Financial Mirror (Cyprus) - - FRONT PAGE -

fall in the tax bur­den over the medium term, hav­ing risen in the short term. Some of the mea­sures in­clude not can­celling the 6-month un­em­ploy­ment bonus that civil ser­vants re­ceive when claim­ing re­tire­ment ben­e­fits, while rais­ing the re­tire­ment age to 65 is deemed as un­re­al­is­tic.

Bri­tain’s For­eign Sec­re­tary Jack Straw could pull out of his planned visit to Cyprus over a row with the govern­ment about where he plans to meet Turk­ish Cypriot leader Mehmet Ali

No Straw:

Talat. How­ever, he may be pre­pared to in­sist that flags and em­blems be re­moved dur­ing any visit.

The five su­per­vi­sory bod­ies over­look­ing the fi­nan­cial ser­vices sec­tor could be merged into just one or two au­thor­i­ties over the next few years, ac­cord­ing to IMF Ex­ec­u­tive Di­rec­tor Joroen Kre­mers. The five su­per­vi­sory bod­ies cover the com­mer­cial banks, the Co-op­er­a­tives, in­sur­ance com­pa­nies, the stock ex­change and fi­nan­cial ser­vices.

The un­em­ploy­ment rate rose to 3.9% of the labour force in De­cem­ber, mainly be­cause of lay­offs in the ho­tels and restau­rants sec­tor, as well as pub­lic ad­min­is­tra­tion, while the av­er­age for the year was 3.7%, up from 3.6% in 2004.

Agri­cul­ture Min­is­ter Efthymios Efthymiou said that the case of bird flu in Turkey are no cause for con­cern in Cyprus, as all pre­cau­tion­ary mea­sures have been taken.




Job­less up:



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