There is a lot of corruption at various levels of public life, former finance minister Charilaos Stavrakis said, and the bad thing is, it is almost acceptable in Cypriot society.
The recession in Cyprus’ economy in 2012 will be deeper than expected, according to economists from the Economic Research Centre of the University of Cyprus.
Data from the latest Cyprus Recruitment Index (CRI) released this week by GRS Global Recruitment Solutions, shows a substantial increase in placements within the corporate services sector for 2011 and projected growth in the financial and investment services sectors for 2012.
Former Ambassador of the Republic of Cyprus Andreas Iacovides has described the announcement of the Turkish Foreign Ministry on Cyprus' Exclusive Economic Zone (EEZ) as ''legally unfounded''.
Benjamin Netanyahu paid a first-ever visit by an Israeli prime minister to Cyprus on Thursday, stressing the two countries' natural gas interests in the Mediterranean amid rising tensions with Turkey.
Cypriot households paid the highest average electricity prices in the whole of the European (EU27) last year and the second highest in 2010, according to Eurostat results.
The cypriot economy posted zero growth in the fourth quarter of 2011 as the economic damage from a mid-year munitions disaster counterbalanced a turnaround in tourism revenues, the authorities said in a flash estimate yesterday.
Cyprus just missed recording official recession in the fourth quarter of 2011, as GDP growth in seasonally adjusted terms stagnated compared with the previous quarter, after a decline of 0.8% q/q in the third quarter.
The Council of Ministers on Tuesday approved a new package of measures aiming at boosting economic growth, supporting employment, productivity and competitiveness of the Cyprus economy.
A Greek sigh of relief should have been heard to the end of the world after Eurogroup’s approval of the country’s bailout program on Monday, which prevented a direct risk...
If Greece’s international creditors, the so-called troika, ultimately succeed in persuading our politicians to shrink the public sector, they will have addressed the core of the country’s problem. For the...
Many in Europe –particularly in Germany- wonder why they should continue providing financial support to a country that has failed to honor its commitments with partners and is an international...
The reduction in incomes which Greece’s new economic program brings would make sense only if we could hope that the problems of recession and the country’s excessive debt could be...
It’s a curious thing that even at this crucial moment, when the future of the country hangs in the balance, its political class cannot clearly “read” our creditors’ stance and...
We are all watching breathless the endless unpopular serial of Greece’s negotiations with the troika, wondering whether our political leaders will finally utter “Yes” or raise the flag of the...
The negotiations with Greece’s international creditors –the so-called troika- on the final details of the economic program that will accompany a second, €130 billion bailout loan seem to have developed...
If I come across the expression, “crucial next 48 hours,” again I think I am going to have a nervous breakdown. Our political leaders are bent on rattling our nerves...
Greek political leaders on Sunday put on their brave faces, in the best of patriotic traditions. They would have us believe that they were resisting the demands of Greece’s international...
The demand of Greece’s international creditors, the so-called troika, for a lowering of Greek salaries and wages is not just devoid of substance but also dangerous.
There is no doubt that the German proposal for the appointment of an economic overseer, whose main task would have been to ensure the repayment of the country’s debt, was...
Europe is regarded as the world’s ‘ethical force’. Today, however it is in danger of losing this important title because of its immoral choices in tackling the debt crisis.
Because so much has been heard and written about the PSI which not only affects us psychologically but our investment decisions as well, i.e. the equity markets, it seems important...
Whilst we all appreciate that the economic recovery is the only way to solve the problems of Greece’s deficit and debt, the Greek government is not in a position to...
As to whether it is perceived or not, certain individuals, in cooperation with the media, are attempting to destroy Papademos as ‘evil’, ‘merciless’ or even as a ‘failure’.
Αsides from negotiations concerning the private sector’s ‘voluntary’ participation in cutting Greek debt, the essence of Greece’s actual economy has been condensed into one phrase by the Troika.
The discovery that almost all the national television channel’s journalists who had been on strike for weeks, were paid in full, either because they took sick leave or because they...
After a respite of relative calm, which many associate with Papademos’ premiership and as a result, the Greek public’s raised expectations, unfortunately jeering and violence have emerged once again.
The debate on the Greek economy’s restoration came to the fore once again as it now seems inevitable that labour costs will be reduced through eliminating the 14th salary in...
Recently, the whole issueof lending – or indeed the refusal to lend funds to Greek media companies, has come to the fore – all based on the political business dealings...
If the statements hold any political value – and are in fact reliable, yesterday, Merkel, Sarkozy and Schauble (in the background) made two points clear: They want Greece to remain...
Under the pressure of the present circumstances and that of our partners and lenders and from the parties who are supposedly supporting him, the Prime Minister, Mr. Lucas Papademos has...
Sooner or later, George Papandreou, former Greek Prime Minister and President of the Socialist Party (PASOK), a man whose actions were incompetent and erratic, who probably would never have held...
In its report on the threats and dangers that our planet faces (2011 Global Risks Report), the World Economic Forum confirmed a paradox: The problems that transcend national borders and...