Posts by tag: 10 years

Archives April 24, 2013 posted by

Dog days for Cyprob negotiations in Nicosia

THE United Nations (UN) is very sympathetic towards the struggle the Cypriot people now face, UN Special Advisor on Cyprus Alexander Downer said yesterday after a meeting with President Nicos Anastasiades at the Presidential Palace.

Downer said he hopes to announce a dinner between President Anastasiades and Turkish Cypriot leader Dervis Eroglu after his meeting with the latter today. Downer will head to Greece on Thursday to meet Greek Foreign Minister Demetris Avramopoulos before travelling to Turkey on Monday to meet Turkish Foreign Minister Ahmet Davutoglu. “I will go into those meetings well armed,” Downer said. 

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Archives August 24, 2012 posted by

Deficit to be higher than expected

THE government expects this year’s deficit to reach around 4.5 per cent, instead of the earlier forecast of 3.5 per cent, due to lower-than-expected revenues, its spokesman said yesterday.

“Our estimate, without taking additional measures, is that the deficit will hover around 4.5 per cent,” Stefanos Stefanou said.

The deficit for the first half of the year reached 3.0 per cent, according to finance ministry data.

Revenues rose by 1.26 per cent, less than what is forecasted in the 2012 budget.

“The fact that the increase in revenues is less than expected is due to a series of reasons, like for example the fall in consumption,” Stefanos Stefanou said.

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