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...
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Constantinos Petrides
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...
Our View: Success shows bond issue well timed
Although news of the government’s bond issue had been met with some disparaging remarks in some quarters, it proved a resounding success. The government raised...
Coronavirus: Petrides welcomes decision by banks to forego compound interest on suspended loans
Finance Minister Constantinos Petrides on Friday welcomed the announcement by the banks’ association (ACB) that they would not charge compound interest on the deferred interest...
Coronavirus: economy could contract by 5 per cent this year, Petrides says
The economy was heading for recession and could contract by 5 per cent this year said finance minister Constantinos Petrides on Tuesday. Speaking on CyBC’s...
Coronavirus: plenum to meet briefly Friday to push through revised econ package (Update 2)
The revised package of support for the economy from the aftermath of the coronavirus pandemic is headed to the cabinet on Thursday, followed Friday morning...
Coronavirus to have substantial impact on state finances, Petrides says
The coronavirus crisis will have a substantial impact on the state’s finances, Finance Minister Constantinos Petrides said on Thursday, after chairing a meeting that examined...
FinMin to take part in Eurogroup meeting on Monday
Finance Minister Constantinos Petrides will travel to Brussels on Sunday to take part on Monday in a Eurogroup meeting to discuss, among other issues, the...
State preparing to counter risk of public service pay cuts being reinstated, Petrides says
The treasury is preparing reaction scenarios should the Supreme Court uphold the ruling of the Administrative Court on the unconstitutionality of cuts in salaries and...
Disy reshuffle on the cards
Disy MP Solon Kasinis has resigned, reportedly over serious health reasons, along with Stella Kyriakidou who has now given up her seat in parliament following...
Petrides says buffer zone a ‘black hole’ for irregular migration
The interior ministry and the foreign ministry will soon announce a package of measures to tighten controls both at crossing points and uncontrolled areas along...
Petrides: increased demand for affordable housing poses challenge to state and society
Cyprus compares favourably to other EU countries on the scale of affordable housing, Interior Minister Constantinos Petrides said on Wednesday but changes to the landscape...
‘Crucial step’ forward for reforms as municipalities give green light
WHAT the government called a “crucial step” towards local authority reform was given the green light by the union of municipalities on Saturday but trouble...
From ‘one more stop’ to ‘one-stop-shop’, investment procedures upgraded
Interior Minister Constantinos Petrides on Friday presented a new bill relating to big investments which aims to cut red tape, make licensing easier and tackle...
