#Cyprus economy

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 ...

The economy is expected to grow by more than 5.5 per cent in 2021, Finance Minister Constantinos Petrides said on Tuesday, as preliminary estimates showed a 12.9 per cent year-on-year growth in the ...

Eurogroup President Paschal Donohoe praised Cyprus’ “impressive recovery” from the coronavirus outbreak on Thursday, stressing that this performance was the result of good national policies coupled with good decisions taken ...

Cyprus must gradually return to prudent fiscal and macroeconomic policies to bolster its economic standing, Finance Minister Constantinos Petrides said on Thursday, warning that a reversal of reforms would harm ...

Cyprus’ economy is forecast to grow by 3.8 per cent this year, although this will be in relation to a 5.1 per cent shrinkage in GDP in 2020, according to the Central Bank ...

Finance Minister Constantinos Petrides on Monday unveiled the second supplementary state budget for 2021, a stimulus package aimed at continuing support to businesses struck by the coronavirus-related measures – although the single ...

The new House finance committee held its first session on Monday after May’s parliamentary elections, where among others it discussed setting a deadline for passing yet another extension to ...

By Andreas Charalambous and Omiros Pissarides It is generally acknowledged that the ultimate objective of governments should be to improve the welfare of their citizens. Traditionally, the GDP per capita, ...

In the aftermath of the global financial crisis central banks substantially lowered interest rates to support the recovery of their economies. In fact, the ECB by September 2015 had reduced its ...

By Barret Kupelian Last week saw the G7 agree on a set of ground-breaking reforms to the international tax system. This was met with some scepticism in Cyprus as well ...

Cyprus will not be able to take full advantage of ample EU covid aid unless it is willing to undertake major reforms In recent days there has been much advertising ...

Economic activity in Cyprus contracted sharply in 2020, due to the Covid-19 crisis, though less than the EU average. The tourism sector has been severely affected, while the impact on domestic ...

With outright surprise we took notice of the historical overview of Russian-Cypriot relations “Russia is not the horse to bet on” (Sunday Mail, April 4). The underlying message of the article ...

The economic slowdown as a result of the pandemic is smaller than initially anticipated raising hopes of brighter days ahead, Sek trade union confederation general secretary said on Thursday. Addressing ...

Cypriots need to be in one accord and make the structural reforms needed by the country to set robust foundations for the future, Finance Minister Constantinos Petrides said on Wednesday. “...

It is a system which appears to be compatible with different political perceptions By Andreas Charalambous and Omiros Pissarides The socio-economic challenges of the 21st century are universal in nature ...

Capital Intelligence Ratings (CI Ratings or CI) said it has affirmed the Republic of Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at ‘BB+’ ...

The government on Friday announced an additional economic support package of €70m for businesses and employees affected by the extension of the measures to contain the coronavirus pandemic. The package ...

By Andreas Charalambous and Omiros Pissarides At regular intervals, the European Commission undertakes an assessment of the economies of the member countries of the EU. This process, known as ‘European ...