House plenum convenes to approve emergency spending
In a special session on Thursday, the House plenum gave the nod to urgent spending items for several government departments and agencies while also releasing...
fiscal council
Fiscal resources should be used sparingly until Covid clears, council says
Fiscal resources should be used sparingly until the situation with the coronavirus pandemic cleared, the island island’s fiscal council said on Thursday. In its Spring...
Fiscal council cautions govt on use of available reserves
The government should not use all its available reserves because no one knows how long the coronavirus crisis will last, the chairman of the fiscal...
Fiscal Council warns of internal and external risks to the economy
The Fiscal Council on Wednesday said Cyprus’ economy is still facing internal and external dangers including too much bureaucracy, non-performing loans and Brexit. According to...
Our View: Wise but unpopular words not given much traction
On issues of the economy, the President of Fiscal Council Demetris Georgiades is one of the very few voices of reason. This could be the...
Our View: Government, opposition ignore Fiscal Council at their peril
One independent official that is largely ignored by the politicians and especially the government is the President of Fiscal Council, Demetris Georgiades, because he rarely...
Reform, reform, reform, Fiscal Council says
By Gregoris Savva Cyprus needs to implement reforms, boost competitiveness and maintain fiscal surpluses, President of the Fiscal Council Demetris Georgiades said on Thursday. External...
Creditors likely to object to public sector pay cut reversal
The head of the fiscal council said on Wednesday he expected the finance ministry to prepare scenarios and ways to tackle the potential impact of...
Fiscal council warns against complacency
Staff reporter Cyprus must not get complacent despite improving public finances and the stabilisation of the banking sector, the Fiscal Council cautioned on Thursday. At a...
Fiscal watchdog says Co-op policies jeopardise public finances
By Stelios Orphanides The Fiscal Council said that while the island was losing on competitiveness, it was also risking returning to past practices which led...
