Uncertainty continues to prevail over the economy, as economists warn that things are not expected to improve as the highly volatile geopolitical environment continues to cast its shadow. A report compiled by
The government will intervene to keep a lid on the price of essential goods amid rising inflation, which is driving the cost-of-living crisis. The cabinet has greenlighted a bill that will oblige
Cyprus’ economy will grow by more than 6% GDP this year, crashing the EU average, said Finance Minister Constantinos Petrides. In comments after a cabinet meeting on Tuesday, Petrides said the latest
Finance Minister Constantinos Petrides will ask President Nicos Anastasiades to return the House’s decision to extend a foreclosure freeze, arguing that Cyprus’s credibility among foreign investors and creditors will be shaken. “Unfortunately,
In October 2022, economic sentiment in Cyprus improved as confidence was driven by the services sector and retail trade gains. The Economic Research Centre of the University of Cyprus’ Economic Sentiment Indicator
Finance Minister Constantinos Petrides said the 2023 state budget is not a pre-election ploy but a responsible one to navigate the country through turbulent times. Presenting the budget at the House Finance
Capital Intelligence Ratings has upgraded Cyprus’ Long-Term and Short-Term Foreign Currency Rating to ‘BBB-’ and ‘A3’ from ‘BB+’ and ‘B’ but revised the outlook to Stable from Positive. A statement said the
A prudent fiscal stance is necessary to maintain buffers to enable government support to the vulnerable during the current energy crisis, warned Finance Minister Constantinos Petrides. “In this new era, we should
A prolonged increase in prices is ranked by experts as the most likely negative impact on the Cypriot economy, according to a survey by the Competitiveness Council. The “significant and prolonged increase
Cyprus malls have escaped unscathed from the effects of hiking inflation rates, with their turnover setting new records. Stakeholders report that an influx of tourists compared to two years of coronavirus has
