Cyprus economy
The government aims to further support the growth of the financial services sector by bolstering the relevant regulatory framework, by strengthening supervision and by ensuring effective...
Cyprus submits revised Recovery and Resilience Plan to the EU Commission
Cyprus has submitted to the European Commission the revised Recovery and Resilience Plan, incorporating the REPower EU chapter with additional funds of €104 million, as...
Annual impact of Turkey’s economic embargo on RoC at 1% of Cyprus GDP
The impact of Turkey’s economic embargo on the Republic of Cyprus amounts to around one percentage point of the Gross Domestic Product (GDP) annually. According...
Our View: Bank-bashing is a frequent activity of populist politicians
The populists of the political parties have found a new, worthy cause in the last few weeks – to protect people from rising interest rates....
Consequences of persistent inflation and monetary policy
By Andreas Charalambous and Omiros Pissarides With the easing of the pandemic and the gradual reactivation of economies, rising inflation was initially perceived as a...
Ex-minister rubbishes MPs’ claims as fuel tax saviours
Former Finance Minister Constantinos Petrides has slammed down hard on the narrative propagated through the media – that it was MPs who ‘saved the day’...
Our View: Lack of jobs is not the reason for high youth unemployment
During the presidential election campaign the candidates expressed concerns about youth unemployment, which they all promised to tackle if elected. The prevailing wisdom has always...
Income inequality widens as crises hit poor and favour the wealthy
By Andreas Charalambous and Omiros Pissarides Income inequality followed an increasing trajectory at a global level until the mid-1990s and a downward trend in the...
Socio-economic challenges facing new government
By Les Manison In his campaign to become President of the Republic of Cyprus Nikos Christodoulides promised that his government would be one of “broad...
Management of the Cyprus economy since 2013 has only benefited the few
The Cyprus government under the leadership of President Nicos Anastasiades has done a poor job in managing the economy with respect to benefiting most of...