Private and public debt still key danger to economy
Technocrats from the European Commission, the European Central Bank and the International Monetary Fund (IMF) are back on the island for their sixth post-programme surveillance...
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Troika, continuing contacts on the island, departs later today
Troika representatives (IMF, European Commission, ECB), in the framework of the third post monitoring mission in Cyprus, met on Thursday with the Cyprus Land and...
Troika back to Cyprus in third post programme mission
Officials of the former troika of Cyprus’s international creditors are in Cyprus for the third time since the island completed its adjustment programme 18 months...
Papadopoulos appoints advisor who proposed ditching the euro (Update)
The recruitment by presidential candidate Nicholas Papadopoulos of economist Stelios Platis, who six years ago parted ways with President Nicos Anastasiades and tabled the idea...
EU Commission says Cyprus’ ‘hard-earned achievements’ at risk
The European Commission said that while structural reforms carried out in recent years have helped Cyprus exit recession, the “weakened” reform momentum undermines the economy’s...
Time running out for reforming civil service, finance minister says (Updated)
Finance Minister Harris Georgiades on Monday warned that Cyprus was risking public finances getting out of hand yet again because the delay in pushing...
MP defends the right of Cyprus to determine its tax status
Cypriot MP Charalambos Pittokopitis, defended the right of Member States of the European Union, especially small economies such as Cyprus, which are particularly affected by...
AKEL government ‘inflated the numbers’ Orphanides tells MPs [WITH VIDEO]
The AKEL government and his successor at the helm of the Central Bank intentionally inflated the numbers with regard to banks’ capital needs in 2012...
Troika technocrats due in Cyprus next month
A team of troika technocrats are due in Cyprus from September 26 to 30 to look at outstanding matters from the island’s adjustment programme, particularly...
Our View: Long-term economic interests should come before the re-introduction of CoLA
The notorious Cost of Living Allowance (CoLA), which was suspended in 2013 as part of the assistance programme, would be re-activated soon the new general...
Cyprus running out of time to resume stalled reform process, fiscal watchdog says
The EU will likely put pressure on Cyprus soon to resume its reforms process, virtually suspended after the island’s exit from the bailout adjustment programme,...
Anastasiades: solution must take into account concerns of both communities (Updated)
A Cyprus solution cannot be reached unless the concerns of both communities are taken into account. President Nicos Anastasiades has said. He also expressed the...
Georgiades optimistic about economy, wants “full marks” from troika
By Stelios Orphanides Finance Minister Harris Georgiades said he is optimistic about the prospects of the economy and said Cyprus would not require a new...
Lakkotrypis: EAC unions should come up with rational arguments, not just personal attacks
Energy Minister Giorgos Lakkotrypis said Saturday’s comments by Electricity Authority of Cyprus (EAC) union leaders made against him were nothing more than personal attacks and...
Our View: Anastasiades paying for pandering to the unions
SOME 94 per cent of the members of the Telecommunications authority CyTA’s biggest union have voted in favour of industrial action to prevent privatisation. The...
Georgiades lays out ‘lessons from the crisis’ in New Year message
Finance Minister Harris Georgiades said in an article on Sunday that as Cyprus would in three months or so be exiting its bailout programme, it...
Our View: Keeping economy on track post-troika must be a priority in 2016
2016 is set to be an important year for Cyprus and not just because everyone seems to be touting it as the year of the...
Government trapped between promises and obligations on EAC sell-off
By Angelos Anastasiou The rejection of the government’s plan to unbundle, but not privatise, state-owned power producer Electricity Authority of Cyprus (EAC) into two state-owned...
Troika rejects notion of EAC remaining in state hands – reports
Cyprus’ international lenders have reportedly flat-out rejected the government’s proposal regarding the future of the state power company. The troika has turned down a proposal...
Minister flummoxed over EAC unions reaction
By Elias Hazou The government is “convinced” that the state power company (EAC) must remain in state hands, Energy Minister Giorgos Lakkotrypis reiterated on Tuesday,...