#economy

By Yiannis Seitanidis The ‘new world’, as it emerges after the coronavirus pandemic, will be more complex than anyone could have imagined, according to Nobel prizewinner Christoforos Pissarides. During a ...

President Nicos Anastasiades has called a broad meeting of his ministers for Friday to discuss the impact of the Russian invasion of Ukraine on Cyprus. Among others, the meeting will ...

The impact of the war in Ukraine on an economy already struggling with rising prices was at the focus of a meeting on Friday between the leaderships of left-wing Akel ...

Finance Minister Constantinos Petrides on Friday welcomed the European Commission’s forecasts for the Cypriot economy, viewing them as a validation of the country’s recovery and future prospects. In ...

By Esra Aygin The crisis in the northern part of Cyprus has gone beyond an economic crisis and become a humanitarian one, according to one Turkish Cypriot economist. Between January 1 ...

By Savvakis C. Savvides More often than not debt is presented as the evil of our times. To a large extent this is true but debt is only a symptom ...

By Andreas Charalambous and Omiros Pissarides The economy in the EU is gradually improving, despite the continuing pandemic. The historically unprecedented monetary and fiscal support was a decisive factor, which ...

The energy and trade ministry has this year granted €127m in the form of schemes, setting the foundation for economic recovery and green energy transition, Minister Natasa Pilides said on ...

By George M Georgiou Although the phrase “lies, damned lies, and statistics” is often attributed to Mark Twain, no one can say with certainty where it originated. What we can ...

Finance Minister Constantinos Petrides on Friday expressed satisfaction with the “excellent work” that has been done in relation to the absorption of EU funds, putting Cyprus in the first places ...

The current uptick in economic activity, following the doldrums of 2020 due to coronavirus-related closures, appears largely driven by high government spending that is projected to push public debt to record ...

The government will continue supporting economic activity so that after the pandemic is over, previous positive growth rates will return, Finance Minister Constantinos Petrides said on Saturday. In a written ...

The economy is expected to grow by more than 5.5 per cent in 2021, Finance Minister Constantinos Petrides said on Tuesday, as preliminary estimates showed a 12.9 per cent year-on-year growth in the ...

Eurogroup President Paschal Donohoe praised Cyprus’ “impressive recovery” from the coronavirus outbreak on Thursday, stressing that this performance was the result of good national policies coupled with good decisions taken ...

Cyprus must gradually return to prudent fiscal and macroeconomic policies to bolster its economic standing, Finance Minister Constantinos Petrides said on Thursday, warning that a reversal of reforms would harm ...

Cyprus’ economy is forecast to grow by 3.8 per cent this year, although this will be in relation to a 5.1 per cent shrinkage in GDP in 2020, according to the Central Bank ...

Finance Minister Constantinos Petrides on Monday unveiled the second supplementary state budget for 2021, a stimulus package aimed at continuing support to businesses struck by the coronavirus-related measures – although the single ...

The new House finance committee held its first session on Monday after May’s parliamentary elections, where among others it discussed setting a deadline for passing yet another extension to ...

By Andreas Charalambous and Omiros Pissarides It is generally acknowledged that the ultimate objective of governments should be to improve the welfare of their citizens. Traditionally, the GDP per capita, ...

In the aftermath of the global financial crisis central banks substantially lowered interest rates to support the recovery of their economies. In fact, the ECB by September 2015 had reduced its ...

Economic activity in Cyprus contracted sharply in 2020, due to the Covid-19 crisis, though less than the EU average. The tourism sector has been severely affected, while the impact on domestic ...

The economic slowdown as a result of the pandemic is smaller than initially anticipated raising hopes of brighter days ahead, Sek trade union confederation general secretary said on Thursday. Addressing ...

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. “...

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 ...