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Cyprus government expenditure at 40.1% of GDP in 2015

By   /  06/03/2017  /  CY Finance, CY Social, Cyprus, Finance, Social  /  Comments Off on Cyprus government expenditure at 40.1% of GDP in 2015

  Cyprus has allocated the equivalent of 40.1% of its GDP to government expenditure in 2015, of which 10.2% to General public services, 1.4% to Defence, 1.7% to Public Order and Safety,  3.5% to economic affairs,  0.4% to environmental protection, 1.8% to Housing & community amenities, 2.6% to Health, 0.9% to Recreation culture & religion,  […]

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Cyprus claiming share of post-Brexit business outflow from the UK

By   /  01/02/2017  /  Business, CY Business, CY Finance, Cyprus, Finance  /  Comments Off on Cyprus claiming share of post-Brexit business outflow from the UK

  A seminar for London based businessmen and investors who might be interested in exploring the advantages offered by Cyprus in a post-Brexit environment was held in the British capital. Organised by the UK-Cyprus Enterprise Council (UKCEC), in association with RCB Bank and PDG Strategy, the event presented Cyprus as a credible investment destination with […]

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Three challenges facing the Cyprus banking system, CBC says

By   /  11/01/2017  /  CY Finance, Cyprus, Finance  /  Comments Off on Three challenges facing the Cyprus banking system, CBC says

The reduction of the high stock of non-performing exposures (NPEs), the negative interest environment which compresses the banks` profitability as well as the forthcoming amendments in the regulatory framework, consist the three main challenges facing the banking system, the Central Bank of Cyprus said in a report released on Wednesday. According to the CBC`s 2016 […]

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We are not pushing for IMF withdrawal or stay in Greek program – minister

By   /  08/01/2017  /  CY Finance, CY Politics, Cyprus, GR Finance, GR Politics, Greece, Politics  /  Comments Off on We are not pushing for IMF withdrawal or stay in Greek program – minister

The Greek government has no specific strategy to oust the International Monetary Fund (IMF) from the country’s bailout program, or to see it remain one of its international creditors, a senior government official says. Minister of Digital Policy, Nikos Pappas, said during an interview on Greek television that it was the IMF that raises such […]

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Cyprus Finance Minister determined to keep up the reform momentum

By   /  15/12/2016  /  CY Finance, CY Politics, Cyprus, Finance, Headlines, Politics  /  Comments Off on Cyprus Finance Minister determined to keep up the reform momentum

Just days before the European Commission’s warning on Thursday (15/12) that fiscal risks in Cyprus remain significant, all the stakeholders in the country’s economy had gathered in London to present their take on the current financial picture and the prospects for the future. Speaking at an Economist event at the British capital’s Stock Exchange, Finance […]

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Cyprus – Greece – Israel cooperation of Strategic Importance

By   /  09/12/2016  /  Business, CY Business, CY Energy, CY Finance, CY Politics, CY Social, Cyprus, Energy, Finance, GR Business, GR Energy, GR Finance, GR Politics, GR Social, Greece, Politics, Social  /  Comments Off on Cyprus – Greece – Israel cooperation of Strategic Importance

Cooperation between Greece, Cyprus and Israel, is promising to go smoothly since during the joint declarations of Greek Prime Minister Alexis Tsipras, Cypriot President Nicos Anastasiades and Israeli Prime Minister Benjamin Netanyahu, the Cypriot President spilled a glass of water on the declarations table. This mishap gained an array of positive comments and all immediately […]

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Israel Cyprus Greece Trilateral Summit Declaration

By   /  08/12/2016  /  Business, CY Business, CY Energy, CY Finance, CY Politics, CY Social, Cyprus, Energy, Finance, GR Business, GR Energy, GR Finance, GR Politics, GR Social, Greece, Politics, Social  /  Comments Off on Israel Cyprus Greece Trilateral Summit Declaration

We, Benjamin Netanyahu, Prime Minister of the State of Israel, Nikos Anastasiades, President of the Republic of Cyprus, and Alexis Tsipras, Prime Minister of the Hellenic Republic, having met in Jerusalem today, 8th December 2016, have agreed to continue strengthening the cooperation between our three countries in order to promote a trilateral partnership in various […]

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Alexis Tsipras in Israel for 2nd Greece-Cyprus-Israel tripartite

By   /  07/12/2016  /  Business, CY Business, CY Energy, CY Finance, CY Politics, Cyprus, Energy, Finance, GR Business, GR Energy, GR Finance, GR Politics, Greece, Headlines, Politics  /  Comments Off on Alexis Tsipras in Israel for 2nd Greece-Cyprus-Israel tripartite

Greek Prime Minister Alexis Tsipras will visit Jerusalem on Thursday 8 December to participate in the 2nd tripartite summit between Greece, Cyprus and Israel. The issues that will be in focus are energy, environment, tourism, research & innovation, fighting terrorism and the Cyprus issue. The Greek PM will be accompanied by Environment & Energy Minister […]

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Cyprus, Israel and UK partnership highlighted in London

By   /  24/11/2016  /  Business, CY Business, CY Finance, CY Politics, Cyprus, Finance, Politics  /  Comments Off on Cyprus, Israel and UK partnership highlighted in London

The heads of the diplomatic missions of the Republic of Cyprus and of Israel in the UK, British MPs and the British Foreign Minister for Middle East attended a Conservative Party event in the Houses of Commons to highlight the strong relationship between the three countries. The High Commissioner of the Republic of Cyprus to […]

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Cyprus – India sign Agreement on the Avoidance of Double Taxation

By   /  18/11/2016  /  CY Finance, CY Politics, Cyprus, Finance, Headlines, Politics  /  Comments Off on Cyprus – India sign Agreement on the Avoidance of Double Taxation

The Minister of Finance, Mr Harris Georgiades, on behalf of the Republic of Cyprus, and the High Commissioner of India in Cyprus, Mr Ravi Bangar, on behalf of the Republic of India, signed today, at the Ministry of Finance, an Agreement on the Avoidance of Double Taxation. Following the entering into force of the signed […]

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