DBRS confirms Cyprus at BBB (low), Stable Trend
DBRS Ratings Limited (DBRS) has confirmed Cyprus’ Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low). At the same time, DBRS confirmed Cyprus’...
GDP
Cyprus aims to maintain high surpluses and put debt on downward path
Cyprus aims at maintaining high primary surpluses and use windfall gains to reduce its high public debt or boost its cash buffers, thereby placing its...
EU is investing the equivalent of €1,069 per Cypriot citizen in structural funding
The progression of per-capita GDP in Cyprus compared to the EU average “reflects the severe impact of the economic and financial crisis on the Cypriot...
GDP expected to grow by over 3% this year
Cyprus’ GDP growth is expected to reach 3.8% in 2018 following 4.2% in 2017, according to the winter interim economic forecast issued on Thursday by...
Cyprus upgraded to investment grade by DBRS
Cyprus has been upgraded back to investment grade by DBRS Ratings Limited, following recent upgrades from Standard & Poor’s and Fitch Ratings, the Cyprus News...
New economic outlook report predicts robust growth
The Cypriot economy is forecast to continue to grow at robust rates in 2018 and 2019, with real GDP expected to rise by 3.9 per...
Households and businesses still most indebted economic sectors
Cypriot households and businesses outside the finance sector continue to be the most indebted sectors of the economy, the Central Bank said in a report...
Focus on credit ratings upgrade and GDP fudge a bleaker truth
By Les Manison The government and most of the media in Cyprus have been trumpeting the statistics on real GDP growth and the promotion of...
Last year’s GDP revised upward to €19.6bn
Cyprus’ economy expanded last year an upwards revised 4.2 per cent in real terms compared to a previous 3.9 per cent, the statistical service said....
Households wealth at 92 per cent of European average
Actual Individual Consumption (AIC) per capita in Cyprus stood at 92 per cent of the EU average in 2017, according to Eurostat, the statistical service...
Economic convergence is failing in Cyprus
By Costas Apostolides The disparities between the economies north and south of the Green Line are not converging and the differences may be increasing. This...
Economy expands 3.9% in 2017, Cystat says
Cyprus’s economic output increased last year 3.9 per cent compared to 2016, which is the highest since 2008, the statistical service said. In nominal terms,...
Cyprus has third lowest GDP spending on old-age pensions in EU
Total Government expenditure in Cyprus for 2016 reached 38.6 per cent of GDP, according to Eurostat, had the third lowest expenditure share on pensions at 6.2...
Fitch: Strong growth, election result should ‘underpin’ improving finances
Strong economic growth in Cyprus and the expectation of policy continuity after the outcome of the recent presidential elections “should underpin” improving public finances, Fitch...
Third quarter GDP rises 0.9 per cent
Seasonally adjusted GDP rose by 0.6 per cent in both the euro area (EA19) and the EU28 during the third quarter of 2017, and by...
With Q2 growth at 3.6%, ‘efforts paying off,’ Georgiades says (Update 2)
By Stelios Orphanides Finance minister Harris Georgiades said on Monday that the latest preliminary figure of a 3.6 per cent economic growth in the second quarter showed...
University of Cyprus expects economy to expand 3.1% in 2017
The University of Cyprus said it expects the economy to expand 3.1 per cent this year, boosted by an unusually strong economic performance in the...
Economy grows 2.8% in 2016 as per capita income drops 2.4%
Cyprus’s economy expanded 2.8 per cent in 2016, after growing 1.7 per cent in 2015, the statistical service said. The nominal gross domestic product rose...
EU Commission revises growth forecast downward (Updated)
The European Commission said that it expects growth in Cyprus to gradually slow down over the next years from 2.8 per cent in 2016 to...
Economy grows 2.9% in Q3 (updated)
Cyprus’s economy expanded an annual 2.9 per cent in the third quarter of the year after growing 2.8 per cent in the second quarter, the...