Perceived corruption levels on the rise
Cyprus has seen a spike in perceived corruption levels, a study conducted by the World Bank shows. Data reveals that from 2013 the country’s level...
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Cyprus slides down World Bank business rankings
Cyprus has slipped eight spots to 53 in the overall rankings of the World Bank’s annual Doing Business report. Last year, Cyprus scored an overall...
International players pledge to support solution financing
International organisations agreed on Thursday that in the event of reunification in Cyprus they would seek to coordinate support for the economy and their plans...
Georgiades: inconceivable to oppose solution on financial grounds
It would be inconceivable to oppose a Cyprus solution on the grounds of financial difficulties, Finance Minister Harris Georgiades has said, adding that would be...
Cost of property compensation could bankrupt unified Cyprus, according to World Bank – report
World Bank estimates on the cost of compensation for properties in the context of a comprehensive solution to the Cyprus problem are prohibitive as it...
Leaders to discuss the economic aspects of the reunification of Cyprus
Cyprus President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci meet today in the context of the UN-brokered talks to take stock of the discussions...
IMF and World Banks on economic challenges of a solution
The first findings by the International Monetary Fund (IMF) and the World Bank on the economics of a Cyprus settlement say single and coordinated management,...
Eide: there is no let-up in Cyprus talks [VIDEO]
Contrary to what some people thought, there was no letup in the reunification process, UN Special Adviser Espen Barth Eide said on Thursday, rejecting suggestions...
Vague TC data hampers World Bank report on cost of solution (Update)
THE absence of reliable information about the economic situation in the north is delaying World bank experts from concluding their report that will indicate the...
Work being done on funding a positive, not negative, development, spokesman says
The Cyprus problem will not be solved through public statements, which in many cases are designed to serve other considerations, but at the negotiating table,...
Interest reportedly shown in funding Cyprus solution
The International Monetary Fund (IMF) and World Bank have reportedly shown keen interest in funding a $25 billion agreement to the Cyprus problem, it was...
Ease of doing business indicators ‘shocking,’ reform chief says
Despite the island’s improved position in the World Bank’s Doing Business report, some of the indicators were “shocking”, undersecretary to the president Constantinos Petrides said on Friday. “Many...
World Bank lends Iraq $1.2bn to face oil, security shocks
THE World Bank said on Thursday it would lend Iraq $1.2 billion in emergency support to help it deal with the economic effects of its...
Cyprus in the top ten for improved business practices
By George Psyllides Cyprus was among the world’s top 10 countries that improved their business rules in the past year, according to the World Bank’s...
WB and IMF to assist in securing a sustainable economy post settlement
The World Bank and the International Monetary Fund want to provide Cyprus with technical assistance, with a view to secure sustainable public finances in a...
World Bank pledges up to $500 mln for quake-hit Nepal
By Anna Yukhananov The World Bank on Tuesday pledged up to half a billion dollars to help Nepal rebuild after two earthquakes killed nearly 9,000...
Cyprus ranks low in World Bank’s ‘Doing Business’ report
THE NEED for strategic reforms, simplification of procedures and how to combat bureaucracy were the main conclusions in the World Bank’s Doing Business Report 2015,...
Education reports a ‘useful tool’ says minister
By Elias Hazou Whereas the World Bank’s reports on Cyprus’ state education are not binding, their findings are a “useful tool” in shaping much-needed reform,...
Minister: school reform is on its way
By Angelos Anastasiou IN WHAT could prove a political manoeuvre to misdirect teaching unions, Education Minister Costas Kadis has declared the World Bank’s damning report...
