Cyprus GDP grew by 31% since 2004 EU accession, despite financial crisis

The evolution of per capita GDP in Cyprus compared to the EU average “reflects the severe impact of the economic and financial crisis on the Cypriot economy,” but even so it has grown by 31% in the period 2003-2018, according to data published today by the European Commission on the 15th anniversary of the EU`s large-scale enlargement of 2004. According to the Commission, €1.7 billion was invested

Read more

THE IMPACT OF BREXIT ON THE EU

Brexit will weaken those forces in the EU that favour greater integration. It will also make Germany even more preponderant. Meanwhile the British face a lengthy and difficult negotiation for a new relationship – probably along lines of the ‘Canadian model’. That doesn’t mean that the EU will fall apart, or even that another country will leave, which is highly unlikely in the foreseeable future. But the

Read more