MONDAY, 11 DEC 2017



Facebook Linked In Twitter

Syllouris: We Deplore the Violations of Human Rights

Anastasiades and Tsipras to Discuss Erdogan’s Visit to Greece



Papadopoulos: IMF’s Report on Cypriot Economy Is Positive

Papadopoulos: IMF’s Report on Cypriot Economy Is Positive

The government assesses positively the findings of the International Monetary Fund, Deputy Government Spokesman Viktor Papadopoulos said on Wednesday 11 October.
The IMF revised upward its growth forecast for Cyprus’ economy compared to last April`s forecasts, in its World Economic Outlook (WEO) report released on Tuesday 10 October.
In statements to the press, at the Presidential Palace, after today's Cabinet meeting, the Deputy Government Spokesman said that “it is positive when an organisation like the IMF finds that the Cypriot economy is now steady, on a recovery course”.
Despite all the negative forecasts Cyprus is recording a growth rate of 3.5%, one of the highest in Europe and the unemployment rate continues its downward trend, Papadopoulos said, adding that the Government would like to see single-digit unemployment rate in the next year.                                                                               
He noted that the state budget has been balanced in the past five years, the primary surplus is increasing and that Cyprus enjoys lower interest rates in the international markets. All these allow the government to save money and along with the primary surplus to increase development expenditure in order to stimulate the market and create more growth and in turn more jobs.


Cyprus GDP 0.9% Increase on Quarterly and 3.9% on Annual Basis in Q3 2017

Seasonally adjusted GDP raised by 0.6% in both the euro area (EA19) and the EU28 during ...

Completion of Voluntary Early Exit Scheme

Hellenic Bank Public Company Limited (the Bank) announces the successful completion of a ...

Ioannou Urges Borrowers to Restructure Their NPLs As Soon As Possible

Financial Ombudsman of the Republic of Cyprus Pavlos Ioannou urged all borrowers that ...



Nokia COO to Leave the Company

Telecom network equipment maker Nokia said on Monday its Chief Operating Officer Monika Maurer was leaving the company, Reuters reports. Joerg Erlemeier, ...

Apple to Buy Shazam for $400M

Apple is close to buying the music recognition app Shazam for about $400m (£300m), media reports say. Shazam, a UK company founded in 1999, allows ...

Building Permits Increase by 45% in 2017

During the period January – September 2017, 4,281 building permits were issued compared to 3,901 in the corresponding period of the previous year, ...

Anastasiades and Tsipras to Discuss Erdogan’s Visit to Greece

President of the Republic of Cyprus Nicos Anastasiades will be briefed in detail by Greek Prime Minister Alexis Tsipras about Turkish President Recep Tayyip ...

Syllouris: We Deplore the Violations of Human Rights

The House of Representatives deplores the violations of human rights, wherever they are taking place, especially in Cyprus by Turkey, and declares its ...

Companies in Cyprus Using High Speed Internet Connections Increase in 2017

The number of enterprises in Cyprus using high speed internet connections increased in 2017, according to study published on Thursday by the Statistical ...

Cyprus and Egypt to Sign Memorandum on Aeronautical Search and Rescue

Cyprus and Egypt will sign a Memorandum of Cooperation on Aeronautical Search and Rescue. According to a press release issued by the Public Information ...

Amazon Expands its Echo Smart Speakers and Music Unlimited Service to 28 New Countries

Have you been envious of your friends in other countries who tell you about their Amazon Echo device or their Music Unlimited streaming service, neither of ...