Economy - Page 35

A Story Retold: Magic Money Tree

By Yiannis Kitromilides Once upon a time, a magic money tree was discovered that instead of leaves had money on its branches. People could just pick up the money from the tree

24th October 2020

Comment/Economy

COVID19: Cyprus economy contracted 12.3% in Q2

Impact of the Covid-19 pandemic to the Cyprus economy was deeper than expected in the second quarter contracting 12.3% GDP from an initial estimate of 11.9%, new data showed Friday. The second

16th October 2020

Cyprus/Economy

COVID19: IMF sees modest 2021 Cyprus recovery

The International Monetary Fund estimates the Cyprus economy will bounce back from the Covid-19 pandemic at a lower GDP rate than its earlier projections. In 2021, the Cyprus economy is projected to

14th October 2020

Cyprus/Economy

New storm brewing over ‘golden passports’

Cyprus Citizenship for Investment Scheme is under scrutiny once more following revelations the cabinet approved the naturalisation of 42 relatives of a Saudi businessman with friendly ties to the President. The case

10th October 2020

Business/Economy

COVID19: Pandemic causes budget deficit until 2023

Cyprus’ Finance Ministry forecasts a budget deficit until 2023, due to crisis support measures and a spike in public debt from borrowing to soften the impact of coronavirus. The cabinet on Wednesday

8th October 2020

Cyprus/Economy

Cyprus house prices biggest drop since 2014

The Cyprus House Price Index (HPI) decreased 2.9% in the second quarter from a year ago, marking the biggest annual drop since Q1 2014, according to a Statistical Service preliminary estimate. The

8th October 2020

Cyprus/Economy

Cyprus gender pay gap needs 30 years to close

Women in Cyprus will need to wait another 30 years to see their earnings equal those of their male colleagues, according to the European Trade Union Confederation (ETUC). Based on Eurostat data

5th October 2020

Cyprus/Economy

Economy to contract 5.5% GDP in revised forecast

Cyprus Finance Minister Constantinos Petrides predicts the economy will perform better than expected post-COVID shrinking by less than 5.5% GDP instead of the previously forecast of -7%. “We have succeeded in our

30th September 2020

Cyprus/Economy

COVID19: Hellenic Bank H1 profits at €17.7 mln, impact from virus

Hellenic Bank reported a lower first half net profit of EUR 17.7 mln, impacted by the coronavirus pandemic, down from EUR 58.3 mln in the same period last year. The second biggest

26th September 2020

Companies/Cyprus/Economy

Cyprus passports leak was economic treason

The generally accepted dictionary meaning of the word treason is “the breaking of moral commitment for personal benefit, cause of damage by fraud and damage to one’s country”. We will concentrate on

20th September 2020

Comment/Economy

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Economy - Page 35

A Story Retold: Magic Money Tree

COVID19: Cyprus economy contracted 12.3% in Q2

COVID19: IMF sees modest 2021 Cyprus recovery

New storm brewing over ‘golden passports’

COVID19: Pandemic causes budget deficit until 2023

Cyprus house prices biggest drop since 2014

Cyprus gender pay gap needs 30 years to close

Economy to contract 5.5% GDP in revised forecast

COVID19: Hellenic Bank H1 profits at €17.7 mln, impact from virus

Cyprus passports leak was economic treason

MOODYS: Turkey accelerating monetary tightening is positive

Tales from New York

Game over for Armenia?

Employers fear deepening labour shortage

ICT market to be worth €850 mln by 2025

Quake rattles Limassol

Parliament condemns Azerbaijan’s military operation in Nagorno-Karabakh