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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

  • 26 May 2020 The elite are snapping up pandemic passports so they can escape to safer countries

    Millionaires are looking to escape to a safe country with good medical... read more

  • 14 May 2020 CASINO RESORT Construction work resumes

    Construction work on the City of Dreams Mediterranean casino will resume on... read more

  • 11 May 2020 KEVE All the details of the business and employee support measures

    To deal with the effects of the crisis on the coronaire after their approval... read more

  • 13 March 2020 THE RECONSTRUCTION PLAN OF THE LARNACA MARINA

    The Larnaca Port & Marina Master Plan will become a great resource for the... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

  • 26 May 2020 The elite are snapping up pandemic passports so they can escape to safer countries

    Millionaires are looking to escape to a safe country with good medical... read more

  • 14 May 2020 CASINO RESORT Construction work resumes

    Construction work on the City of Dreams Mediterranean casino will resume on... read more

  • 11 May 2020 KEVE All the details of the business and employee support measures

    To deal with the effects of the crisis on the coronaire after their approval... read more

  • 13 March 2020 THE RECONSTRUCTION PLAN OF THE LARNACA MARINA

    The Larnaca Port & Marina Master Plan will become a great resource for the... read more

Track development of the economy beginning in 2015

Brussels:  In growth trajectory, starting in 2015, enter the Cypriot economy, according to European Commission forecasts winter. In a joint press conference by the Commissioner responsible Pierre Moskovisi and "supervisor", the European Commission Vice-President Jyrki Katainen, noted that the recession in Cyprus was milder than expected for 2014. Pierre Moskovisi said that Brussels foresee little growth of 0 4% of GDP during 2015, while according to the report prepared by the competent services of the European Commission, the economy will grow at 1.6% GDP, 2016. As mentioned in the forecast, the deficit will be reduced to 3% 2014 and 2015, and is estimated to decline further to 1.4% in 2016. The public debt is estimated at 107.5% GDP this year and is expected to climb to 115% in 2015 and decreased again at 111.6% in 2016. Depending downward trend is expected to record and unemployment. Estimated to be "close" to 16.2% in 2014 to 15.8% in 2015 and even below 14.8% in 2016. The report of the European Commission notes that there are still risks, both within as and external front. On the domestic front, the European Commission refers to the risk of a more prolonged period of tight credit conditions. On the external front, it is estimated that the sanctions against Russia could hurt growth, both through the devaluation of the Russian ruble and because any disturbance in the flow of tourists. Response from Brussels: Paul Xanthoulis - See more at: http://www.philenews.com/el-gr/oikonomia-kypros/146/226552/trochia-anaptyxis-tis-kypriakis-oikonomias-me-afetiria-to-2015#sthash.ZCCSeWbi.dpuf