Les Manison

Impressionistic evidence and recent opinion surveys indicate that the affordability crisis is the most pressing concern for Cyprus households. Indeed, many persons state their inability to cope with daily cost-of-living ...

Cyprus banking representatives recently visited European regulators in Brussels declaring that the island’s banks are “stronger than ever” citing impressive levels of key indicators on financial stability and profitability. ...

The election to select 56 members to the House of Representatives will take place on May 24 with 19 political parties and 743 candidates participating. Will voters in Cyprus follow their European counterparts and ...

In the run-up to the parliamentary election on May 24, candidates have clashed on the ability of their political parties to manage the economy. In particular, in reaction to the policy ...

President Nikos Christodoulides and Finance Minister Makis Keravnos brag frequently about the successful performance and good management of the economy by citing the relatively rapid growth of GDP and the ...

As the war with Iran, involving Israel and the US, escalates, governments in Europe appear to be underestimating its ongoing and future damaging economic impact. Already, the war has triggered ...

Even before the outbreak of the war on Iran the Cyprus government faced profound challenges including the need to protect the living conditions of lower income households, to undertake investments ...

During the administrations of the governments of Nicos Anastasiades and Nikos Christodoulides praise has been heaped on the economic performance of Cyprus by referring to statistics on its relatively rapid ...

The phenomenon broadly referred to as corruption has existed for over 2,000 years. And throughout history accusations of corruption have caused governments to fall and prominent politicians, including presidents and prime ...

In recent days the government of President Nikos Christodoulides and MPs approved the government budgets and a tax reform. In doing so they have missed real opportunities to support policies ...

Members of the House of Representatives should not rush to approve the questionable ‘tax reform’ proposed by the government. This is because its contents are largely not compatible with achieving ...

It has been business as usual with the preparation of the Cyprus government budgets for 2026 to 2028 with little attention being paid to addressing current and future policy challenges, including narrowing ...

The Cyprus government is generating large surpluses and accumulating deposits at banks reaching €6.8 billion at the end of September 2025.  And Cyprus banks held cash and cash balances totaling €19.6 billion or ...

There are compelling reasons why the property sector in Cyprus should be subject to greater taxation and, moreover, should be a key part of the forthcoming tax reform. Firstly, in ...

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 ...