#Cyprus economy

The populists of the political parties have found a new, worthy cause in the last few weeks – to protect people from rising interest rates. They appear to have forgotten that ...

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 transitory phenomenon. The authorities’ underestimation ...

By Andreas Charalambous and Omiros Pissarides The economy of Cyprus depicts positive features as regards growth, employment and public finances. However, its economic development model requires radical adaptation in order ...

International rating agency Fitch, has upgraded Cyprus’ long-term credit rating by one notch to ‘BBB’ with a stable outlook citing, outperformance of fiscal balance and growth rate as the economy ...

Former Finance Minister Constantinos Petrides has slammed down hard on the narrative propagated through the media – that it was MPs who ‘saved the day’ by passing legislation in the nick ...

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 been that the state has ...

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 subsequent period. Over the ...

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 social acceptance” and would represent ...

The Cypriot economy has achieved remarkable performance in recent years amid a period of sustained instability, a senior official with the International Monetary Fund (IMF) said on Tuesday. The comments ...

Bankers failed to make use of idle cash and help create a healthy, equitable economy The activities and performance of Cyprus banks during the Anastasiades administration shows that they have ...

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 its citizens over the past 10 ...

It was to be expected that in a week in which economic demagoguery dominated the election campaign, the only sensible comments we heard about the economy were made by someone ...

Finance Minister Constantinos Petrides on Tuesday charged Akel-backed independent presidential candidate Andreas Mavroyiannis with taking a populist stance on the economy, criticising his proposed policies and saying it was Akel ...

Cyprus ranks fifth among EU member states as regards absorption from the EU cohesion funds, Finance Minister Constantinos Petrides said on Saturday. He added that the “challenge” now is to ...

The outgoing year saw a number of key events in Cyprus’ economy and business world, ranging from domestic legislation to influential international incidents By Kyriacos Nicolaou Resilience amidst adverse conditions ...

Cypriot public finances improved due to increased growth, although they are expected to be adversely affected due to a projected slowdown in the next few months, according to the 13th ...

President Nicos Anastasiades on Friday night stressed that his government will not give into new demands that will affect the financial stability of the island for the sake of popularity ...

The HackAdTech Open Hackathon, dedicated to solving AdTech and MarTech challenges, with an emphasis on improving life on the island will open its doors on November 26. The two-day event plans ...

Cyprus has good applied research and that churns out technologies, but it’s missing the funding. A venture capital fund aims to change all that One of the leading contenders ...

By Andreas Charalambous and Omiros Pissarides The Sahel zone is located south of the Sahara desert and it stretches from the west coast of Africa to the east coast by ...

Unions and employers brace for fight over wage rises Unions and employers’ organisations are on a collision course over the cost of living allowance (CoLA), which they are set to ...

Outgoing president Nicos Anastasiades on Sunday claimed that he was handing over a Cyprus “better than the one he received”. In an interview with ‘INSIDER’ magazine and in relation to ...

Cyprus has coped well with the two shocks of the pandemic and the war in Ukraine, taking advantage of the reforms implemented and its strong fiscal position, head of the ...

Cyprus and other EU member states should have done more in the past to be prepared for the green transition and weaning themselves off fossil fuels, Finance Minister Constantinos Petrides ...