Cyprus’s 2016 fiscal surplus, public debt among highest in EU, Eurostat says
Cyprus was among the seven best achievers in the European Union last year in producing a fiscal surplus and remained the member state with the...
Public debt
IMF focuses on NPLs and private and public debt in Cyprus consultations
IMF representatives start today consultations with the government of Cyprus, focusing on the reduction of excessive private and public debt and the management of non-performing...
Public debt at €19.3bn in June, PDMO says
Public debt reached €19.3bn in June, up from €19.1bn at the end of March, and €18.7bn at the end of June last year, the Public...
Investment-grade rating seen within reach in the next 12 months
Two economists said that, following Friday’s upgrade by Moody’s Investors Service, it is realistic to expect that Cyprus could see its credit rating upgraded to...
Our View: Economic prudence again victim to election campaign
President Anastasiades might not have decided whether he would stand for re-election, as he and his spokesmen maintain, but this has not stopped him from...
Georgiades says public debt of 107% of GDP is “absolutely sustainable”
Finance minister Harris Georgiades said that Cyprus’s government debt is “absolutely sustainable” after the government smoothed out debt maturities to 2020. Georgiades who was commenting...
‘TRNC government’ unable to service €1.4bn in locally borrowed debt
Former Turkish Cypriot ‘minister of finance’ Birikim Özgür said Turkish Cypriot authorities cannot afford paying the due interest on public debt amounting 5.5bn Turkish lira...
Government sells €100m in 13-weeks t-bills at almost zero yield
The finance ministry’s Public Debt Management Office said that the government sold a total of €100m in 13-week treasury bills at an average yield of...
Public debt rises to €19.4bn as government stocks up cash reserves
Cyprus’s government debt rose in September to €19.4bn from €18.7bn in June and €18.8bn in September 2015, mainly on accumulation of cash reserves by the...
Cyprus too small for gas fund investment
The draft bill relating to the creation and operation of a National Investment Fund, administering future revenues from natural gas sales, expressly prohibits investments...
