Petrides testifies for two hours to panel probing citizenship programme
Finance Minister Constantinos Petrides testified for two hours and 40 minutes on Tuesday before a panel probing the island’s citizenship by investment programme, which was...
Constantinos Petrides
Petrides issues new appeal to MPs to pass budget
Finance Minister Constantinos Petrides on Thursday appealed to parliamentary parties to back the 2021 state budget as it constitutes the main weapon for tackling the...
Our View: Government should not rush into another lockdown
It was reassuring to hear Finance Minister Constantinos Petrides say the government would try to avoid a new general lockdown. Another lockdown would be disastrous...
FinMin to present state budget to MPs on Monday
Debate on the 2021 state budget will begin on Monday at the House finance committee. Finance Minister Constantinos Petrides will brief MPs on the course...
Diko leader’s slurs over passports is ‘pot calling the kettle black’, says Petrides
Finance Minister Constantinos Petrides said Friday Diko chairman Nicolas Papadopoulos knew well the citizenship by investment regulations he was accusing the government of flouting because...
Fitch says Cyprus’ NPEs likely to increase due to Covid-19 shock
Fitch ratings agency has affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook. According to Fitch, Cyprus’ rating balances its...
Finance minister ups outlook for economy (updated)
Policies put in place by the government in response to the pandemic have succeeded, Finance Minister Constantinos Petrides said on Tuesday, upping economic predictions for...
Cyprus set to be ‘remade’
With €1bn in EU recovery grants, the scope of the changes is said to be unprecedented By Andrew Rosenbaum IN WHAT is being seen as...
Petrides to consult party leaders before drafting state budget
The president has instructed Finance Minister Constantinos Petrides to hold talks with political parties ahead of drafting the state budget for next year, the government...
Russia and Cyprus sign amended double taxation treaty
Russia and Cyprus on Tuesday signed a protocol amending the double taxation treaty following the conclusion of negotiations in August. “Signing the protocol ensures continuation...
Finance minister heads to Moscow to try and save double taxation treaty
Finance Minister Constantinos Petrides leaves for Russia on Sunday as head of the Cyprus negotiating team to discuss Moscow’s plans to scrap a deal that...
Cyprus and Switzerland sign protocol for avoidance of double taxation
Cyprus and Switzerland on Monday signed a protocol for the avoidance of double taxation. The agreement was signed between Finance Minister Constantinos Petrides and the...
Interest in bonds shows confidence of international markets in Cyprus
Cyprus on Tuesday raised €1bn after it re-opened bonds due in 2024 and 2040 in a bid to absorb cheaper cash to repay more costly...
Petrides optimistic Cyprus will cover lost economic ground
The gradual easing of restrictions and reactivation of the economy will enable Cyprus to cover lost ground, Finance Minister Constantinos Petrides said on Thursday, as...
Govt withdraws support scheme on failure to agree with parties (Update 1)
After weeks of haggling, the government on Tuesday withdrew a scheme for state-backed borrowing to support businesses because the numerous amendments demanded by the opposition...
Coronavirus: ‘some parties’ raising obstacles to econ bill, Petrides says
Certain parties are continuously making new demands and raising obstacles to the approval of the bill on state-backed borrowing, Finance Minister Constantinos Petrides said on...
House finance committee to meet Monday via teleconference on economic package
The House finance committee is expected to convene on Monday via teleconference to discuss a new government package to mitigate the economic impact of the...
Coronavirus: Petrides warns Cyprus entering ‘most dangerous phase’ of crisis (Updated)
Finance Minister Constantinos Petrides warned Wednesday that Cyprus was entering the most difficult and dangerous phase of the coronavirus crisis that could prove catastrophic for...
Coronavirus: applications to suspend loans reach 50,000, worth €10bn, Petrides says
Requests to suspend loans under the government measures have reached 50,000 amounting to €10 billion, Finance Minister Constantinos Petrides said on Friday. In a post...
Coronavirus: Cyprus will have to raise its own funds to cover economic measures
Cyprus would have to rely on itself for raising funds for its economic measures as the Eurogroup meeting that concluded on Thursday night decided to...
