Omiros Pissarides

The agreement on the withdrawal of the United Kingdom from the European Union, effective from February 1, 2020, left a strong political and economic imprint on the EU and, an even deeper ...

Although recent global economic developments, including the imposition of trade tariffs and geopolitical uncertainties, are not expected to have significant immediate impact on the Cypriot economy, they nevertheless pose risks ...

The Trump administration’s trade policies continue to monopolise attention. The implications are multidimensional. Among other things, they affect the course of the dollar, as well as the exchange rates ...

Culture is a crucial, but underestimated, factor in socio-economic progress. It influences the perceptions of national authorities and citizens and defines their approach to addressing challenges and interactions with the ...

ALTHOUGH the adoption of an aggressive policy of imposing high tariffs by the United States featured prominently in President Trump’s campaign agenda, the scope of the actual measures has ...

The ongoing discussion on the unfreezing of first-time appointments in the public sector, including local authorities, is crucial, taking into account the size of the public payroll and its broader ...

Most assessments of the developments and prospects of the EU are unfortunately negative. The EU is increasingly criticised for its inflexible policy decision making framework, excessive bureaucracy, inability to play ...

By Andreas Charalambous, Omiros Pissarides, and Evangelos Tryfonos Preventive risk management is of paramount importance, as it mitigates potential negative consequences and enhances the long-term stability of an economy. Taking ...

The performance of the Cypriot economy is currently rather noteworthy: satisfactory growth, low unemployment, modest inflation and surpluses in public finances. However, over time, it has also illustrated excessive deficits ...

Indonesia’s recent accession to the Brics coalition highlights the ongoing and ambitious efforts of its member countries to create a rival to the G7, the alliance of the world’...

Globalisation has been a dominant feature of the socio-economic developments of recent decades. Now, it has been showing signs of de-escalation. For some time now, the view that the unfettered ...

Banks play a key role and are inextricably linked to the outlook of the economy, mainly through supporting growth by providing financing to businesses and individuals. However, as demonstrated during ...

The award of this year’s Nobel Prize in economics to Acemoglu, Johnson and Robinson highlights a fundamental aspect of the global economy, notably inequality between countries. The three scientists ...

Cyprus’ credit rating was recently upgraded from Baa2 to A3 by Moody’s. The double upgrade reflects, firstly, the improvement in the country’s fiscal indicators. Public debt has fallen ...

The election, for the second time, of Donald Trump in the US signals important geopolitical changes and is expected to impact the global economy decisively. Currently, the US economy presents ...

A large number of countries are facing increasing problems with pension sustainability and adequacy. To address this challenge, some European countries have adopted a three-pillar framework, which is based on: ...

In a previous article, we referred to the economic challenges faced by the EU. Some analysts and reputable media express the view that Germany is currently the “sick man of ...

At present, global interest appears to be focused on geopolitical tensions in Ukraine and the Middle East and the evolution of interest rates in the US and eurozone, as well ...

The EU is currently undergoing a critical period, mainly due to economic stagnation, lagging behind the US and China in the field of technology and insufficient progress in the battle ...

Although Serbs have existed as a distinct ethnicity for centuries, contemporary Serbia is the result of the breakup of socialist Yugoslavia and subsequent wars. Yugoslavia was formed after the end ...

The role of the state in the field of investments is becoming increasingly important, as, over the coming decades, additional funds will be required for the purposes of: (a) tackling ...

Economic theory has its roots in antiquity. As early as the 18th century BC, the Babylonian King Hammurabi’s Code includes references to property rights, contracts, credit and economic justice. ...

In recent years, the Indian economy has been growing rapidly, while also gaining ground amid rising tensions between China and the US, as well as the EU. The underlying circumstances ...

The evaluations of international organisations, most recently the International Monetary Fund (IMF) and Fitch rating agency, confirm the satisfactory performance of the Cypriot economy. The growth rate reached 2.5 per cent ...