#Cyprus economy

Democratised market systems in most Western countries, including the diverse economies of the United States and Cyprus, are failing society in that wealth has become increasingly concentrated among the very ...

Finance Minister Makis Keravnos on Saturday welcomed Morningstar DBRS’ decision to revise Cyprus’ credit outlook from stable to positive while affirming the Republic’s long-term rating at ‘A’, describing it ...

Cyprus’ economy grew by some 3.3 per cent in the first half of 2026, more than three times the average of other member states, Finance Minister Makis Keravnos said on Wednesday. Speaking ...

President Nikos Christodoulides was perfectly entitled to boast about the economy’s performance at his meeting with the executive committee of the Employers and Industrialists Federation (OEV). The forecast growth ...

The Cyprus economy appears to be resilient to external shocks and continues to grow at a satisfactory rate, although inflationary trends persist, the finance minister said on Tuesday. Makis Keravnos ...

The finance ministry has not said very much about the rising inflation rate for July that was announced by Cystat on Wednesday. The finance ministry tends to issue announcements only ...

The years 2025 and 2026 were marked by intense geopolitical turmoil in the Middle East, with adverse worldwide effects on the cost of living and economic growth. The policy responses of EU ...

By Andreas Charalambous and Omiros Pissarides For decades, the trajectory of the global economy was built on the deepening of trade and other cross‑border linkages. Trade barriers were declining, ...

Low productivity is the main structural weakness of the Cyprus economy, according to the Cyprus Competitiveness Report for 2025. Professor Sofronis Clerides of University of Cyprus, who headed the research team ...

The perception that numbers point to prosperity but citizens suffer is widespread. A typical example is the Democratic Party’s loss in the 2024 US elections, despite the generally satisfactory state ...

The government and Akel traded strongly-worded statements over the state of the economy on Saturday, with Akel decrying the fact that one in six people in Cyprus are, according to ...

The government insisted Thursday that its “effective” economic policy is translating into tangible benefits for the average person. “From the outset, the government has followed a responsible and effective economic ...

A couple of weeks ago, we had the joy of our granddaughter staying over for a few days. That Friday night, worrying about the escalating war, I sat watching her ...

Advances in technology have enabled the rapid spread of information and knowledge, but, at the same time, they have amplified the phenomenon of misinformation and the circulation of false news. ...

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 ...

Cyprus’ inflation rate is one of the lowest in eurozone. In February 2026, according to Eurostat, Cyprus posted an annual inflation rate of 0.9 per cent, significantly lower than the eurozone average ...

The EU is generally perceived as lacking the necessary flexibility to adapt to rapidly changing conditions in a timely manner, due to its complex political system and lengthy decision‑making ...

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 GDP growth rate is “a vote of confidence for the Cyprus economy and a result of our responsible economic policy”, President Nikos Christodoulides said on Friday in a post ...

Cyprus is being recognised as a model of effective cooperation between the state and the business community, a key pillar underpinning the country’s strong economic performance, according to a ...

The government envisions making Cyprus resilient and robust both domestically and overseas, President Nikos Christodoulides said Thursday in his annual ‘state of the union’ address. In the speech, broadcast on ...

A comment often quoted by the late Stephen Hawking, Lucasian professor of Mathematics at the University of Cambridge, captures a risk that extends well beyond physics and into public policy: “...

Cyprus is not merely a recipient of aid but a strategic partner capable of shaping Europe’s future, outgoing European Investment Bank (EIB) Vice-President Kyriakos Kakouris said in an interview ...

Economic sentiment in Cyprus dipped significantly this month, reflecting weaker business confidence in the services and construction sectors, according to the latest survey by the University of Cyprus published on ...