#Cyprus economy

The government does not intend to raise taxes, but will rather pursue a policy of stimulating growth and attracting new investment in response to the coming economic slump, Finance Minister ...

The breakaway regime in the north has inked a deal for economic and fiscal cooperation with Turkey, the latter pledging to the former some 4.25 billion Turkish lira (€270 million) for this ...

Finance Minister Constantinos Petrides has pledged to hold fast amid mounting calls for an increase in government handouts, warning that otherwise the public debt may spiral out of control. Appearing ...

By Andreas Charalambous and Omiros Pissarides Economic indicators confirm that Cyprus enjoys a satisfactory standard of living. However, the periodic crises, experienced during recent decades, as well as the new ...

How politics has led to deterioration of the labour market since 2012 Has the Cyprus economy recovered from the financial crisis of 2012/2013 in that the majority of its citizens by 2021 were ...

Economic growth in Cyprus will slow sharply before recovering, due to the shock associated with the war in Ukraine, the International Monetary Fund (IMF) has said, adding that the key ...

European Central Bank (ECB) President Christine Lagarde is optimistic that Cyprus will use the flexibility it has shown many times in order to face the current difficulties as a result ...

The Cypriot economy continues to grow, showing improvement over the performance of the previous year, but external factors are contributing to a loss of momentum, according to a report by ...

The price of meat is set to soar in the coming months, the head of the butchers’ association told the Cyprus Mail as he predicted that “hard times are coming”. “...

The rise in energy and grain price levels due to the war in Ukraine, but also the possibility of stagflation are his main concerns Finance Minister Constantinos Petrides said on ...

By Yiannis Seitanidis The ‘new world’, as it emerges after the coronavirus pandemic, will be more complex than anyone could have imagined, according to Nobel prizewinner Christoforos Pissarides. During a ...

President Nicos Anastasiades has called a broad meeting of his ministers for Friday to discuss the impact of the Russian invasion of Ukraine on Cyprus. Among others, the meeting will ...

The impact of the war in Ukraine on an economy already struggling with rising prices was at the focus of a meeting on Friday between the leaderships of left-wing Akel ...

Finance Minister Constantinos Petrides on Friday welcomed the European Commission’s forecasts for the Cypriot economy, viewing them as a validation of the country’s recovery and future prospects. In ...

By Esra Aygin The crisis in the northern part of Cyprus has gone beyond an economic crisis and become a humanitarian one, according to one Turkish Cypriot economist. Between January 1 ...

By Savvakis C. Savvides More often than not debt is presented as the evil of our times. To a large extent this is true but debt is only a symptom ...

By Andreas Charalambous and Omiros Pissarides The economy in the EU is gradually improving, despite the continuing pandemic. The historically unprecedented monetary and fiscal support was a decisive factor, which ...

By Les Manison The autumn 2021 forecasts of the European Commission for Greece and Cyprus are excessively optimistic particularly on inflation rates and the government finances. In making these fanciful forecasts ...

There is no economy anywhere in the world in which populism has proved an effective tool to tackle inflation, even though, listening to some Cyprus parties you would think it ...

The energy and trade ministry has this year granted €127m in the form of schemes, setting the foundation for economic recovery and green energy transition, Minister Natasa Pilides said on ...

By George M Georgiou Although the phrase “lies, damned lies, and statistics” is often attributed to Mark Twain, no one can say with certainty where it originated. What we can ...

Finance Minister Constantinos Petrides on Friday expressed satisfaction with the “excellent work” that has been done in relation to the absorption of EU funds, putting Cyprus in the first places ...

The current uptick in economic activity, following the doldrums of 2020 due to coronavirus-related closures, appears largely driven by high government spending that is projected to push public debt to record ...

The government will continue supporting economic activity so that after the pandemic is over, previous positive growth rates will return, Finance Minister Constantinos Petrides said on Saturday. In a written ...