Economy - Page 2

Tackling poverty needs jobs, investment, education

Tackling poverty needs sound economic policy requiring support for entrepreneurship, capital for investments, education, good public service and an environmental strategy, said Cypriot Nobel Laureate, Sir Christopher Pissarides. Pissarides told an online

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Cyprus incentives to live in rural areas

The government on Wednesday unveiled new cash incentives to encourage young couples to live in the countryside and revive local businesses in rural areas. Aiming to boost the economy and entrepreneurship to

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Bad Bank would reduce debt mountain

Economists have welcomed the idea of creating a state-owned bad bank to help the banking system offload toxic loans to focus on supporting a battered economy post-pandemic. Bank of Cyprus Financial Research

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Cyprus to mirror Ireland’s bad bank success

With the highest Non-Performing Loans ratio in the eurozone, Cyprus will create a ‘bad bank’ to relieve its financial institutions of €10 bln in Non-Performing loans, hoping to mirror the success of

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Rise and fall of empires

By Pavlos Loizou  There is a typical cycle behind empires’ rises and declines. In the beginning, there is peace, prosperity, and productive debt growth. As the economy expands, a debt bubble is

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Building permit values decline sharply

The value of Cyprus building permits issued from January to November 2020 declined by 23% year on year to €2.5 bln, mainly affected by the impact of the pandemic on large-scale projects.

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Strong economic recovery not a given

Cyprus’ economy will start to recover in 2021, however, at a much slower pace than the government predicts with everything riding on the speed of the COVID-19 vaccination rollout, analysts told the

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