Tag Archives: Economy

Eurogroup congratulates Cyprus on program completion

Taken from the CyprusReporter The Eurogroup congratulated on Monday, in a meeting in Brussels, Cyprus` economy and Finance Minister Harris Georgiades on the exit from the economic adjustment program. According to the President of the Eurogroup, Jeroen Dijsselbloem, Cyprus can … Continue reading

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ESM greenlights €100m tranche

  Taken from the Cyprus-Mail website THE European Stability Mechanism (ESM) approved on Thursday the disbursement of €100m to Cyprus, following the positive assessment of the sixth quarterly review of the macroeconomic adjustment programme and approval of the supplemental memorandum … Continue reading

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Positive News on Cyprus Economy

Chinese investor sees great potential in Cyprus CHINESE investors aim to pour one-and-a-half billion euros into Cyprus, the President was told yesterday. President Nicos Anastasiades received a delegation of the Hong Kong-based company ‘China Glory National Investment’ which is investing … Continue reading

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Cyprus Government Declares War on Black Economy

Think twice before you accept the ‘pay by cash and it’ll save you VAT or be cheaper (nudge, nudge, wink, wink)’ option in future. The Cyprus government has just passed a law making it illegal to pay in cash without … Continue reading

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