#GDP

Decent wages for most workers have fallen victim to crony capitalism In a Cyprus Mail opinion piece of April 30, 2023 it was argued that the economic system of Cyprus characterised by ...

Staff seem to have sacrificed quality for quantity in their obsession with the cult of GDP growth The concluding statement of the IMF outlining its preliminary findings at the end ...

In 2021, general government total expenditure in the EU amounted to 51.5 per cent of gross domestic product (GDP) and was still influenced by the COVID-19 pandemic and government measures to mitigate ...

Cyprus’ GDP is estimated to have reached a growth rate of 5.8 per cent for 2022, according to a report released on Friday by the Central Bank of Cyprus (CBC). However, in ...

At the end of the fourth quarter (Q4) of 2021 government debt to GDP ratio in Cyprus was 5.4 percentage points lower compared to Q3 of 2021, and 11.4 percentage points lower than at ...

Cyprus’ GDP could be affected by between 1.5 to 2 per cent during 2022 if Cypriot airspace remains closed to Russia for the entirety of 2022, rating agency DBRS Morningstar said on Monday. The ...

Speaker of the British House of Commons Sir Lindsay Hoyle has told the Cyprus Mail that he hopes the Cyprus government would reconsider its decision to stop British residents from ...

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 ...

The European Court of Auditors (ECA) said on Monday that a number of EU member states, including Cyprus, were still behind with their 5G network rollout plans. Moreover, Belgium, Bulgaria, ...

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 ...

The uptick in economic activity this year compared to 2020 – hampered by lockdowns – has generated a substantial improvement in the government’s fiscal performance, preliminary data for January to October show. ...

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 ...

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, ...

Cyprus’ real GDP declined by an annual 1.6 per cent in the first quarter of 2021 but maintained momentum compared with the fourth quarter of 2020, CyStat said on Tuesday. Finance Minister Constantinos ...

Cyprus’ public debt reached €26 billion, or 124 per cent of GDP at the end of February, pushed by increased government borrowing to support the economy amid the crisis caused by the ...

€1.1bn was lost to the Cyprus economy as a result of the coronavirus, the statistical service (Cystat) announced on Tuesday. According to Cystat, Cyprus’ GDP shrank by 5.1 per cent in 2020 ...

The government’s cash reserves amounted to €3.84 billion at the end-2020, approximately 20 per cent of the island’s GDP, despite pressure on both public finances and the economy due to ...