Les Manison

The government budget for 2022 presented to the House of Representatives on October 7 calls for the overall deficit to be reduced substantially from an estimated 5 per cent of GDP in 2021 to 1.1 ...

By Les Manison Comparative data for 2021Q2 published by the ECB under its Single Supervisory Mechanism, reveal that the three largest Cypriot banks performed poorly relative to most of their ...

Prospects for growth in southern European countries are in jeopardy Following the global recession and the European sovereign debt crisis the ECB adopted a policy of monetary accommodation to raise ...

The European Commission, the International Monetary Fund National and the credit rating agency Moody’s have reported that the Cyprus Government has managed the Covid-19 crisis relatively well, with considerable ...

In the aftermath of the global financial crisis central banks substantially lowered interest rates to support the recovery of their economies. In fact, the ECB by September 2015 had reduced its ...

Hourly pay for managers is over five times more than for elementary workers – the highest ratio in the EU. The much-heralded Cyprus Tomorrow plan must narrow that gap It is ...

Cyprus will not be able to take full advantage of ample EU covid aid unless it is willing to undertake major reforms In recent days there has been much advertising ...

Government’s draft recovery plan still relying too much on boosting tourism and property investments By Les Manison The recent release of national accounts, public finance and employment “estimates” for 2020 ...

In 2019, the average salary of a civil servant was €40,000, for a private sector employee it was €20,000 While the official estimate that real GDP contracted by just over 5 per cent in 2020 ...

By Les Manison The state budget is the main instrument for allocating resources geared to meet the government’s policy objectives and reforms. And with the devastating impact of the ...