Thursday October 2, 2014 Search
Weather | Athens
27o C
19o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Cyprus Q4 GDP fell less than in Q3

Cypruss recession-hit economy contracted by 1 percent in the fourth quarter of 2013, a slight improvement on the 1.1 percent drop in the previous three months, an official flash estimate said on Friday.

But the 10th successive quarterly decline in the Mediterranean islands economy was milder than predicted by the government and the international lenders who bailed out the cash-strapped eurozone country last March.

The latest figures from the statistical services also showed that real GDP, based on seasonally and working-day adjusted data, shrank 5.3 percent in the fourth quarter from a year earlier.

In January, the Finance Ministry had forecast 2013 GDP would fall by 5.5 percent.

That compared with a previous estimate of a 7.7 percent decline, itself revised downward from one of 8.7 percent anticipated at the time the bailout was secured.

The forecast is for GDP to decline by another 4.8 percent this year before posting 1 percent growth in 2015.

[AFP]

ekathimerini.com , Friday February 14, 2014 (19:34)  
Moscovici in charge of budgets seen prompting EU deficits debate
European stocks decline as investors await ECB policy meeting
Attica Bank said to have rejected notable offers
PMI index slides anew in September
Pensioners stage rally in central Athens
Parts of central Athens were closed to traffic on Thursday morning as dozens of pensioners staged a rally on Vassilissis Sophias Avenue. The pensioners were protesting against the government...
Piraeus bus routes altered due to metro station works
Bus routes in Piraeus were expected to be altered beginning on Friday due to works carried out at the city's metro station, it was announced Thursday. For more information on the upcoming bu...
Inside News
SOCCER
Rosenberg punishes Olympiakoss errors at Malmoe
A disappointing Olympiakos got the worst possible result from its clash with Malmoe in Sweden for the Champions League, going down 2-0 on Wednesday due to its own defensive errors and attack...
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
Inside Sports
COMMENTARY
Theres money, still
The decision reached by Prime Minister Antonis Samaras and his deputy, Evangelos Venizelos, to seek a vote of confidence in Parliament on October 6, is a final attempt to restore order in th...
EDITORIAL
Confidence and corrections
The government must secure a vote of confidence in Parliament. Any other development would see the country enter very turbulent waters. Prime Minister Antonis Samaras and his cabinet must ag...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Pensioners stage rally in central Athens
2. Piraeus bus routes altered due to metro station works
3. Moscovici in charge of budgets seen prompting EU deficits debate
4. Air travel to run smoothly after air traffic controllers weekend strike deemed illegal
5. Doctors, medical employees strike over staff shortages, wages
6. European stocks decline as investors await ECB policy meeting
more news
Today
This Week
1. Court to hear Kasidiriaris-Kanelli case
2. Doctors, medical employees strike over staff shortages, wages
3. European stocks decline as investors await ECB policy meeting
4. Air travel to run smoothly after air traffic controllers' weekend strike deemed illegal
5. Moscovici in charge of budgets seen prompting EU deficits debate
6. Pensioners stage rally in central Athens
Today
This Week
1. Greece may opt for unusual president to avoid snap polls, Venizelos says
2. Woman allegedly buried alive by accident in northern Greece
3. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
4. Should you bet with Kissinger on where the world is heading?
5. Cypriots divided by 1974 war seek Shariah hub
6. The shocking thought of euro-dollar parity
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.