Omiros Pissarides

During the week of October 13-19, the annual meetings of the International Monetary Fund (IMF) and the World Bank took place, with discussions primarily focused on long-term global economic challenges ...

Foreign direct investment (FDI) is a key driver of economic growth, technological advancement, productivity increase and international competitiveness. For small countries like Cyprus, it offers essential capital, specialised knowledge and ...

Currently, a controversial discussion is taking place concerning the EU budgetary framework for the period 2028-2034. This topic will certainly be a key priority in the coming months, which coincide ...

Efforts to broker peace between Russia and Ukraine have so far been unsuccessful, but if there were an end to the war, what would that look like for Ukraine? It ...

In a recent article, we discussed the short-term effects of President Trump’s economic policies on global equity and bond markets. Today, we will try to analyse the long-term effects, ...

In modern economies, which are characterised by complexity and continuous change, information plays a vital role in resource allocation and price developments. Analysts and professionals base their perceptions and actions ...

The EU is currently facing adverse shocks that reflect inherent weaknesses, including: (a) the difficulty in building consensus and promoting unified positions, (b) an over-dependence on the US, especially on ...

President Trump’s announcement in April of sweeping tariffs – starting at a base rate of 10 per cent for all countries and escalating for China and specific product categories – triggered immediate ...

The availability of data regarding the performance of the Turkish Cypriot economy is limited. However, should efforts to resolve the Cyprus problem intensify, the economic dimension will prove to be ...

Gold has taken centre stage in recent economic developments, as its value has risen steeply. Since the beginning of 2024, gold prices have increased by more than 60 per cent, reflecting the ...

The agreement on the withdrawal of the United Kingdom from the European Union, effective from February 1, 2020, left a strong political and economic imprint on the EU and, an even deeper ...

Although recent global economic developments, including the imposition of trade tariffs and geopolitical uncertainties, are not expected to have significant immediate impact on the Cypriot economy, they nevertheless pose risks ...

The Trump administration’s trade policies continue to monopolise attention. The implications are multidimensional. Among other things, they affect the course of the dollar, as well as the exchange rates ...

Culture is a crucial, but underestimated, factor in socio-economic progress. It influences the perceptions of national authorities and citizens and defines their approach to addressing challenges and interactions with the ...

ALTHOUGH the adoption of an aggressive policy of imposing high tariffs by the United States featured prominently in President Trump’s campaign agenda, the scope of the actual measures has ...

The ongoing discussion on the unfreezing of first-time appointments in the public sector, including local authorities, is crucial, taking into account the size of the public payroll and its broader ...

Most assessments of the developments and prospects of the EU are unfortunately negative. The EU is increasingly criticised for its inflexible policy decision making framework, excessive bureaucracy, inability to play ...

By Andreas Charalambous, Omiros Pissarides, and Evangelos Tryfonos Preventive risk management is of paramount importance, as it mitigates potential negative consequences and enhances the long-term stability of an economy. Taking ...

The performance of the Cypriot economy is currently rather noteworthy: satisfactory growth, low unemployment, modest inflation and surpluses in public finances. However, over time, it has also illustrated excessive deficits ...

Indonesia’s recent accession to the Brics coalition highlights the ongoing and ambitious efforts of its member countries to create a rival to the G7, the alliance of the world’...

Globalisation has been a dominant feature of the socio-economic developments of recent decades. Now, it has been showing signs of de-escalation. For some time now, the view that the unfettered ...

Banks play a key role and are inextricably linked to the outlook of the economy, mainly through supporting growth by providing financing to businesses and individuals. However, as demonstrated during ...

The award of this year’s Nobel Prize in economics to Acemoglu, Johnson and Robinson highlights a fundamental aspect of the global economy, notably inequality between countries. The three scientists ...

Cyprus’ credit rating was recently upgraded from Baa2 to A3 by Moody’s. The double upgrade reflects, firstly, the improvement in the country’s fiscal indicators. Public debt has fallen ...