#GDP

The European Commission has proposed new rules for public tenders that would create an EU-wide platform to improve access and slash paperwork for companies, and give EU governments the option ...

During the administrations of the governments of Nicos Anastasiades and Nikos Christodoulides praise has been heaped on the economic performance of Cyprus by referring to statistics on its relatively rapid ...

The GDP growth rate is “a vote of confidence for the Cyprus economy and a result of our responsible economic policy”, President Nikos Christodoulides said on Friday in a post ...

Although recent global economic developments, including the imposition of trade tariffs and geopolitical uncertainties, are not expected to have significant immediate impact on the Cypriot economy, they nevertheless pose risks ...

By Lysandros Lysandrou During his first stint as prime minister (1955-1963) of Greece, Konstantinos Karamanlis (1907-1998) boasted in parliament that Greece was prospering. The then leader of the official opposition ...

The economy has proved resilient in the face of a challenging international environment, and is expected to do the same going forward, the Central Bank boss said on Monday. Christodoulos ...

The north’s gross domestic product (GDP) reached just over €3.6 billion at the end of 2023, the north’s statistics institute reported on Tuesday. That figure corresponds to a growth of 7.3 ...

Cyprus recorded the largest increase in its tax-to-GDP ratio among EU member states in 2023 compared to 2022, according to data published by Eurostat on Thursday. However, Cyprus’ ratio remained just below ...

It is high time to improve Cyprus’ primary sector’s contribution to the country’s Gross Domestic Product (GDP), President Nikos Christodoulides said on Saturday. “It is not possible for ...

The betting sector represents 3.72 per cent of Cyprus’ GDP, director general of the finance ministry George Panteli said on Tuesday addressing the 7th Safe Gaming Conference. The conference marked the ...

In managing the Cyprus economy, decision-makers focus on real GDP growth and whether the government is generating surpluses. Indeed, government officials backed by the European Commission, the IMF and numerous ...

By Andreas Charalambous and Omiros Pissarides In recent years, India has experienced strong economic growth. In 2023, its GDP grew by about 6.5 per cent and a similar performance is expected in 2024. ...

Policies and lifestyles causing environmental damage and derailing economy Over the last 40 years the Cyprus government has relied increasingly on three main sources to generate economic growth, namely, property investment, ...

The political elite implements policies favouring the business elite, while cementing their own status and power Political capitalism broadly defined is an economic system in which the business elite and ...

President Nikos Christodoulides on Saturday welcomed Cyprus’ revised long-term rating from stable to positive by international ratings agency Fitch, saying it was an acknowledgment of the government’s planning. He ...

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 ...

The north’s gross domestic product (GDP) grew by 13.3 per cent in 2022, according to the north’s statistics agency. The total GDP stood just shy of 73.9 billion TL (€2.6 billion), which ...

The cost of the government’s actions will become evident in the medium-term and it have to take responsibility for its choices, former finance minister and opposition Disy MP Harris ...

Former Disy leader Averof Neophytou on Thursday called on the government to take immediate measures to deal with the negative trends shown by economic indicators in the second quarter of ...

Political opposition criticised the government on Wednesday, after a 0.4 per cent decrease was noted in a European statistical service (EuroStat) report on the second quarter of the year. According to ...

It hurts the economy, society and the environment Under the democratic system of Cyprus the executive and legislative branches of government are elected by the people to serve the people. ...

Italy’s economy performed surprisingly poorly in the second quarter, data showed on Monday, offering an uncomfortable outlook for Prime Minister Giorgia Meloni as her government tries to tackle the ...

Cyprus’ Gross Domestic Product (GDP) growth rate and inflation rate are expected to reach 3 per cent, respectively, for 2023, consistent with the predictions made in May, according to a report released ...

The impact of Turkey’s economic embargo on the Republic of Cyprus amounts to around one percentage point of the Gross Domestic Product (GDP) annually. According to the data collected ...