State borrowing must be reduced, says Fiscal Council The Fiscal Council, advising the Cyprus government on economic policies, has renewed a warning call that borrowing from the Social Insurance Fund has reached
Consumers in Cyprus are still grappling with the lingering effects of previous inflation surges, despite a slowdown in the inflation rate to its lowest level in three years this March. The cost
Capital Intelligence has revised upwards the sovereign ratings for Cyprus due to a “faster than projected decline in general government debt due, consistent primary fiscal surpluses, as well as proactive debt management.”
The average salary in Cyprus grew by 6.2% in the fourth quarter of 2023, compared to the same period in 2022, according to provisional data released by the Statistical Service, offering some
Following criticism for pulling the plug on an 8 cent fuel subsidy, the government announced a €35 mln package, including an extension to the electricity subsidy until the end of June. The
A leading indicator used to predict the direction of economic movements in Cyprus in future months continues its downward trend and is about to flatline at 0% growth. The Cyprus Composite Leading
Morningstar DBRS has confirmed the sovereign ratings for Cyprus, based on strong economic growth, but warned the island remains exposed to geopolitical shocks, and constrained by the small size of the services
Moody’s said on Thursday that the risks associated with loans for Cypriot banks are expected to decrease further due to consistent economic growth, alongside declining inflation and unemployment rates. However, reaffirming the
Cyprus plans to implement the Markets in Crypto-Assets (MiCA) regulation by the end of this year or early 2025, aimed at protecting investors and promoting widespread transformation in the crypto asset sector in the
Junior ministry confident despite challenges ahead Cyprus’ tourism boss, Costas Koumis, is confident that the island will keep its head above war clouds in 2024, with arrivals expected to come close to
