ESM’s chief economist calls for Cypriot prudence as external risks loom
By Gregois Savva Rolf Strauch, the European Stability Mechanism’s (ESM) chief economist called for the continuation of prudent economic policies and keeping fiscal buffers as...
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Increasing signs of state and crony capitalism
The political and business elite of Cyprus are stifling equitable growth By Les Manison In an article in the Sunday Mail of January 14, 2018,...
Economy set to grow around over 3 per cent a year by 2021, CBC says
The government will continue to strengthen and deepen the current positive economic growth spokesman Prodromos Prodromou said on Saturday, after the Central Bank of Cyprus...
Economy grows 3.9 per cent in Q2 – flash estimate
Cyprus’ economy grew 3.9 per cent year-on-year in the second quarter of the year, according to a flash estimate published by the statistical service on...
University of Cyprus expects economy to grow 3.6%
The University of Cyprus said its economic growth forecast for this year remained unchanged at 3.6 per cent, after the economy expanded in 3.8 per...
CBC revises 2017 growth to 3.8% and to 3.4% next year
The Central Bank of Cyprus said it expects the economy to expand 3.8 per cent this year before growth slowed down to 3.4 per cent...
Economy grows 3.8% in Q3, Cystat says
The Cypriot economy expanded an annual 3.8 per cent in the third quarter of 2017 after growing an upwards-revised 4 per cent the previous quarter,...
Greece sees higher 2017 surplus, solid growth in 2018 (Update)
Greece expects to beat creditors’ projections and achieve a higher primary surplus this year and buoyant growth in 2018, authorities said, as lenders moved forward on...
Cystat revises 2016 growth rate to 3%
Cyprus’s economy, the euro area’s second smallest, expanded by 3 per cent in real terms last year, 0.2 points higher than the forecasted 2.8 per...
Economy grows 3.6% in Q2, Cystat says
Cyprus’s economy expanded an annual 3.6 per cent in the second quarter of 2017 compared to the respective quarter last year, and a seasonally adjusted...
Euro area economy grows 2.2% in Q2, Eurostat says
The euro area’s economy expanded a seasonally adjusted 2.2 per cent in the second quarter of the year against 1.9 per cent the previous quarter,...
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...
Central Bank expects economy to grow 3.1% in 2017
The Central Bank of Cyprus said that it revised its 2017 economic growth forecast to 3.1 per cent in 2017 from a 2.8 per cent...
IMF expects growth to slow down in the medium term
The International Monetary Fund said it expects Cyprus’s economy to expand 2.7 per cent this year, 2.5 per cent in 2018, and the pace economic...
Economy expands 3.4% in Q1 (Updated)
The Cypriot economy expanded 3.4 per cent in the first quarter of the year, compared to the respective three-month period of 2016, and a seasonally...
EU sees eurozone economy weaken this year, Britain to halve growth by 2018
Eurozone’s economic growth is expected to lose some speed this year and to rebound in 2018 while the British economy will nearly halve its expansion...
What is holding back economic development?
By Savvakis Savvides Almost four years after the bail-in of March 2013 the fundamentals of the Cyprus economy remain dire. Despite the completion of the...
Greek economy grows 0.8 pct in third quarter, beats forecasts
Greece‘s economy expanded for the second quarter in a row and by more than analysts expected in July-September, statistics service data showed on Tuesday, boding...
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...
Greece expects growth, lower debt, unemployment to ease in 2017
Recession-hit Greece on Monday predicted a return to growth in 2017 and a drop in its huge debt burden via a tax-heavy draft budget submitted...
