SATURDAY, 25 NOV 2017

 

CONNECT

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

Syllouris and Zhang Reaffirm Cyprus - China Close Ties of Friendship

Anastasiades: A New Cyprus Effort Must Be Well Prepared

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

Don’t Miss the Much Anticipated 5th Cyprus Banking Forum

Logicom Solutions is presenting the event on Thursday, 14 December 2017 at the Hilton ...

Output of the Cypriot Agricultural Industry Increased By 0.9% in 2016

Total agricultural output in the European Union (EU) stood at €405.0 billion at ...

Georgiades: The Continuation of the Efforts to Consolidate the Banking Sector is Necessary

  The creation of conditions for stability and confidence is a prerequisite for ...

FROM AROUND GOLDNEWS

   

Reddy Reiterates New Zealand‘s Support towards Cyprus Settlement

New Zealand Governor-General Patsy Reddy has reiterated her country’s support to a settlement of the Cyprus problem, strongly commending the firm ...
   

Rahmon Stresses Need For Further Development of Ties with Cyprus

President of Tajikistan has stressed the need for further development of bilateral ties with Cyprus, especially in the fields of economy and tourism. President ...
   

Pamboridis Discusses the Cyprus NHS at CIBA Event

The Minister of Health, Dr. George Pamboridis accepted an invitation from the Cyprus International Businesses Association (CIBA), to inform the members ...
   

Juncker: Meeting with May Will Show If Brexit Progress Made

The president of the European Commission Jean-Claude Juncker said that a meeting with British Prime Minister Theresa May on December 4 will allow the EU to see ...
   

Multiyork Furnishing Collapse Puts 550 Jobs under Threat

The UK furniture retailer has gone into administration, putting 550 jobs under threat. The retailer will trade until Christmas at the earliest while ...
   

Kadis Highlights Need for Action to Promote Sustainable Development

Action needs to be taken, in order for the Education for Sustainable Development (ESD) to respond to the needs of the international community for social, ...
   

Pamboridis Performs Opening of HIV Checkpoint

In October, the Minister of Health George Pamboridis, on behalf of the President Nicos Anastasiades, performed the official opening of the first permanent HIV ...
   

Infocredit & LexisNexis Among Exhibitors at the 8th Annual AML and Financial Crime Conference

Infocredit Group and its strategic partner LexisNexis Risk Solutions were among the main exhibitors at the ACAMS 8th Annual AML and Financial Crime Conference ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Deloitte_2016_300x250px
Gold_Issue_300x250px

IMH LTD