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Cypriot Investment Scheme
Repossession Property Yield Properties

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  • 4 February 2020 60 Years of waiting for growth in the British Bases

    In 2014, a very important agreement was reached between the Cypriot... read more

  • 3 February 2020 Building coefficient up to 25 percent for housing solution

    A 20% - 25% increase in the building rate is expected to provide for a... read more

  • 20 January 2020 Solution found for Evicted Tenants

    Malicious tenants save time when faced with eviction. read more

  • 15 January 2020 US Acceleration of visa liberalization for Cypriots

    Accelerating efforts to include Cyprus on the list of countries whose... read more

  • 13 December 2019 A dream is coming true

    A beachfront with an area of 3.5 kilometres will be released from oil tanks. read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 4 February 2020 60 Years of waiting for growth in the British Bases

    In 2014, a very important agreement was reached between the Cypriot... read more

  • 3 February 2020 Building coefficient up to 25 percent for housing solution

    A 20% - 25% increase in the building rate is expected to provide for a... read more

  • 20 January 2020 Solution found for Evicted Tenants

    Malicious tenants save time when faced with eviction. read more

  • 15 January 2020 US Acceleration of visa liberalization for Cypriots

    Accelerating efforts to include Cyprus on the list of countries whose... read more

  • 13 December 2019 A dream is coming true

    A beachfront with an area of 3.5 kilometres will be released from oil tanks. read more

Encouraging the Troika estimates for 2016

Encouraging signs for the Cypriot economy , resulting from the new update scenario in the second evaluation of the loan program by the Troika.
 
In the memo tabled by Finance Minister Haris Georgiadis , to the Cabinet dated 28 November , which now reveals ANTENNA , the revision of the forecasts concerning the growth rate , public debt , current account balance , unemployment , income and government spending , revenues from taxes and spending on social policy.
 
Under the new macroeconomic scenario , by 2016 , as recorded in the memo of the Minister of Finance , the main figures estimated to be as follows. For the growth rate :
 
GROWTH
2013: -7.7 % ( -8.7 % Provisions Troika )
 2014: -4.8 % ( -3.9 % Provisions Troika )
 2015: 0.9 % ( 1.1 % Provisions Troika )
 2016 : 1.9 % ( 1.9 % Provisions Troika )
 
For the hot topic of unemployment , the rate for 2013 is expected to rise to 16.7 % compared with 17 % under the previous scenario Troika . For 2014 provided for deterioration due to continued steep adjustment in the labor market , with unemployment rising to 19.8 %. In 2015 and 2016 , provided a marginal improvement , but will remain at high levels .
 
LABOUR MARKET - UNEMPLOYMENT
2013: 16.7 % ( Provisions Troika -17 % )
 2014: 19.8 % ( 19.5 % Provision Troika )
 2015: 19% ( forecasts Troika 18.7 % )
 2016 : 17.7 % ( 17.5 % Provision Troika )
 
Inflation is expected to be at normal levels until 2016 :
 
INFLATION
2013: 0.8 % ( 1.0 % Provisions Troika )
 2014: 1.0 % ( 1.2 % Provisions Troika )
 2015: 1.5 % ( 1.6 % Provisions Troika )
 2016 : 1.7 % ( 1.7 % Provisions Troika )
 
 
Shown significantly improved the current account balance and even by 2014 is expected to be in surplus . While the primary balance , which in 2013 has worsened compared to the original estimates because of compensation granted to provident funds and pensions to former Democratic since 2014 , will begin to show significant improvement.
 
CURRENT ACCOUNT
2013: -1.4 % ( -2.0 % Provisions Troika )
 2014: 0.3 % ( -0.6 % Provisions Troika )
 2015: 0.2 % ( -0.3 % Provisions Troika )
 2016 : 0.0 % ( -0.3 % Provisions Troika )
 
Public debt remains unchanged and estimates that 2013 will reach 114 % of GDP . In 2014 , expected to rise to 124.4 % , while the 2015 and 2016 projected to fall to 120 % and 114 % , respectively, as a percentage of GDP .
 
PUBLIC DEBT
2013: 114% (€ 18,7 billion )
2014: 124,4% (€ 19,6 billion )
2015: 120% (€ 19,4 billion )
2016: 114% (€ 19,1 billion )
 
 
Social expenditure is projected to increase in 2014, to two billion 658 million euros , compared to two billion 573 million euros this year , an increase of 3 % . Due to rising costs of unemployment and redundancy , in conjunction with the non- adjustment of pensions .
 
SOCIAL EXPENDITURE
2014: € 2,658 billion . ( +3 % )
 2013: € 2,573 billion .
 
The Finance Minister will table in Parliament these changes , as provided in the Memorandum .

 

http://www.ant1iwo.com/oikonomia/2013/11/30/enuarryntikes-oi-ektimhseis-ths-troikas/