#Cyprus economy

By Andreas Charalambous and Omiros Pissarides With the easing of the pandemic and the gradual reactivation of economies, rising inflation was initially perceived as a transitory phenomenon. The authorities’ underestimation ...

Former Finance Minister Constantinos Petrides has slammed down hard on the narrative propagated through the media – that it was MPs who ‘saved the day’ by passing legislation in the nick ...

During the presidential election campaign the candidates expressed concerns about youth unemployment, which they all promised to tackle if elected. The prevailing wisdom has always been that the state has ...

By Andreas Charalambous and Omiros Pissarides Income inequality followed an increasing trajectory at a global level until the mid-1990s and a downward trend in the subsequent period. Over the ...

By Les Manison In his campaign to become President of the Republic of Cyprus Nikos Christodoulides promised that his government would be one of “broad social acceptance” and would represent ...

The Cyprus government under the leadership of President Nicos Anastasiades has done a poor job in managing the economy with respect to benefiting most of its citizens over the past 10 ...

Cyprus ranks fifth among EU member states as regards absorption from the EU cohesion funds, Finance Minister Constantinos Petrides said on Saturday. He added that the “challenge” now is to ...

Cypriot public finances improved due to increased growth, although they are expected to be adversely affected due to a projected slowdown in the next few months, according to the 13th ...

President Nicos Anastasiades on Friday night stressed that his government will not give into new demands that will affect the financial stability of the island for the sake of popularity ...

The HackAdTech Open Hackathon, dedicated to solving AdTech and MarTech challenges, with an emphasis on improving life on the island will open its doors on November 26. The two-day event plans ...

Cyprus has good applied research and that churns out technologies, but it’s missing the funding. A venture capital fund aims to change all that One of the leading contenders ...

By Andreas Charalambous and Omiros Pissarides The Sahel zone is located south of the Sahara desert and it stretches from the west coast of Africa to the east coast by ...

Unions and employers brace for fight over wage rises Unions and employers’ organisations are on a collision course over the cost of living allowance (CoLA), which they are set to ...

Outgoing president Nicos Anastasiades on Sunday claimed that he was handing over a Cyprus “better than the one he received”. In an interview with ‘INSIDER’ magazine and in relation to ...

Government more interested in pleasing credit-rating agencies than citizen welfare By Les Manison In presenting the government budget for 2023 to the House of Representatives the minister of finance, Constantinos Petrides, ...

Credit card transactions during the first eight months of 2022 in the occupied areas by Cypriot citizens residing in the south more than doubled, reaching €29.37 million compared to the corresponding period ...

The prospect of a recession in Cyprus is a distinct possibility According to the latest Eurobarometer by the European Commission seven out of ten Cypriots describe the economic situation of ...

By Les Manison The autumn 2021 forecasts of the European Commission for Greece and Cyprus are excessively optimistic particularly on inflation rates and the government finances. In making these fanciful forecasts ...

There is no economy anywhere in the world in which populism has proved an effective tool to tackle inflation, even though, listening to some Cyprus parties you would think it ...

By Barret Kupelian Last week saw the G7 agree on a set of ground-breaking reforms to the international tax system. This was met with some scepticism in Cyprus as well ...

Cyprus will not be able to take full advantage of ample EU covid aid unless it is willing to undertake major reforms In recent days there has been much advertising ...

With outright surprise we took notice of the historical overview of Russian-Cypriot relations “Russia is not the horse to bet on” (Sunday Mail, April 4). The underlying message of the article ...

By Andreas Charalambous and Omiros Pissarides At regular intervals, the European Commission undertakes an assessment of the economies of the member countries of the EU. This process, known as ‘European ...

But serious, long-term investors must be able to trust the jurisdiction in which they invest By Peter Droussiotis Cyprus has many of the attributes required to build a diverse economy ...