#economy

The EU is currently facing adverse shocks that reflect inherent weaknesses, including: (a) the difficulty in building consensus and promoting unified positions, (b) an over-dependence on the US, especially on ...

Although recent global economic developments, including the imposition of trade tariffs and geopolitical uncertainties, are not expected to have significant immediate impact on the Cypriot economy, they nevertheless pose risks ...

The north’s economy would be in recession were it not for Greek Cypriots visiting and spending money, ‘economy minister’ Olgun Amcaoglu said on Tuesday. “After the pandemic, if the ...

In Cyprus the financial crisis of 2012-13 resulted in a loss of wealth for many households owing to the “deposit haircut” and the collapse of prices of bank shares and ...

Rising trade tensions and sweeping shifts in the global trading system will trigger downward revisions of the International Monetary Fund’s economic forecasts but no global recession is expected, IMF ...

Cyprus’ strategic aim to turn the country into ‘a hub for innovation and financial services is being enhanced with tangible results’, government spokesman Konstantinos Letymbiotis said on Thursday of the ...

Great media coverage was given to the departure of an obscure member of Disy, Evgenios Hamboullas, who had served as a party deputy for Famagusta district from 2014 to 2016, taking a ...

By Loukis Skaliotis Some time ago, I wrote in the Sunday Mail that US President Donald Trump’s policies instead of making America great again, would rather usher in the ...

Indonesia’s recent accession to the Brics coalition highlights the ongoing and ambitious efforts of its member countries to create a rival to the G7, the alliance of the world’...

Banks play a key role and are inextricably linked to the outlook of the economy, mainly through supporting growth by providing financing to businesses and individuals. However, as demonstrated during ...

British Prime Minister Keir Starmer has asked the country’s regulators, including the financial and competition watchdogs, to remove barriers to growth in an effort to revive a sluggish economy, ...

Cyprus’ credit rating was recently upgraded from Baa2 to A3 by Moody’s. The double upgrade reflects, firstly, the improvement in the country’s fiscal indicators. Public debt has fallen ...

President Nikos Christodoulides on Saturday hailed Cyprus’ upgrade to an ‘A-’ long-term credit rating by Standard & Poor’s Global Ratings, marking a significant milestone for the country’s economy. ...

The final version of a digital citizen app is set to be presented on Wednesday in the framework of the second Cyprus-Greece summit, President Nikos Christodoulides said on Monday. He ...

In the immediate years after the Cyprus financial crisis of 2012/2013 there was a compelling need to stabilise government finances with austerity and banks with credit restraint, however, such policies have ...

The World Bank said on Thursday the ongoing conflict between Israel and Hezbollah has caused $8.5 billion in damage and losses to Lebanon, with final figures expected to be significantly higher ...

The year 2025 will be “much more difficult” economically than previous years for Turkish Cypriots, the north’s ‘economy minister’ Olgun Amcaoglu said on Thursday. Speaking to the north’s public ...

By Loukis Skaliotis In a previous article I commented on the need for the world community to restructure the UN if it is to play a more effective role in ...

In a previous article, we referred to the economic challenges faced by the EU. Some analysts and reputable media express the view that Germany is currently the “sick man of ...

The Cyprus government’s budgets for 2025 to 2027 presented to the House of Representatives in October 2024 constitute business as usual with just a mechanical updating of the government finance estimates for 2024. ...

The way the government is carrying out economic policy should worry everyone. Although it claims that fiscal discipline and prudent spending are its priorities its erratic decisions do not really ...

In managing the Cyprus economy, decision-makers focus on real GDP growth and whether the government is generating surpluses. Indeed, government officials backed by the European Commission, the IMF and numerous ...

In Brussels, the talk of the town is a report on the future of European competitiveness, calling for fundamental economic reforms to avoid a “slow agony” for the European economy. ...

Economic theory has its roots in antiquity. As early as the 18th century BC, the Babylonian King Hammurabi’s Code includes references to property rights, contracts, credit and economic justice. ...