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All reports tagged with: "cyprus economy"

Agreement on town-planning development in SBAs

The Republic of Cyprus is heading towards an agreement with the British Sovereign Bases over town-planning development of areas under their sovereignty.

Agreement between Cyprus and Qatar approved

The Council of Ministers has officially approved the agreement signed on Wednesday between Cyprus and Qatar for the creation of a joint venture for a major project in Nicosia, which will include a five – star hotel, apartments, offices and a commercial centre.

Bad omens for Cyprus economy

Revenues flowing into the Cyprus government’s coffers dropped in January 2010 sounding alarm bells in the Finance Ministry for the economy and what the fiscal deficit might reach in the coming year.

Situation is critical says Cyprus Central Bank governor

Long term reforms are urgently needed to buffer the critical economic problems plaguing the island, the governor of the Cyprus Central Bank said yesterday.

Cyprus economy contracts in third quarter

The contraction of the Cyprus economy during the third quarter of 2009 is mainly due to negative growth rates in construction, hotels and restaurants, and negative performance in manufacturing, trade and transport services according to the latest government estimates.

Property market report for Cyprus

Falling property sales, which are down by 52% this year compared to last, are impacting employment levels, the inflow of revenue to state coffers, and the island’s economic well being.

Developers hope for 2010 recovery

Property developers are optimistic that the real estate sector will recover from the economic crisis in 2010, provided the necessary measures are taken by the government.

Cyprus tourism and property to get state aid

President Demetris Christofias has announced new measures to boost the Cyprus economy targeted at the ailing property and tourist sectors.

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