MONDAY, 25 SEP 2017

 

CONNECT

Facebook Linked In Twitter
MTN_07/07-10/04_728x90px
GloriaJeans_266x90px
IMH LTD

Antonio Guterres: Ready to Deploy His Good Offices Mission

Ionas Nicolaou: Calls for Unity to Counter Turkish Intransigence

IMH LTD
MTN_07/07-10/04_468x60px

ECONOMY

Cystat: Government Surplus at €200.9M in Q1 2017

Cystat: Government Surplus at €200.9M in Q1 2017

According to the Cyprus Statistical Service of Cyprus, on the basis of the preliminary data on the General Government accounts for January-March 2017, which are compiled in accordance to EU concepts and definitions (ESA 2010), total revenue amounted €1,716.1 mn (4.9% increase as compared to the corresponding period of 2016), while total expenditure reached €1,515.2 mn (1.7% increase), resulting in a surplus of €200.9 mn as compared to a surplus of €146.3 mn in the corresponding period of the previous year.

 

The main categories of revenue for the period January-March 2017 were: taxes on production and imports €680.5 mn (12.6% increase as compared to the first quarter of 2016), of which VAT was €395.1 mn (18.3% increase), social contributions €419.7 mn (9.1% increase), and taxes on income and wealth €402.4 mn (0.9% increase). Revenue from sales of goods and services reached €101.1 mn registering a decrease of 5.3% as compared to the corresponding period of the previous year.

 

The main categories of expenditure for the period January-March 2017 were: social transfers €593.5 mn (1.0% increase compared to the corresponding period of 2016), and compensation of employees (including imputed social contributions and pensions of civil servants) €520.1 mn (1.6% increase). Intermediate consumption reached €128.0 mn (7.8% increase as compared to the corresponding period of the previous year).

MORE ON ECONOMY

Economic Management of the Last Five Years

Five years have almost passed since the banking crisis of March 2013 and we are getting ...

Trade Deficit Increase in First Six Months of 2017

Trade deficit was up by 12.6% in the first six months of this year, data released by the ...

S&P Affirms RCB’s “BB-” Rating With Stable Outlook

On Monday 18 September 2017, S&P Global Ratings affirmed its “BB-/B” ...

FROM AROUND GOLDNEWS

   

Bank of England Warns Consumer Debt Crisis Could Cost Banks Billions

Stress test reveals lenders are underestimating exposure to bad debt in face of an economic downturn  The Bank of England has issued its ...
   

AXIA Ventures Group Expands Further in Europe

Milan, Italy, September 22nd, 2017 – AXIA Ventures Group ("AXIA"), a subsidiary of AXIA Financial Group UK (“AFG”), announces today ...
   

C-Suites Spend an Afternoon Looking to the Future

EY is presenting the 13th CFO Management Forum in the afternoon of Wednesday, 25 October 2017 at the Hilton Park Hotel in Nicosia. The forum will present and ...
   

PwC Retains Leading Position in Cyprus Market

PwC presented its financial results for the financial year ending in June 2017 during its annual meeting held on Friday, 22 September in Limassol. The ...
   

Cyprus Shipping Chamber: Cyber Security Case Study

The Cyprus Shipping Chamber, noting the increased concerns of its Members, and our industry in general, with regards to Cyber Security threats, decided to ...
   

Getty Foundation Awards Grant for The Cyprus Institute Research on Mediterranean Cities

The Getty Foundation, as part of its Connecting Art Histories initiative, has awarded a major grant to The Cyprus Institute (CyI), in support of a new research ...
   

Palmas: We Seek a Viable Solution to End Occupation and Unite Cyprus

Our aim is to achieve a viable solution that will reunite the island divided since 1974 Turkish invasion and put an end to the Turkish occupation leading the ...
   

Foreign Ministers of Cyprus, Greece and Egypt Express Support for Cyprus Settlement

Foreign Ministers of Cyprus, Greece and Egypt held a trilateral meeting on Friday, at UN Headquarters, and expressed support to Nicosia’s efforts for a ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Fameline_19/09-01/10_300x250px
Gold_Digital_Edition_300x250px

IMH LTD