Central Bank of Cyprus Governor Chrystalla Georghadji has expressed optimism that 2015 will signal the start for economic recovery and a return to growth. She was addressing, on Monday 1 December, the Parliamentary Committee on Budgetary and Financial Affairs in the context of the 2015 state budget. Georghadji told MPs that her optimism is based...Read More
The Cyprus general government accounts achieved a surplus of €274.9 million for the period of January – October 2014. According to figures released by the Ministry of Finance on Monday 1 December, the overall surplus reached 1.58% of GDP compared with a deficit of 2.62% or €474.8 million in the corresponding period of 2013. The...Read More
Cyprus and the USA signed on Tuesday 2 December an intergovernmental agreement for the implementation of the US Foreign Account Tax Compliance Act (FATCA), in what has been described as a step further in boosting their economic and political ties. The agreement was signed by Minister of Finance Harris Georgiades and US Ambassador to Cyprus...Read More
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