#Cyprus economy

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 ...

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 ...