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NICOSIA Cheap Nike Vapormax Triple Black , May 15 (Xinhua) -- The contraction of Cyprus's gross domestic product (GDP) slowed down in the first quarter of 2014 compared to the same period last year, according to data released by the Statistics Department on Thursday.


The department said the GDP of the crisis stricken eastern Mediterranean island shrank by 0.7 percent in the first quarter (Q1) this year compared with 0.8 percent shrinkage in Q1 of 2013.


On a year-on-year basis, Cyprus's growth contracted by 4.1 percent, according to the statistics data.


Cyprus was brought back from the brink of bankruptcy in March 2013 when it signed a 10-billion euro bailout with the Eurogroup and the International Monetary Fund.


The deal involved the shutting down of a faltering lender and the recapitalization of its primary lender with depositor's money, leading to an acute shortage of liquidity to fund growth.


The Cypriot economy contracted 5.4 percent in 2013, well below an original projection by international lenders for a 7.7 percent regression.


Their projection of this year's contraction was for a 4.7 percent year-on-year drop in GDP Cheap Nike Vapormax 97 , but Fitch Ratings put its own estimate of the shrinkage at 3.9 percent when it upgraded Cyprus ratings by a notch in April.


The Eurogroup and the IMF have said they expect Cyprus to return to a modest 0.9 percent growth in 2015.

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Organizing Snow Removal Equipment

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Hearing Center: When to Get Help Health Articles | August 7, 2012
This article is about the hearing center facilities that help people with their needs. It explains what one can expect from a hearing center.

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