90px
IMH LTD

Anastasiades and SG Envoy Lute Agree to Continue Consultations for Cyprus Solution

US Delays Huawei Trade Ban for Another 90 Days

IMH LTD
GAP_Group_2019_468x60px

ECONOMY

Cyprus Ranks First in European Social Fund Absorption for 2018

Cyprus Ranks First in European Social Fund Absorption for 2018

Cyprus ranks first among EU member states in the cumulative payments made from the European Social Fund in 2018, a Labour, Welfare and Social Insurance Ministry press release said.

The Labour Ministry noted that “according to official European Commission statistical data, Cyprus ranks in the first position among 28 European Union member states on the absorption of funds in 2018 from the European Social Fund.”

According to the data, Cyprus ranks first among other member states on the cumulative payments made by the European Social Fund, having absorbed 49% or €56,255,218 from a total of €114,307,303. Luxemburg ranks second with 46% and Greece third with 41%.

Through four national programmes, Cyprus benefits from European Structural and Investment Funds with €917 million over the period 2014 - 2020. This represents an average of €1,069 per person, the Cyprus News Agency reports.

Funding derived from the European Social Fund corresponds to 11.5% of the total Cyprus is set to receive from European funds.

MORE ON ECONOMY

Preliminary Data Show Increased Fiscal Surplus during the 2nd Quarter

The general government’s fiscal surplus increased to €215,4 mn in the second ...

Georgiades: Cyprus Economy Growth Remains Strong

The growth of the Cyprus economy remains strong, said Finance Minister Harris Georgiades, ...

Harmonized Index of Consumer Prices increases by 0.1% in July

In July 2019, the Harmonized Index of Consumer Prices increased by 0.1% compared to the ...

FROM AROUND GOLDNEWS

   

Trump Calls for Big Rate Cut and Economic Stimulus

The US central bank should consider cutting interest rates by one percentage point and introduce "some quantitative easing" stimulus measures, ...
   

Amazon Under Fire for New Packaging that Cannot be Recycled

Amazon has been criticised by environmental groups and customers after introducing a range of plastic packaging that cannot be recycled in the UK, The Guardian ...
   

EY: Global IPO Market Shows Continued Signs of Slowdown in Q2 2019

The trend of unicorn IPOs coming to market and pushing their proceeds to historic levels continued in Q2 2019 despite ongoing geopolitical uncertainty and ...
   

Sony to Buy Insomniac Games

PlayStation console maker Sony Interactive Entertainment said on Monday it would buy privately held Insomniac Games Inc, known for developing games such as ...
   

KPMG in Cyprus Supports the Pancyprian Volunteerism Coordinative Council’s Campaign ‘Collecting School Supplies for Children’

Corporate Social Responsibility programme forms an integral part of KPMG’s corporate philosophy around the world, combining economic and business growth ...
   

US Delays Huawei Trade Ban for Another 90 Days

The US Commerce Secretary, Wilbur Ross, has confirmed a ban on Chinese technology giant Huawei will not come into force for another 90 days, the BBC reports. ...
   

Record Number of Tourists for July 2019

July 2019 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month, with arrivals of tourists reaching 550,971 in July 2019 ...
   

US Considers Activities of Yavuz as Unlawful

The United States considers the activities of Turkish drillship Yavuz off the north-eastern coast of Cyprus as unlawful, and urges the Turkish authorities to ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Taxatelier_09/08/-06/09_300X250px
Loyalty_Conference_22/07-08/10_300x250px

IMH LTD