Financial Mirror (Cyprus) - - FRONT PAGE -

joined the ERM2 and af­ter the 0.50% rate cut, with the long-dated bond yields tum­bling a whop­ping 100 bps while the Cen­tral Bank was flooded with CYP 575.5 mln worth of bids for CYP 260 mln of se­cu­ri­ties on ten­der.

Cyprus’ con­tri­bu­tion to the EU’s 2005 bud­get will reach 157 mln eu­ros,

EU bud­get:

about 3 mln less than ini­tially planned Euro­pean Com­mis­sion af­ter re­vi­sions.

Busi­nesses should start plan­ning for the euro im­me­di­ately, be­cause it will af­fect all kinds of oper­a­tions, from the purely tech­ni­cal to a com­pany’s wider strat­egy, said Kyr­i­a­cos Zin­gas, Se­nior man­ager of the Fi­nan­cial Mar­kets and Public Debt Man­age­ment Di­vi­sion at the Cen­tral Bank of Cyprus.

Euro plan­ning:

Re­tire­ment age:



The Cab­i­net adopted a pro­posal to ex­tend the re­tire­ment ceil­ing for civil ser­vants to the 63rd year of age.

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