This 2017 Article IV Consultation highlights that the Cypriot economy has achieved an impressive turnaround since the 2012–13 banking crisis. GDP growth has been accelerating for three consecutive years on strong foreign demand. Rising labor demand has sharply lowered the unemployment rate to 10.3 percent as of September 2017. Emergency liquidity assistance to banks has been fully repaid. Gains in cost competitiveness and strong foreign demand have narrowed the underlying current account deficit (excluding large one-off imports). The current strong growth momentum is expected to persist for the next several years, underpinned by ongoing large construction projects and weak payment discipline.
This publication covers more aspects than Eurostat's RandD Annual Publication. As well as the usual statistics on RandD expenditure, personnel and patents, it contains, for the first time, data on innovation, employment in high tech sectors and human resources in science and technology. The role of the Community RTD policy is also considered as is the possible future direction for a new set of science and technology statistics.
This paper offers elements of a possible strategy to deal with San Marino’s nonperforming loans (NPLs). It provides a brief overview of the reasons behind the accumulation of impaired assets by Sammarinese banks. This paper also presents some stylized facts regarding the nature and composition of San Marino’s problem loans. Further, it summarizes the experience of other small economies in dealing with weak banks and NPLs, with a view to drawing policy lessons. This paper also discusses recent measures implemented by the Sammarinese authorities to address weak financial institutions and their problem assets and examines the main impediments to deal with NPLs in San Marino’s legal and tax framework.
This publication brings together the most relevant and useful information for the evaluation and development of consumer policy. The material includes data from various sources including EUROSTAT, other Commission services as well as other surveys and studies. This edition focuses on services of general interest. Although the prime objective of this publication is to help policy-makers at the European level to better understand the needs of consumers in general, the publication should also be of use to other stakeholders interested in consumer affairs, such as consumer organisations, other public authorities and even suppliers of goods and services. This is the third edition of a series of publications. Data cover the period 1999-2006.
This publication provides a statistical portrait of the European Union (EU) in relation to the rest of the world. It complements information found in the continuously updated online publication Europe in figures - Eurostat yearbook and in the Eurostat regional yearbook. It may be viewed as an introduction to European and international statistics and provides a starting point for those who wish to explore the wide range of data..--
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