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Cypriot Investment Scheme
Repossession Property Yield Properties

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  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

  • 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

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

  • 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

No need for new fiscal consolidation measures in 2016

The bailout of the economy performs and continues to make progress, said upper source of the European Commission, according to which there is no need to impose additional fiscal consolidation measures in 2016. Noting that an agreement was reached today at a technocratic level on the updated Memorandum The same source said that while there is a strong and tangible commitment by the Government to achieve the program goals. He noted that the reform agenda remains the same and that they do not need to add new measures to the program unless there is a real need for something so. He also referred to the need for treatment of non-performing loans and approval of draft laws on the sale of loans and the issue of title deeds to the enclaved owners. He also said that Cyprus should proceed with structural reforms relating to privatization and reform public service, adding that despite the fact that no progress however should accelerate the pace of reforms. He also said that there is great need for application of additional fiscal consolidation measures in 2016, expressing the need to ensure the progress achieved so far. even confirmed that indeed the Cyprus comes from the recession and the growth starts to move timidly up.  Answering a question, he expressed the view that based on facts so far Cyprus will ultimately need the entire 10 billion comprising the rescue plan, due to good performance of Cyprus on the issue of fiscal reform. Source: philenews / CNA


- See more at: http://www.philenews.com/el-gr/oikonomia-kypros/146/268839/den-chreiazontai-nea-metra-dimosionomikis-exygiansis-to-2016-anaferei-pigi-tis-komision#sthash.636XUiG2.dpuf