Facebook Linked In Twitter

Stelios Haji-Ioannou Announces the Launch of the 10th Stelios Bi-Communal Awards in Cyprus

Menelaou: Turkey Continues To Violate UN Resolutions in Cyprus



Prodromou: Full Employment Possible In Three Years

Prodromou: Full Employment Possible In Three Years

Government Spokesman Prodromos Prodromou said that Cyprus could expect full employment over two or three years and that it would be feasible to have a growth rate 4% in 2018, the Cyprus News Agency reports.

In statements to the press at the Presidential Palace, the spokesman said that Cyprus’ growth rate announced by Eurostat for the first quarter of 2018, had confirmed the momentum of the economy and had shown that a growth rate of 4% is feasible. He added that it was the 13th consecutive quarter of economic growth.

“We have stable and robust economic growth, without hiding any problems and structural weaknesses in the economy, " he added.

As the spokesman said, as long as the Government continues its stable policy and makes the necessary changes, either in the institutional framework or in the administration of the state, the conditions would continue to improve more broadly for employees and for the people of Cyprus.

He also said that the growth rate in the first quarter 2018 was consistent with the employment growth. The employment, he added, was projected to increase that year by 3.5% and added that the unemployment rate had been reduced to 9.1% in March 2018, compared to 16% in 2013.

 "At this pace of economic growth, we can expect that it’s a matter of time and in two or three years we will have full employment in Cyprus," he said.

That way, he added, the conditions for labour and employment would be improved, wages would be improved and new quality jobs would be created.


High Growth Rates and Surpluses Projected In Cyprus by SFPF

High growth rates exceeding 3% of the GDP and high primary surpluses are projected until ...

Council of Ministers to Discuss Strategic Framework for Fiscal Policy

Finance Minister Harris Georgiades will submit, on Monday, to the Council of Ministers ...

Deflation for the Fifth Consecutive Month in April

Cyprus experienced deflation for the fifth consecutive month in April 2018, based on ...



CIBA and CIIM Host ‘Celebrating Women in Business’ Event

The Cyprus International Business Association (CIBA) for the 2nd consequent year collaborated with the Cyprus International Institute of Management (CIIM) to ...

Voici La Mode Group leads Topshop/Τopman in Cyprus and Romania

Voici La Mode Group undertakes the dynamic repositioning of the international brand Topshop/Topman in Cyprus and Romania as the new official francisee of the ...

Students Visit MTN Facilities to Celebrate World Telecommunications Day

On the occasion of the World Telecommunications and Information Society Day, celebrated every year on May 17th, MTN welcomed at their Latsia premises students ...

Limassol Boat Show 2018: Record Attendance Exceeding 25,000 Visitors

The island’s largest boat show, featuring yachts, activities and demonstrations on water, as well as recreational fishing products, was completed with ...

TOTAL Applies For a Stake in Block 8 Increasing Its Presence to Cyprus

French energy giant TOTAL applied to the Cyprus government to acquire a stake in block license 8 in the Cypriot Exclusive Economic Zone currently owned by ...

High Growth Rates and Surpluses Projected In Cyprus by SFPF

High growth rates exceeding 3% of the GDP and high primary surpluses are projected until the year 2021 in the Strategic Fiscal Policy Framework (SFPF) ...

Cyprus, Malta, Greece Want EU Red Tape Cut to Boost Shipping

The shipping ministers of Cyprus, Malta and Greece say they want the European Union to cut red tape holding back growth in the sector, which they say provides ...

Menelaou: Turkey Continues To Violate UN Resolutions in Cyprus

Turkey continues to violate UN Security Council resolutions, Deputy Permanent Representative of Cyprus at the UN, Menelaos Menelaou has said, addressing the ...