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Cypriot Investment Scheme
Repossession Property Yield Properties

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  • 15 July 2019 Larnaca new high rise tower projects

    In Larnaca, some 20 – 30 high-rise residential developments and hotels... read more

  • 27 June 2019 Home Saves homes but also sells them away

    On September 2, applications for the Home project will begin. Yesterday the... read more

  • 18 June 2019 Citizenship by Investment Property Fair in Beirut Lebanon

    On 13 and 14 June 2019 we took part, together with our legal team, in the... read more

  • 13 May 2019 Petrolina will move storage units by years end

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  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 15 July 2019 Larnaca new high rise tower projects

    In Larnaca, some 20 – 30 high-rise residential developments and hotels... read more

  • 27 June 2019 Home Saves homes but also sells them away

    On September 2, applications for the Home project will begin. Yesterday the... read more

  • 18 June 2019 Citizenship by Investment Property Fair in Beirut Lebanon

    On 13 and 14 June 2019 we took part, together with our legal team, in the... read more

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... 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/