Former heads of Duhanski kombinat Prilep (TKP) Toni Micajkov and Dimitar Bogdan have been sentenced to five years in prison. Moreover, they have to pay fines of MKD 300,000. This is a result of three-year legal proceedings filed against 11 persons before the Skopje Basic Court for VAT and excise duties fraud. The Macedonian Department for Organized Crime charged the 11 persons for tax evasion, providing help and participating in crime related to 500 tons of cigarettes. They caused damage of MKD 500 million to the State in the period between January 1, 2005 and April 18, 2006. Their crime consisted of counterfeiting customs regulations and invoices for cigarettes, which were sold on the Macedonian market instead of markets of Cyprus and Kosovo.(Spic)Source/Author PressCut
Cyprus was formally placed under EU supervision for its excessive budget deficit. However the Finance Minister Charilaos Stavrakis said on 14 July that the Cyprus Government is handling the economy and the public finances with responsibility. Speaking at Larnaka airport on his return from Belgium where he participated in the...
Cyprus trade deficit narrowed to 418.2 million in May from 436.8 million in April the Statistical Service of the Republic of Cyprus said on 12 July. A year ago the deficit was 396.3 million. In May total value of imports amounted to 512.5 million down from 516.9 million in April....
LISBON: Europe's debt crisis flared anew yesterday as Portugal suffered a cut to its credit rating and European finance ministers battled to dispel fears about the health of the banking sector.
Greece returned to the international debt markets for the first time since securing an EU-IMF bailout in May and the French government approved a draft pension reform plan that would lift the retirement age by two years.
The euro hit a one-week low against the US currency, falling to US$1.2533 after international ratings agency Moody's Investor Services cut its rating on Portugal's government debt by two notches.
But the single currency later rebounded, rising to US$1.2626 as investors deemed the Greek bond issue to have been a success, as the yield - or interest rate.....
Consumer prices in Cyprus grew at a slightly faster pace in June official data showed on 1 July. The consumer price index or CPI rose 1.94% year-on-year in June faster than 1.61% in May data from the Statistical Service of the Republic of Cyprus showed. Inflation stood at 2.44% in...
Cyprus President Demetris Christofias said on 24 June he hoped to enhance economic and trade cooperation with China in order to further boost the friendly ties between the two countries Xinhua reported. Christofias told a Chinese commerce delegation that Cyprus was a trustworthy political and economic partner of China noting that...
NICOSIA, Cyprus, June 22 /PRNewswire/ -- As binary options continues to grow in popularity around the world due to the perceived benefits of binary options trading, the boundaries continue to widen. In the last few years, as online trading has evolved from forex trading to binary options trading, a
LIMASSOL, Cyprus, June 21 /PRNewswire/ -- Further to the recent announcement of free signals for live trading accounts and the revamp of their market news and economic calendar resources, online forex broker TadawulFX has now launched its new demo trading accounts, which unlike most demo accounts,
Cypriot Minister of Commerce Industry and Tourism Antonis Paschalides said on 15 June that Russia is amongst the largest foreign investors in Cyprus. Addressing the Moscow Business Forum in Russia the Minister said that the value of Russian investments in Cyprus reached 2 billion in 2008 whereas the value of...
PAPHOS, Cyprus, June 17, 2010 /PRNewswire/ -- CrazyScratch.com
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entertainment, is set to stir up a frenzy amongst Brits and players from all
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