Les Manison

Data for the years 2022 to 2024 and the first seven months of 2025 indicate that the purchases of Cyprus real estate by foreigners are rapidly increasing. This frenzy in buying Cyprus properties ...

There are three main criticisms of the proposed tax reform. First, it is not directed at meeting the medium to longer-term government revenue and expenditure needs of Cyprus and is ...

Cyprus’ GDP is growing rapidly and banks are making big profits, but is the welfare of most people benefiting from such developments? The answer is a definite no as the ...

In addition to trying to solve the overarching Cyprus problem, governments have faced many interrelated challenges, including ensuring the adequate functioning of physical infrastructure systems, implementing reforms required for EU ...

President Nikos Christodoulides has stated repeatedly that the proposed tax reform will “aim at reducing the tax burden on families and working people, modernising the economy, and encouraging competitiveness”. However, ...

The bursting of interrelated credit and property bubbles has caused financial crises in the US and certain European countries, including Cyprus, in recent decades. The epicentre of the global financial ...

The rich are having a disproportionately large impact on economic activity, spending and saving behaviour throughout the world. The wealthy with their political influence and control over financial resources are ...

In Cyprus the financial crisis of 2012-13 resulted in a loss of wealth for many households owing to the “deposit haircut” and the collapse of prices of bank shares and ...

In 2024 Cyprus banks continued to amass very large profits. However, their self-serving behaviour, particularly in conduct of interest rate and lending policies, has meant that banks fell far short in ...

Government policies in allocating resources implicitly promote consumerism, mass tourism and property development as the key drivers of economic growth President Nikos Christodoulides and the Finance Minister Makis Keravnos claim ...

Given Russia’s ongoing invasion of Ukraine and the broader threat that President Putin’s regime poses to Europe and the prospect that Ukraine and America’s Nato allies may ...

President Donald Trump and Vice President JD Vance of the new US administration have recently levelled pointed criticisms on the policies and democratic values of Europe. They have criticised European ...

In presenting his ‘State of the Republic’ address on Cyprus on January 29, President Nikos Christodoulides stressed that the goal of the policy actions to be taken in 2025 would be “to ...

The current Cyprus government is failing in addressing interrelated key economic, social and environmental issues as well as corruption by not implementing rational reforms and measures. It is just resorting ...

Government budgets are the main instrument of economic policy that determine how resources are to be allocated and collected from various interest groups. On Wednesday, MPs voted to approve the ...

By taking fixed deposits at the second lowest interest rate in the euro area at an  average of 1.8 per cent and lending part of these funds at the third highest ...

In the immediate years after the Cyprus financial crisis of 2012/2013 there was a compelling need to stabilise government finances with austerity and banks with credit restraint, however, such policies have ...

The Cyprus government’s budgets for 2025 to 2027 presented to the House of Representatives in October 2024 constitute business as usual with just a mechanical updating of the government finance estimates for 2024. ...

A meeting of the Finance Committee of the House of Representatives on October 7, 2024 discussed the proposal of the general secretary of Akel, Stefanos Stefanou, for the levying of a temporary ...

In managing the Cyprus economy, decision-makers focus on real GDP growth and whether the government is generating surpluses. Indeed, government officials backed by the European Commission, the IMF and numerous ...

The discovery of the highly promising Aphrodite gas field in 2011 presented Cyprus with economic and political opportunities, while at the same time it risked a worsening of its already tense ...

Article 9 of the Constitution of the Cyprus Republic states that “Every person has a right to a decent existence and to social security”. The aim of this article is in ...

Decision-making regarding appraisal, risk assessment and management of public investment projects as well as possible partnership agreements with the private sector are taken with increasingly little consideration of the potential ...

Cyprus banks are failing in giving decent interest rates on customer deposits and in providing sufficient credit at reasonable interest rates to businesses and households to support balanced economic growth ...