An economic and business policy is not a list of promises about what a presidential candidate will do for every social and professional group in the country to win their votes. Economic
Economic rationalism should not be ignored for populist spending by a new government but maintain a serious fiscal administration and continuity, outgoing Finance Minister Constantinos Petrides warned. “The public service in Cyprus,
Cyprus remains the EU country with the highest stock of non-performing loans (assets) of the general government at 20.2% of GDP, according to Eurostat data. This was due to a large transaction
The endless parade of scandals and the short-term thinking during the Anastasiades administration have created the false impression that their policies have benefited the economy. To grow, do we need to sacrifice
Household debt reached €20 bln, equivalent to 77% of Gross Domestic Product in Q3 2022, marking a slight decrease compared to the previous quarter due to the increase in GDP, according to
Cyprus’ economy came to a standstill on Thursday during a three-hour general strike affecting the wider public sector in a dispute over the reinstatement of the inflation-linked Cost of Living Allowance as
Real GDP growth is projected at 5.6% for 2022 and 2.6% for this year after an upward revision by the University of Cyprus Economics Research Centre. In its report, the Research Centre
Cyprus Central Bank governor Constantinos Herodotou called for awareness over rising private debt as the economic outlook deteriorates due to the prolonged Russian invasion of Ukraine. Herodotou called for increased vigilance to
Property sales worth €17 bln have been recorded by the Land Registry since 2018, with 2022 being the best year, according to the latest data. The value of the property sold between
The Harmonised Index of Consumer Prices (HICP) rose 8.1% last year compared to 2021, driven by higher energy bills and pump prices. In December alone, the HICP increased by 7.6% compared to
