Petrides: we must all look at the big picture
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.
“...
The challenges of the global economic system
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 ...
Cyprus’ sovereign ratings affirmed by Capital Intelligence
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+’ ...
Coronavirus: ministers announce additional support package of €70m
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 ...
European Commission forecasts and the outlook for the Cyprus economy
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 ...
Coronavirus: Economy loses €1.1 billion in 2020
€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 ...
Ministers accuse Diko of playing ‘petty politics’ during a crisis
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 ...
EU recovery funds could be gamechanger for reforms, Petrides says
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 ...
Cyprus to start reducing debt and cash reserves as situation normalises
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 ...
Cyprus can be a powerhouse of commerce and enterprise
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 ...
Our View: Can there be accurate economic forecasts during such an uncertain time?
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’. ...
Our View: The economy must reopen on February 1
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 ...