MONDAY, 25 SEP 2017



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Antonio Guterres: Ready to Deploy His Good Offices Mission

Ionas Nicolaou: Calls for Unity to Counter Turkish Intransigence



Eurostat: Cyprus GDP Up By 3.3% In 2017

Eurostat: Cyprus GDP Up By 3.3% In 2017

Cyprus recorded the 7th highest GDP growth rate for the 1st quarter of 2017 in the European Union, in annual basis, according to Eurostat. In Cyprus, GDP growth for Q1 2017 was 3.3% in annual and 0.6% in quarterly basis.

Seasonally adjusted GDP rose by 0.5% in both the euro area (EA19) and the EU28 during the first quarter of 2017, compared with the previous quarter, according to a flash estimate. In the fourth quarter of 2016, GDP grew by 0.5% and 0.6% respectively.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.7% in the euro area and by 2.0% in the EU28 in the first quarter of 2017, after +1.8% and +1.9% respectively in the previous quarter.

During the first quarter of 2017, GDP in the United States increased by 0.2% compared with the previous quarter (after +0.5% in the fourth quarter of 2016). Compared with the same quarter of the previous year, GDP grew by 1.9% (after +2.0% in the previous quarter).



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” ...



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 ...