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Cyprus News Agency: News in English, 13-10-17

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

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


CONTENTS

  • [01] Cyprus must regain its financial credibility, House Speaker says
  • [02] Building permits down by 24.8% in first seven months of 2013

  • [01] Cyprus must regain its financial credibility, House Speaker says

    Cyprus' banking system must regain its credibility and to this end the government has implemented to a great extent and with determination the rescue package agreed with the Troika (EC, ECB and IMF), House Speaker Yiannakis Omirou has said.

    Speaking on Thursday before an extraordinary session of the European Court of Auditors in Luxembourg, Omirou said that increasing the competitiveness of the Cyprus companies, promoting innovation, utilizing the specialized working force and upgrading the island's infrastructure, are useful tools for Cyprus to regain its credibility as a reliable service and investment center.

    He referred to the restructuring of the banking institutions currently underway, saying that the recapitalization will contribute to the restart of the economy. The House Speaker said that according to the results of the recent Eurogroup last September, Cyprus has taken decisive steps towards the stabilization of its economy.

    [02] Building permits down by 24.8% in first seven months of 2013

    The number of building permits authorized by the municipal authorities and the district administration offices from January to July 2013 recorded a drop of 24.8%, compared to the corresponding period of the previous year.

    According to the Statistical Service, during this period 3,220 building permits were issued. The total value of these permits decreased by 20.1% and the total area by 27.9%, while the number of dwelling units recorded a decrease of 25.9%.

    The number of building permits authorized by the municipal authorities and the district administration offices during July 2013 stood at 519, compared to 613 in July 2012, recording a drop of 15.33%.


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