#finance

As the EU attempts to balance fiscal discipline with the need for increased investment, public debt remains a key indicator of macroeconomic stability. Eurozone total debt stands at 88.5 per cent ...

By Nicoletta Kouroushi Cyprus continues to constitute a reliable and competitive investment destination within the European Union, offering a developed legal framework, modern business infrastructure and a strategic geographical location. ...

The Cyprus government is generating large surpluses and accumulating deposits at banks reaching €6.8 billion at the end of September 2025.  And Cyprus banks held cash and cash balances totaling €19.6 billion or ...

Minister of Finance, Makis Keravnos, highlighted the decisive importance of defence sector funding, both for strengthening the EU’s strategic autonomy and for improving the competitiveness of the European economy, ...

French President Emmanuel Macron said on Tuesday he was in favour of imposing new sanctions on Russia in the coming days if Moscow failed to respect a ceasefire, mentioning financial ...

Minister of Finance Makis Keravnos underlined the importance of regional partners aligning with European standards and European values in the context of economic cooperation, during his participation in the annual ...

The president of the Eurogroup and Ireland’s finance minister, Paschal Donohoe, is paying an official visit to Cyprus on Holy Tuesday. Donohoe’s visit aims to strengthen cooperation on ...

A push for closer cooperation between Cyprus and the European Union on economic policy took centre stage on Monday during a meeting between Finance Minister Makis Keravnos and Independent MEP ...

Cypriot startups are set to receive a significant boost with €26 million in funding secured by venture capital firm 33East in partnership with the European Investment Fund (EIF). The fund aims ...

Cyprus is set to receive a €144 million boost for the construction of a new archaeological museum in Nicosia heard on Tuesday. The funding agreements will be signed on February 27, during ...

Cyprus has received a total of €126 million net in funds from the EU for 2023 and is set to gain much more by 2027, Cypriot member of the European Court of Auditors (...

The year 2025 will be “much more difficult” economically than previous years for Turkish Cypriots, the north’s ‘economy minister’ Olgun Amcaoglu said on Thursday. Speaking to the north’s public ...

The European Central Bank (ECB) will cut its key interest rates sooner than it recently thought and should not wait until May to make a decision, as there are no ...

The central government’s debt fell by 5.6 per cent between June and September to €22.5 billion. The figure amounts to a €1.33bn reduction over the course of the three-month period in ...

It was encouraging to hear Finance Minister Makis Keravnos defending the government’s decision to end the subsidy of all electricity bills and the reduction of the consumer tax on ...

Cypriots have low confidence in bank officials when it comes to their advice on making financial decisions, while about one-third claim their basic rights had been breached at least once ...

Lawmakers on Monday made more progress on a government bill aimed at reducing the stock of non-performing loans on banks’ books – a pledge Cyprus made to the EU in exchange ...