British expats living across Europe are being “routinely abandoned” by financial firms due to Brexit red-tape and complications, according to U.K. media reports. A leading advisory firm recommends that expats seek financial
In a bid to encourage teenagers and 18 to 30 year olds to get on board the Covid-19 vaccination train, the government has joined forces with private companies offering incentives, ranging from
The Cypriot economy is projected to record strong GDP growth over the next two years after a pandemic-induced 2020 contraction. A gradual return to normalcy and an increase in vaccination coverage are
The ECB’s Strategy Review will allow for the continuation of support of the Eurozone economies, said Central Bank of Cyprus (CBC) governor Constantinos Herodotou. “The ECB’s Strategy Review, with its clearer symmetric
The lifting of restrictive measures, including a two-week harsh lockdown from April to May, has boosted the economy, as credit card purchases improved 16% in the second quarter. According to the latest
Cypriot GDP is projected to recover by 3.8% in 2021, following a contraction of 5.1% last year, according to the Cyprus Central Bank’s economic bulletin. In 2022 and 2023, GDP is expected
Nicosia should continue fiscal support measures to mitigate COVID-19 economic scarring and focus on digitisation and transition to a green economy as recovery takes hold, the International Monetary Fund said. Following a
Hourly labour costs decreased in Cyprus by 1.7% in the first quarter of 2021, while in the rest of the euro area, they increased 1.5% year-on-year; it was a higher 1.7% in
ECB supervisory board member Elizabeth McCaul advises caution over possible amendments to the Cyprus foreclosure law as they could “backfire and destabilise the banking sector”. In an interview with CNA, McCaul said
Cyprus’ recovery and resilience plan to make the economy socially and environmentally sustainable will increase GDP growth by 7% over the five-year implementation, said Finance Ministry official George Pantelis. At the online
