#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 ...

The main challenges currently facing the EU are sluggish growth, low levels of investment, slow adaptation of technology, tight labour markets, as well as over-reliance on conventional forms of energy ...

In reforming the Cyprus tax system basic conditions of adequacy, fairness, and its effective and uncomplicated administration should be met While the Cyprus government is repeatedly advertising the good performance ...

By Andreas Charalambous and Omiros Pissarides The calendar marked December 10, 2023 when, having just won the election based on an extreme “liberal” agenda, the economist Javier Milei entered the office of ...

Germany’s finance minister predicted a higher level of growth in the mid-term in Germany and said his party would counter the rise of the far-right by tackling the problems ...

The most important thing for the real economy is to reduce non-performing loans as they have in the banking sector so the economy can function without obstacles, Finance Minister Makis ...

By Andreas Charalambous and Omiros Pissarides Reports according to which the German economy is facing serious problems are increasing. In reality, however, despite the current sluggish growth, the country is ...

The Larnaca district court on Thursday rejected a case against the state and the Central Bank of Cyprus seeking damages for the losses during the 2013 haircut. In the court’s ...

Government spokesperson Konstantinos Letymbiotis on Friday said the European Commission’s Autumn Forecasts show Cyprus’ economic resilience, flexibility, and adaptability in challenging financial landscapes. According to the forecasts, Cyprus currently ...

The Cypriot banking sector is in the best position it has been in a decade, experts said during a session on the sector’s response in an environment of elevated ...

‘Cyprus needs to commit to economic reform’ Cyprus needs to commit to comprehensive economic reform to enhance its competitiveness and facilitate the green and digital transition, President Nikos Christodoulides said ...

By Andreas Charalambous and Omiros Pissarides The favourable assessments from the European Commission and the IMF, as well as the global rating agencies, demonstrate the satisfactory course of the Cypriot ...

Banks on Wednesday agreed to extend the foreclose freeze for primary properties but stressed it was the last time this would happen, urging government and parliament to find a solution ...

U.S. Treasury Secretary Janet Yellen on Thursday said U.S. third quarter economic growth of nearly 5% was “a good strong number” that points to a soft landing for the ...

Talking about the state budget for 2024 at the House finance committee on Monday, Finance Minister Makis Keravnos said he was worried about the increase of the public payroll, which stands ...