#Cyprus economy

‘Cyprus needs to commit to economic reform’ Cyprus needs to commit to comprehensive economic reform to enhance its competitiveness and facilitate the green and digital transition, President Nikos Christodoulides said ...

By Andreas Charalambous and Omiros Pissarides The favourable assessments from the European Commission and the IMF, as well as the global rating agencies, demonstrate the satisfactory course of the Cypriot ...

Banks on Wednesday agreed to extend the foreclose freeze for primary properties but stressed it was the last time this would happen, urging government and parliament to find a solution ...

U.S. Treasury Secretary Janet Yellen on Thursday said U.S. third quarter economic growth of nearly 5% was “a good strong number” that points to a soft landing for the ...

Talking about the state budget for 2024 at the House finance committee on Monday, Finance Minister Makis Keravnos said he was worried about the increase of the public payroll, which stands ...

By Andreas Charalambous and Omiros Pissarides In recent decades, the Chinese economy has been expanding at a fast pace and has proved to be a strong driving force behind the ...

Parties across the political spectrum have supported the government’s recent raft of measures aimed at helping people through the cost-of-living crisis. Disy, Akel, Diko, Depa, the Greens, Edek, and ...

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 ...