Budget sets foundations for recovery, Petrides says
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...
finance minister
House finance committee to meet Monday via teleconference on economic package
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...
Bank charges to be scaled back by decree to be issued next week
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...
FinMin to take part in Eurogroup meeting on Monday
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...
Georgiades still plans to resign by the end of the year
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...
Green taxes could be introduced by 2021
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...
Georgiades reminds borrowers that Estia scheme begins Monday
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...
MPs urged to delay vote on changes to foreclosure law
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...
Georgiades says pressure intense to reform NPL laws
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...
Finance minister defends public pay rises
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...
Talks mired as buyers ask taxpayers to foot Co-op bill, reports
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...
Auditor-general asks finance minister to explain co-op stock donation
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...
Hiring freeze to be decided on this month, Georgiades says
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...
Government mulls extending hiring freeze to offset reform setback
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,...
Eurogroup to discuss solution cost, meeting important Georgiades says
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...
Georgiades slams populism – to which his government (often) succumbs
By Stelios Orphanides Finance Minister Harris Georgiades said that economic policy makers need to counter the rise of rising populism by designing policies that benefit...
Georgiades: inconceivable to oppose solution on financial grounds
It would be inconceivable to oppose a Cyprus solution on the grounds of financial difficulties, Finance Minister Harris Georgiades has said, adding that would be...
Time running out for reforming civil service, finance minister says (Updated)
Finance Minister Harris Georgiades on Monday warned that Cyprus was risking public finances getting out of hand yet again because the delay in pushing...
Quick action key to overcoming fiscal challenges, Georgiades says
Finance Minister Harris Georgiades has stressed the importance of quick policy action response in addressing fiscal challenges. In statements to the press, the minister was...
Smelly bins, pickets plague France on eve of Euro 2016 kickoff (Update 2)
As the stench of rotten, uncleared garbage wafts through parts of Paris and pilots prepare to strike, French President Francois Hollande said he would do...
