Economy continues to grow for fifth consecutive year
Finance Minister Harris Georgiades said on Wednesday that the economy has continued to grow for the fifth consecutive year. In a written statement, the minister
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Economy improving but difficult decisions remain says minister
The government aims to bring public debt below 90 per cent by the end of 2020 and reduce non-performing loans (NPLs) to single digits, Finance
Fitch affirms Cyprus’ ratings at BBB-, banks remain a weakness
Ratings agency Fitch has affirmed Cyprus’ long-term foreign currency issuer default rating (IDR) at BBB- maintaining a stable outlook. In its rationale, the agency said
President reiterates is creating conditions for economic growth
President Nicos Anastasiades has reiterated the government’s commitment to maintain and broaden conditions that would lead to fiscal surpluses and high economic growth. Addressing the
EU Commission lists ‘excessive imbalances’ in Cyprus’ economy
Cyprus faces ‘excessive’ budgetary imbalances, the European Commission said on Wednesday in its winter package report approved by the College of Commissioners and presented in
Businesses moderately optimistic over economic growth
Cypriot businesses are facing the new year with optimism as regards prospects for growth but remain concerned over red tape and energy prices, the chamber
Finance minister stresses economic growth and a balanced budget
Economic growth is expected to exceed three per cent over the next three years, Finance Minister Harris Georgiades told MPs on Monday. He stressed that
Economy expands 4% in Q1, Cystat says
Cyprus’s economy expanded 4 per cent in the first quarter of 2018 compared to the respective three-month period last year and 1 per cent compared
Scrutinising the claims of economic growth
By Leslie Manison There is a view propounded most forcefully by the President Anastasiades’ government that current policies are resulting in the Cyprus economy
Election promises sap economic, financial stability
By Stelios Orphanides Instead of focusing on how to re-launch reform efforts to protect the recovery of the economy and financial sector, Cypriot politicians make
IMF expects Cyprus’ economic growth to plunge to 2.6% in 2018
The International Monetary Fund (IMF) said on Tuesday it expects the Cypriot economy’s growth to slow down to 2.6 per cent next year from 3.4
Finance minister: period of ‘real’ economic growth
Cyprus has entered a period of real sustainable economic growth, Finance Minister Harris Georgiades said on Thursday in an interview with the Cyprus News Agency,
Volume of new loans highest since 2013
Moody’s rating agency said it expects the volume of new loans in Cyprus in 2017 to be the highest since 2013, pointing out that an
News podcast: Cyprus’ human rights; gay pride celebrations
The Cyprus News Digest, in collaboration with the Cyprus Mail brings you an in-depth analysis of some of the latest developments in international and local
IMF: Cyprus economic growth to slow in the next two years
The Cyprus economy is exhibiting a slight growth rate of the economy for the years 2017 and 2018, according to the International Monetary Fund (IMF),
Greek PM tells Merkel ‘wounds of crisis’ must be healed
Greek Prime Minister Alexis Tsipras told German Chancellor Angela Merkel on Friday his country was set for strong economic growth and this would help to
Planned global banking rules not balanced, need changes- EU’s Dombrovskis
A planned reform of global banking rules being discussed by the United States, Europe, Japan and other major economies risks negatively affecting European banks and
A new House and the need for new economic policies
By Leslie G. Manison With the exit from the economic adjustment programme agreed with the International Monetary Fund (IMF) and European Union (EU) institutions in
Chinese economy shows signs of debt-fueled recovery
By Kevin Yao and Sue-Lin Wong China posted its slowest economic growth since 2009 but a surge of new debt appears to be fueling a
G20 to say world needs to look beyond ultra-easy policy for growth
The world’s top economies are set to declare on Saturday that they need to look beyond ultra-low interest rates and printing money if the global