#Cyprus economy

With three gold and two silver medals, Cyprus ranked third in The Economist’s economic pentathlon which calculated how the 27 EU member states perform on the five major challenges facing ...

Cyprus’ economy may be resilient enough to withstand the fallout from the conflict between Israel and Hamas, however the island may also be classed as a danger zone if the ...

By Andreas Charalambous and Omiros Pissarides The global economy is undergoing a difficult period, characterised by the enduring geopolitical turmoil and uncertainty, which adversely affect energy security and food sufficiency ...

Short-term patchwork government measures to deal with cost-of-living crisis and persistent inequalities are not enough By Les Manison A report by the OECD on “taxing wages” reveals that the increase ...

Former Finance Minister Constantinos Petrides on Saturday urged the current government to “modestly read the reasons” for the upgrade of Cyprus’ credit score by Moody’s. He added that the ...

The north’s gross domestic product (GDP) grew by 13.3 per cent in 2022, according to the north’s statistics agency. The total GDP stood just shy of 73.9 billion TL (€2.6 billion), which ...

The geopolitical tensions in recent years have taken a toll on the climate of cooperation, especially between major countries. The global economy is rather sluggish, financing conditions have worsened, while ...

The government is “constantly taking measures” in the battle against inflation rates, according to Finance Minister Makis Keravnos. Speaking after a meeting with the Association for the protection of borrowers (...

Finance minister Makis Keravnos was disparaged and ridiculed for the measures he announced after Wednesday’s council of ministers meeting, one newspaper columnist referring to them as “targeted mockery.” He ...

Human resources are “the most important wealth-producing resource of our economy”, according to Labour minister Yiannis Panagiotou. Panagiotou was speaking at the Cyprus human resources development authority (HRDA)’s annual ...

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 enforcement, President Nikos Christodoulides ...

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 well as revised timeline of landmarks, ...

Former Disy leader Averof Neophytou on Thursday called on the government to take immediate measures to deal with the negative trends shown by economic indicators in the second quarter of ...

The decision of the Russian Federation to suspend its double taxation agreements with a host of countries it considers ‘hostile,’ including Cyprus, because of the sanctions they have imposed, should ...

Italy’s economy performed surprisingly poorly in the second quarter, data showed on Monday, offering an uncomfortable outlook for Prime Minister Giorgia Meloni as her government tries to tackle the ...

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 to the data collected ...

Cyprus’ fiscal council noted significant delays in the implementation of commitments related to the Recovery and Resilience Plan (RRP), in its interim report published on Tuesday. The council emphasized that ...

By Andreas Charalambous and Omiros Pissarides Three years after defaulting on its repayments, Zambia recently reached a debt relief deal. The end of the impasse over the African nation’s ...

By Les Manison Newly elected President Nikos Christodoulides promised in his campaign that his government would be one of “broad social acceptance”. For the economy this should mean a situation ...

Banks warned on Friday that a proposed bill to allow loan defaulters to file a case in court to suspend the foreclosure process, posed a huge risk to the banking ...

As Cyprus braces for an almost inevitable new wave of sanctions to hit soon, the government conceded on Wednesday the effect on Cyprus’ services sector has been detrimental. The impact ...

Despite the global uncertainty, the Cypriot economy is continuing a positive course in 2023, Finance Minister Makis Keravnos said. Speaking at the forum of the Cyprus association of financial analysts (CFA) ...

There is no magic bullet to solve either the Cyprus issue or the unstable economic conditions, President Nikos Christodoulides said on Saturday in his first televised Easter message. “In these ...

Cyprus’ economy will grow by 2.5 per cent this year as both inflation and unemployment recede, according to the latest forecast from the International Monetary Fund. In its April ‘World Economic ...