#petrides

The Cypriot economy has achieved remarkable performance in recent years amid a period of sustained instability, a senior official with the International Monetary Fund (IMF) said on Tuesday. The comments ...

The outgoing government is handing over a healthy and robust economy, with prospects for further growth and development in the current years, Finance Minister Constantinos Petrides said during a presentation ...

The war of words between Akel and Finance Minister Constantinos Petrides continued on Wednesday with party leader Stephanos Stephanou saying the minister should not get involved in pre-election campaigns. Stephanou ...

Finance Minister Constantinos Petrides on Tuesday charged Akel-backed independent presidential candidate Andreas Mavroyiannis with taking a populist stance on the economy, criticising his proposed policies and saying it was Akel ...

The government clarified on Tuesday it will impose a special levy on suppliers and producers of electricity, but will tax them in a rational way that does not disincentivise the ...

Stakeholders will start the debate on the 2023 state budget at the house finance committee on Monday, with final decisions expected in early December. In a challenging international economic environment and ...

Now is not the time to roll out a carbon tax, as the country’s tax base is already reeling from the rising cost of living, the finance minister said ...

Finance Minister Constantinos Petrides leaves for the US on Monday, where he will take part in the annual general assemblies of the International Monetary Fund and the World Bank as ...

Cyprus is significantly strengthening its defensive capability with modern equipment and reliable international partnerships, Defence Minister Charalambos Petrides said on Saturday as a military parade was held to mark 62 years ...

Main-opposition party Akel lambasted Finance Minister Constantinos Petrides on Tuesday after the latter responded with a tweet to the party’s July request for a meeting to discuss the implementation ...

People should forget about across-the-board cuts on energy-related taxes, brace for even higher electricity prices and turn to renewables, Finance Minister Constantinos Petrides said on Tuesday. In comments to daily ...

Finance Minister Constandinos Petrides met with political party leaders on Wednesday to present the comprehensive and holistic framework for the management of non-performing loans as well as protection measures of ...

The EU’s Spring Forecasts for 2022 and 2023 are in line with the latest projections of the finance ministry and once again demonstrate the resilience of the Cyprus economy in times ...

The government does not intend to raise taxes, but will rather pursue a policy of stimulating growth and attracting new investment in response to the coming economic slump, Finance Minister ...

Some weeks back, when the effects of inflation were starting to be felt and the government, parroting the EU line, was still insisting it was transitory, this column argued that ...

Finance Minister Constantinos Petrides is in Luxembourg to take part in the Eurogroup and Ecofin meetings which will be held on Monday and Tuesday. Ministers will discuss economic developments resulting ...

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 ...

‘There is no turning back’ but no changes likely next year The carbon tax, increased taxation on fossil fuels and ‘green rates’ which the finance minister warned of when presenting ...

The National Guard will be equipped with new weapons systems like drones to be able to deal with asymmetric threats, Defence Minister Charalambos Petrides said on Tuesday. Petrides said the ...

The government said on Monday it will look into the possibility of price caps on essential goods, in a bid to deal with inflationary trends. Speaking in parliament during the ...

Although inflationary pressures have been evident in the last couple of months, they were largely ignored. When the 38 per cent increase in the electricity rates hit the news, the government ...

The 2022 budget will mark the move to recovery, which will cover the ground lost in 2020, Finance Minister Constantinos Petrides said on Saturday as the government plans to end pandemic support ...

The finance ministry has ordered an administrative probe into an apparent foul-up that saw €14.3 million in coronavirus-related relief provided by the government end up with ineligible companies. The matter came ...

The G7 agreement on corporate minimum taxation does not appear to affect Cyprus, which plans to hold a constructive stance during discussions but at the same time secure its interests, ...