Finance Minister Constantinos Petrides on Friday said parliament’s 2021 budget rejection came at the worst possible time, putting the brakes on government fast-tracking economic recovery from COVID-19. Although the government is preparing
Uncertainty looms over Cyprus’ economic future as it prepares to exit a prolonged crisis brought on by the pandemic with a less vibrant rebound from recession in 2021. The Central Bank of
Bitcoin’s market capitalisation of $421.28 bln market cap is higher compared to any bank globally, pushed by institutional investors, according to data produced by Bankr, the financial comparison site. As of December
PwC has issued a digital and green blueprint to restarting Cyprus’ battered economy following the coronavirus crisis and lockdown measures causing severe financial trauma. In a study entitled “Restart Cyprus: Now”, PricewaterhouseCoopers
Cyprus announced a new record 457 cases of SARS-CoV-2 on Thursday, 33 more than the previous high a week earlier on December 11 which marked the first day of the ‘light lockdown’
The Cyprus Banks Association announced Thursday they would extend the freeze on foreclosures of primary homes introduced during the first COVID-19 lockdown. The freeze involves properties which are registered as the owner’s
Cyprus tourism has hit rock bottom with annual arrivals of holidaymakers in the first 11 months to November sinking 84% due to the pandemic. Tourist arrivals for November alone were down 94.7%
President Nicos Anastasiades asked Egypt to exert pressure on Turkey to reverse its illegal actions over energy rights and ease tensions to create a climate conducive to resuming Cyprus talks. Accepting, on
Cyprus had the third-lowest annual inflation rate in Europe in November with it declining to -1.1% behind Greece (-2.1%), Estonia (-1.2%), according to Eurostat data. In November, Cyprus’ Harmonized Index of Consumer
Coronavirus has taken its toll on residents in the tourism-dependent Famagusta region, as more families than ever before need food packages provided by local charities to make ends meet as the festive
