#Cyprus economy

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 ...

€1.1bn was lost to the Cyprus economy as a result of the coronavirus, the statistical service (Cystat) announced on Tuesday. According to Cystat, Cyprus’ GDP shrank by 5.1 per cent in 2020 ...

The government on said Monday that opposition Diko offered nothing of substance and raised obstacles to policies designed to support people, as it fought back criticism over the handling of ...

FINANCE Minister Constantinos Petrides hopes that the recovery and resilience plan being prepared by the government apart from absorbing close to a billion euros from the EU would also help ...

The government’s cash reserves amounted to €3.84 billion at the end-2020, approximately 20 per cent of the island’s GDP, despite pressure on both public finances and the economy due to ...

But serious, long-term investors must be able to trust the jurisdiction in which they invest By Peter Droussiotis Cyprus has many of the attributes required to build a diverse economy ...

One of the concepts that used to be taught to first-time students of economics was the Latin phrase ‘ceteris paribus’, which translated into English means ‘all other things being equal’. ...

When the health minister and the scientific advisory team submit their proposals at Monday’s presidential palace meeting about how to proceed after January 31, the date decrees on the lockdown ...