#Cyprus economy

The electricity subsidy is to be extended until the end of June as part of the government’s latest package of measures aimed at alleviating the cost-of-living crisis. The measures ...

President Nikos Christodoulides said on Monday that he is planning and discussing with the cabinet about new measures or extending measures in place already to deal with inflation. He added ...

The main challenges currently facing the EU are sluggish growth, low levels of investment, slow adaptation of technology, tight labour markets, as well as over-reliance on conventional forms of energy ...

Recent statements by Cyprus bankers that the profitable activities of banks are contributing importantly to the good performance of the Cyprus economy and that large bank profits emanate mainly from ...

By Andreas Charalambous and Omiros Pissarides In recent decades, a number of factors have contributed to a containment in defence spending, including: (a) the end of the cold war which, ...

In reforming the Cyprus tax system basic conditions of adequacy, fairness, and its effective and uncomplicated administration should be met While the Cyprus government is repeatedly advertising the good performance ...

By Andreas Charalambous and Omiros Pissarides The calendar marked December 10, 2023 when, having just won the election based on an extreme “liberal” agenda, the economist Javier Milei entered the office of ...

Germany’s finance minister predicted a higher level of growth in the mid-term in Germany and said his party would counter the rise of the far-right by tackling the problems ...

The most important thing for the real economy is to reduce non-performing loans as they have in the banking sector so the economy can function without obstacles, Finance Minister Makis ...

By Andreas Charalambous and Omiros Pissarides Reports according to which the German economy is facing serious problems are increasing. In reality, however, despite the current sluggish growth, the country is ...

Cyberattacks against the government pose as the biggest risk to the Cypriot economy, while the mass influx of migrants and deteriorating climate change conditions make up remaining top three risks, ...

The Larnaca district court on Thursday rejected a case against the state and the Central Bank of Cyprus seeking damages for the losses during the 2013 haircut. In the court’s ...

Government spokesperson Konstantinos Letymbiotis on Friday said the European Commission’s Autumn Forecasts show Cyprus’ economic resilience, flexibility, and adaptability in challenging financial landscapes. According to the forecasts, Cyprus currently ...

The Cypriot banking sector is in the best position it has been in a decade, experts said during a session on the sector’s response in an environment of elevated ...

‘Cyprus needs to commit to economic reform’ Cyprus needs to commit to comprehensive economic reform to enhance its competitiveness and facilitate the green and digital transition, President Nikos Christodoulides said ...

By Andreas Charalambous and Omiros Pissarides The favourable assessments from the European Commission and the IMF, as well as the global rating agencies, demonstrate the satisfactory course of the Cypriot ...

Banks on Wednesday agreed to extend the foreclose freeze for primary properties but stressed it was the last time this would happen, urging government and parliament to find a solution ...

U.S. Treasury Secretary Janet Yellen on Thursday said U.S. third quarter economic growth of nearly 5% was “a good strong number” that points to a soft landing for the ...

Talking about the state budget for 2024 at the House finance committee on Monday, Finance Minister Makis Keravnos said he was worried about the increase of the public payroll, which stands ...

By Andreas Charalambous and Omiros Pissarides In recent decades, the Chinese economy has been expanding at a fast pace and has proved to be a strong driving force behind the ...

Parties across the political spectrum have supported the government’s recent raft of measures aimed at helping people through the cost-of-living crisis. Disy, Akel, Diko, Depa, the Greens, Edek, and ...

With three gold and two silver medals, Cyprus ranked third in The Economist’s economic pentathlon which calculated how the 27 EU member states perform on the five major challenges facing ...

Cyprus’ economy may be resilient enough to withstand the fallout from the conflict between Israel and Hamas, however the island may also be classed as a danger zone if the ...

By Andreas Charalambous and Omiros Pissarides The global economy is undergoing a difficult period, characterised by the enduring geopolitical turmoil and uncertainty, which adversely affect energy security and food sufficiency ...