FRIDAY, 5 JUN 2020



Facebook Linked In Twitter

Zeta Emilianidou Outlines Measures To Support Employment, Workers And Vulnerable Groups

Cyprus Government: €700 Mn To Counteract Coronavirus Repercussions



brought to you by Deloitte

Harris Georgiades: New Greek PM Has the Knowledge to Fulfill His Difficult Mission

Harris Georgiades: New Greek PM Has the Knowledge to Fulfill His Difficult Mission

Finance Minister, Harris Georgiades, said on Monday July 8, upon his arrival at the Eurogroup meeting, in Brussels, that the new Prime Minister of Greece, Kyriakos Mitsotakis, has the knowledge to fulfill his difficult mission and that fiscal consolidation must be combined with growth support, the Cyprus News Agency reports.

In particular, the Minister of Finance said: "I would like to congratulate the new Greek government and the new Prime Minister. I think the Prime Minister is aware that this will be a difficult mission, but on the other hand I am sure he has the knowledge and experience to lead this effort -  lead Greece even further ahead."

In relation to achieving and maintaining the primary surplus target of 3.5%, the Finance Minister replied: "the important thing is always to have a way of combining fiscal consolidation with growth support. The fiscal consolidation I think should guide the decisions of each member state and of course Greece".

Invited to comment on the progress of the discussoins on the establishment of a Deposit Guarantee Mechanism, Haris Georgiades stressed that "I can not be satisfied with the very slow pace of progress in relation to this issue that must be complemented by the European banking union."

The Minister stressed that "the European banking union will be incomplete without this common deposit-guarantee scheme, and consultations should proceed without delay."

We have failed as an EU to stick to successive timetables on this issue, we have already been delayed, he noted.


US State Department Issues Human Rights Report On Cyprus

The State Department has issued its 2019 Country Reports on Human Rights Practices in ...

EU To Give Migrants In Greece €2,000 To Go Home

The EU says it will pay €2,000 (£1,770; $2,225) each to migrants in ...

European Commission Joint Statement On The U.S. Travel Ban

The Coronavirus is a global crisis, not limited to any continent and it requires ...



Optimising Productivity After Resuming Construction Works At Pafilia

Pafilia Property Developers has resumed construction work on all of its projects following the government's opening of construction sites. Despite the new ...

Minthis Restaurant Reopened To The Public

The Restaurant at Minthis reopened to the public from Monday, June 1. The restaurant is within the contemporary Clubhouse at the Aphrodite Hills resort, ...

SAP Business ByDesign: A Time-Tested Solution for Fast-Growing Businesses in Cyprus

A business does not have to be big, to be ‘smart’ - regardless of  size, type and sector, every business can utilize ‘smart’ ...

Consulco: Ranked as a Top Tier Performer in London Real Estate by Morgan Stanley

Following the recent assessment by Morgan Stanley Capital International, Consulco ranked 15th amongst the 160 competitors that specialise in retail ...

Insignia Launches First Ever Clean Payment Card

Perhaps the most unavoidable form of germ transmission occurs through the ordinary use of money and credit cards. Despite the increase in electronic ...

A New Global Methodology To Define Cities And Rural Areas

Have you ever asked yourself how Sustainable Development Goal indicators on sustainable cities and communities can be compared if countries across the world ...

Cyprus Government: €700 Mn To Counteract Coronavirus Repercussions

Cyprus announced a financial support package of € 700m, equivalent to 3% of the GDP which includes a series of measures, covering health, finance and ...

Zeta Emilianidou Outlines Measures To Support Employment, Workers And Vulnerable Groups

Measures to support employment, workers and vulnerable groups of the population  from the effects of the coronavirus protection measures, which are ...