finance minister | Cyprus Mail

Petrides welcomes S&P revision of Cyprus from ‘stable’ to ‘positive’ (Updated)

Staff ReporterSeptember 4, 2021September 4, 2021

By Staff ReporterSeptember 4, 2021September 4, 20210717

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...

Cyprus

Finance minister confident unemployment will remain low

George PsyllidesSeptember 3, 2021

By George PsyllidesSeptember 3, 20210211

As the economy recovers, the government aims at keeping unemployment levels low to safeguard people’s revenues and roll out targeted policies including the introduction of...

Middle East World

Qatar finance minister arrested over alleged embezzlement

Reuters News ServiceMay 6, 2021

By Reuters News ServiceMay 6, 20210397

Qatar Finance Minister Ali Sherif al-Emadi was arrested for questioning over allegations of embezzlement, abuse of power and crimes related to the public sector, a statement...

Cyprus Featured

Ministers accuse Diko of playing ‘petty politics’ during a crisis

George PsyllidesMarch 1, 2021March 1, 2021

By George PsyllidesMarch 1, 2021March 1, 20210566

The government on said Monday that opposition Diko offered nothing of substance and raised obstacles to policies designed to support people, as it fought back...

Cyprus Featured

Tax chief asked to audit providers involved in passport services (Updated)

Elias HazouFebruary 25, 2021February 25, 2021

By Elias HazouFebruary 25, 2021February 25, 20210673

The Tax Department has been instructed to carry out strict audits of service providers involved in the citizenship by investment programme, Finance Minister Constantinos Petrides...

Cyprus Featured

Budget sets foundations for recovery, Petrides says

George PsyllidesOctober 9, 2020

By George PsyllidesOctober 9, 20200594

The 2021 state budget sets the foundations for the recovery and sustainable growth of the Cypriot economy, Finance Minister Constantinos Petrides said on Friday, as...

Cyprus

House finance committee to meet Monday via teleconference on economic package

Source: Cyprus News AgencyMay 10, 2020

By Source: Cyprus News AgencyMay 10, 20200694

The House finance committee is expected to convene on Monday via teleconference to discuss a new government package to mitigate the economic impact of the...

Cyprus Featured

Bank charges to be scaled back by decree to be issued next week

Peter MichaelMarch 4, 2020March 4, 2020

By Peter MichaelMarch 4, 2020March 4, 202001917

Financial authorities are to issue a decree to scale back on excessive bank charges, Finance Minister Constantinos Petrides and Central Bank Governor Constantinos Herodotou jointly...

Business

FinMin to take part in Eurogroup meeting on Monday

Katy TurnerFebruary 16, 2020February 16, 2020

By Katy TurnerFebruary 16, 2020February 16, 20200282

Finance Minister Constantinos Petrides will travel to Brussels on Sunday to take part on Monday in a Eurogroup meeting to discuss, among other issues, the...

Cyprus

Georgiades still plans to resign by the end of the year

Jean ChristouOctober 15, 2019October 15, 2019

By Jean ChristouOctober 15, 2019October 15, 20190419

Finance Minister Harris Georgiades said on Tuesday he still planned to leave his post by the end of the year at a time decided by...

Cyprus

Green taxes could be introduced by 2021

Evie AndreouSeptember 26, 2019September 26, 2019

By Evie AndreouSeptember 26, 2019September 26, 201901075

Green taxes are expected to be introduced in 2021, Finance Minister Harris Georgiades said on Thursday on the sidelines of the three-day Global Conference on...

Cyprus

Georgiades reminds borrowers that Estia scheme begins Monday

Staff ReporterSeptember 1, 2019

By Staff ReporterSeptember 1, 20190799

Finance Minister Harris Georgiades on Sunday urged any homeowners who believe they are eligible for the debt-relief scheme Estia to submit their applications as of...

Cyprus

MPs urged to delay vote on changes to foreclosure law

Staff ReporterJune 28, 2019June 27, 2019

By Staff ReporterJune 28, 2019June 27, 20190646

FINANCE minister Harris Georgiades as well as the banking industry urged lawmakers on Thursday to delay voting on proposed amendments to the foreclosures law, changes...

Cyprus Featured

Georgiades says pressure intense to reform NPL laws

Stelios OrphanidesJune 28, 2018

By Stelios OrphanidesJune 28, 2018081

The finance minister said that Cyprus is under ‘intense pressure’ created by an increasingly strict banking supervisory framework to once more modernise its insolvency and...

Cyprus Featured

Finance minister defends public pay rises

Elias HazouJune 4, 2018

By Elias HazouJune 4, 201829 107

Finance minister Harris Georgiades on Monday defended the government’s decision to gradually restore civil servants’ salaries to 2011 levels – when the first cuts were...

Business Cyprus Featured

Talks mired as buyers ask taxpayers to foot Co-op bill, reports

Stelios OrphanidesMay 25, 2018

By Stelios OrphanidesMay 25, 2018087

By Stelios Orphanides Cypriot taxpayers may have to foot a bill of up to €600m in order to allow the government to successfully complete the...

Cyprus

Auditor-general asks finance minister to explain co-op stock donation

Stelios OrphanidesJune 9, 2017June 10, 2017

By Stelios OrphanidesJune 9, 2017June 10, 2017080

Auditor-general Odysseas Michaelides has asked the finance minister to explain the cabinet’s decision to handover Cooperative Central Bank stock to individual depositors and borrowers, the...

Cyprus

Hiring freeze to be decided on this month, Georgiades says

FORMER STAFFJanuary 3, 2017January 3, 2017

By FORMER STAFFJanuary 3, 2017January 3, 20178 144

The government plans to introduce a proposal for an indefinite hiring freeze in the public sector sometime in January, Finance Minister Harris Georgiades told state...

Business

Government mulls extending hiring freeze to offset reform setback

Stelios OrphanidesDecember 20, 2016

By Stelios OrphanidesDecember 20, 2016077

The government is considering an indefinite extension of the hiring freeze in the civil service imposed as part of fiscal consolidation efforts four years ago,...

Cyprus Cyprus Talks Featured

Eurogroup to discuss solution cost, meeting important Georgiades says

Source: Cyprus News AgencyNovember 6, 2016November 14, 2016

By Source: Cyprus News AgencyNovember 6, 2016November 14, 201621 112

The government expects the involvement of all European institutions, including the Eurogroup, in a possible solution of the Cyprus problem, said Sunday Finance Minister Harris...