Sustained reform key to mitigating Cyprus’ economic risks, ESM warns
Cyprus regained an investment grade rating in 2018 thanks to strong economic growth, a prudent fiscal policy, and a more resilient financial sector, and the
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Reform, reform, reform, Fiscal Council says
By Gregoris Savva Cyprus needs to implement reforms, boost competitiveness and maintain fiscal surpluses, President of the Fiscal Council Demetris Georgiades said on Thursday. External
Brussels sees delays on key reforms in Cyprus
The Cyprus economy will continue to grow, fiscal performance is solid, but external headwinds are increasing and significant domestic vulnerabilities remain, while key reforms, including
Cyprus should pursue delayed reforms, IMF says
The International Monetary Fund (IMF) urged Cyprus on Tuesday to vigorously pursue long-delayed structural reforms and maintain strict fiscal discipline, as the economic recovery, though
Without reforms, justice system in danger of collapse (Updated)
The justice system is in danger of collapsing if no changes are made, Justice Minister, Ionas Nicolaou, said on Thursday. Presenting the budget of
Greek students clash with police in central Athens
Greek youths clashed with police in central Athens on Monday as a protest against education reform turned violent when it reached parliament’s Syntagma square. Protesters threw stones,
Municipal gravy trains can’t go on, audit boss says
By Evie Andreou THE latest report by the audit office on local government paints a bleak picture of the state of affairs in municipalities, communities
Creditors repeat urge for reforms
Cyprus needs to take advantage of the current higher-than-expected economic growth to promote structural reforms that will help reduce risks to its financial system and
Florida state senate votes against arming most teachers
Florida‘s Republican-controlled senate approved sweeping reforms to the state’s gun law on Monday that raise the minimum purchase age and add a three-day waiting period
Patients’ association happy with palace promises on health reform
A delegation from the Pancyprian Federation of Patients Associates and Friends met with President Nicos Anastasiades at the presidential palace on Monday and handed over
Our View: Local authority reform will be difficult but it must be done
IT IS encouraging that some progress is being made in the interior ministry’s attempts to streamline local government. Interior minister Constantinos Petrides on Wednesday met
Nobel economist says reforms put on backburner
National economy council has not met in two years THE national economy council, an informal body set up amid the maelstrom of the financial meltdown
Taxpayers will ‘bail out’ local authorities to the tune of €185m
The government has decided to use around €185m of taxpayer money to bail out indebted local authorities, it emerged on Friday. The decision was made
Poland set to back judicial overhaul, defying protesters and EU
Poland‘s senate was expected to back new powers letting politicians appoint supreme court judges, defying protesters massed in the streets overnight against what they see
New law will ‘make public sector more productive’
Parliament on Friday approved a law regulating employee movement in the wider public sector. The bill was one of five submitted by the government aiming
‘Reforms strategy must not be driven by populism’
Cyprus has what it takes to be transformed into a real regional hub, undersecretary to the president Constantinos Petrides said on Tuesday, but warned that
Georgiades says ‘no’ to EU call for tax hikes (Updated)
Finance Minister Harris Georgiades said on Thursday the European Commission got it wrong when it warned the Cypriot economy would overheat unless the government slashes
Georgiades says he feels ‘completely powerless’ after reforms’ rejection
Finance Minister Harris Georgiades said on Thursday he felt “completely powerless” when it came to conducting the economy. He was remarking to a tagline during
Teachers suspend periodic strike measures for now
Primary education teachers’ union Poed announced on Thursday it would suspend for two weeks the strike measures it decided on last month over the employment
The virtues and perils of a small open economy
By Dario Pontiggia THREE years after stepping back from the brink of bankruptcy, the Cyprus economy has returned to real growth, with deflation