#Cyprus economy

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 ...

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 ...

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 north’s economy would be in recession were it not for Greek Cypriots visiting and spending money, ‘economy minister’ Olgun Amcaoglu said on Tuesday. “After the pandemic, if the ...

In Cyprus the financial crisis of 2012-13 resulted in a loss of wealth for many households owing to the “deposit haircut” and the collapse of prices of bank shares and ...

The European Investment Bank (EIB) is seeking opportunities to enhance support in key areas of public policy in Cyprus, such as water management, defence, energy, housing, and healthcare, EIB Vice-President ...

Rising trade tensions and sweeping shifts in the global trading system will trigger downward revisions of the International Monetary Fund’s economic forecasts but no global recession is expected, IMF ...

Cyprus’ strategic aim to turn the country into ‘a hub for innovation and financial services is being enhanced with tangible results’, government spokesman Konstantinos Letymbiotis said on Thursday of the ...

Great media coverage was given to the departure of an obscure member of Disy, Evgenios Hamboullas, who had served as a party deputy for Famagusta district from 2014 to 2016, taking a ...

By Loukis Skaliotis Some time ago, I wrote in the Sunday Mail that US President Donald Trump’s policies instead of making America great again, would rather usher in the ...

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’...

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 ...

British Prime Minister Keir Starmer has asked the country’s regulators, including the financial and competition watchdogs, to remove barriers to growth in an effort to revive a sluggish economy, ...

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 ...

President Nikos Christodoulides on Saturday hailed Cyprus’ upgrade to an ‘A-’ long-term credit rating by Standard & Poor’s Global Ratings, marking a significant milestone for the country’s economy. ...

Cyprus’ economy is projected to maintain its resilience in 2025, with an anticipated growth rate of 3.1 per cent – significantly higher than the EU average – Finance Minister Makis Keravnos said on Friday. ...

With sound management of public finances, the economy will continue performing well in the next few years, but despite this there is no room for complacency, the finance minister said ...

The final version of a digital citizen app is set to be presented on Wednesday in the framework of the second Cyprus-Greece summit, President Nikos Christodoulides said on Monday. He ...

In the immediate years after the Cyprus financial crisis of 2012/2013 there was a compelling need to stabilise government finances with austerity and banks with credit restraint, however, such policies have ...

A large number of countries are facing increasing problems with pension sustainability and adequacy. To address this challenge, some European countries have adopted a three-pillar framework, which is based on: ...

The World Bank said on Thursday the ongoing conflict between Israel and Hezbollah has caused $8.5 billion in damage and losses to Lebanon, with final figures expected to be significantly higher ...

The year 2025 will be “much more difficult” economically than previous years for Turkish Cypriots, the north’s ‘economy minister’ Olgun Amcaoglu said on Thursday. Speaking to the north’s public ...

By Loukis Skaliotis In a previous article I commented on the need for the world community to restructure the UN if it is to play a more effective role in ...