Thursday October 2, 2014 Search
Weather | Athens
27o C
19o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Commission sees Cypriot recession continuing into 2014

The European Commission on Friday slashed its economic outlook for cash-starved Cyprus, doubling its recession forecast for the tiny Mediterranean nation in desperate need of a financial bailout.

The island will see its 17.9-billion-euro economy contract by 3.5 percent this year, the Commission said in its winter economic forecast.

The previous autumn forecast released in November had output contracting by 1.7 percent in 2013.

“Risks remain important and tilted to the downside,” the Commission said.

Conclusion of an adjustment program would be of “paramount importance” in stabilizing Cyprus’s economy, it added.

The economy was expected to contract by a further 1.3 percent in 2014.

[Reuters]

ekathimerini.com , Friday February 22, 2013 (22:17)  
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
Kasidiaris-Kanelli hearing postponed to December 12
An Athens court on Thursday postponed the trial of Golden Dawn’s Ilias Kasidiaris over charges of attempted grievous bodily harm to December 12. The postponement was due to industrial action...
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...
Inside News
SOCCER
Rosenberg punishes Olympiakos´s 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
There´s 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. Kasidiaris-Kanelli hearing postponed to December 12
2. Pensioners stage rally in central Athens
3. Piraeus bus routes altered due to metro station works
4. Moscovici in charge of budgets seen prompting EU deficits debate
5. Air travel to run smoothly after air traffic controllers´ weekend strike deemed illegal
6. Doctors, medical employees strike over staff shortages, wages
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. Piraeus bus routes altered due to metro station works
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.