#economy

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. ...

The Cyprus economy recorded a rate of growth of 3.7 per cent in the second quarter of this year in comparison to the corresponding period of 2023, according to Eurostat. It was ...

By Andreas Charalambous and Omiros Pissarides Over the last 15 years, particularly after the financial crisis of 2008, the role of central banks (CBs) in developed economies has expanded and become even ...

By Erol Riza Last week the two major opposition parties locked swords with Akel calling for a windfall tax on the “unexpected” earnings of the banks while Disy accused Akel ...

The depletion of equity through a dysfunctional banking system leads to a separation of ownership from entrepreneurship and by the relentless pursuit of the wealthy of a return without the ...

By Andreas Charalambous and Omiros Pissarides The EU has evolved relatively slowly and gradually over time, from a trade agreement between a small number of states in the 1950s, to ...

Immigration and the economy are the biggest worries for around 40 per cent of Cypriots going into the EU elections while climate action, gender equality and diversity, and digitisation of the ...

President Nikos Christodoulides on Tuesday presented what he called the “three pillars of the government’s economic strategy to attract investments” during a closed meeting with investors, fund managers and ...

President Nikos Christodoulides said on Friday that economic problems are not addressed with superficial proposals, referring to a recommendation made by Akel for taxing bank profits, underlining his readiness to ...

President Nikos Christodoulides said on Monday that he is planning and discussing with the cabinet about new measures or extending measures in place already to deal with inflation. He added ...