HR-Net - Hellenic Resources Network Compact version
Today's Suggestion
Browse through our Interesting Nodes on the European Union (EU)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Monday, 23 October 2017
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Cyprus News Agency: News in English, 09-06-02

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] FINANCE MINISTER - BANKS
  • [02] EUROSTAT - CYPRUS - UNEMPLOYMENT

  • [01] FINANCE MINISTER - BANKS

    The Ministry of Finance will hold a written bidding process on Wednesday for the allotment of the 1.5 billion euros, raised during the issue of Cyprus` four-year bonds in international markets, Minister of Finance Charilaos Stavrakis said on Tuesday.

    ``The 1.5 billion euros are the product of the very successful issue of the Republic of Cyprus. These (funds) through a transparent written bidding process will be deposited to the banks and cooperative establishments offering the most competitive rates,`` Stavrakis said speaking to the press.

    Cyprus concluded last Monday the book building for the issue of 1.0 billion euro government bonds to international investors. The Finance Ministry increased the threshold to an issue of 1.5 billion euros after strong demand reaching around 5.4 billion euros. A total of 1.25 billion euros were allocated to international investors while 250 million euros were given to local investors.

    Stavrakis also said that the deposit of these funds to Cypriot commercial banks and cooperative establishments would constitute ``a significant liquidity injection in the Cypriot economy, leading to further interest rate cuts.``

    [02] EUROSTAT - CYPRUS - UNEMPLOYMENT

    Unemployment reached 5.4% of the active population in Cyprus in April 2009, compared to 5.0% in March 2009, according to Eurostat data released on Tuesday.

    Despite the increase in the unemployment rate, Cyprus had the third best performance in the EU27, the average of which presented a decade record, rising to 8.6%.

    The unemployment rate for men was 5.3% in April compared to 4.8% in March, and 5.5% for women in April compared to 5.3% in March. Among the youth, March figures show unemployment standing at 12.6%.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright 1995-2016 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    cna2html v2.01 run on Tuesday, 2 June 2009 - 17:39:13 UTC