The treaty was signed in Brussels by the Minister of Finance Harris Georgiades on behalf of the Republic of Cyprus, and the Minister of Economics Dana Reizniece-Ozola on behalf of the Republic of Latvia. The treaty, an official statement said, “will contribute to the further development of the trade and economic relations between the Republic...Read More

The European Commission has decided to abrogate the excessive deficit procedure for Cyprus, one year ahead of the actual deadline. Specifically the Commission recommends to the Council to close the Excessive Deficit Procedure (EDP) for Cyprus, Ireland and Slovenia as these countries have brought their deficits below the 3% of GDP Treaty reference value in...Read More