The coronavirus pandemic will have a negative impact on economies across the EBRD regions but recovery could be robust once the outbreak is contained, according to the bank’s economists. The European Bank for Reconstruction and Development,
Growth in the Turkish Cypriot economy over the next two years will not be high enough to raise per capita incomes unless policymakers implement ambitious reforms, according to the Annual Macroeconomic Monitoring
Cyprus credit card transactions in January increased by 6%, reflecting stable consumer confidence while online payments to the state did not play a significant role in the rise. According to the latest
Cyprus reunification would bring about enormous economic advantages for both sides of the island’s divide generating a peace windfall of more than €17 bln while creating 100,000 new jobs in a post-settlement
The number of registered Cyprus unemployed in January fell to a new 10-year low, according to seasonally adjusted data, mainly due to the decline in public administration jobless figures. Unemployed people, registered
With Cyprus banks holding record liquidity the system has come under fire from various stakeholders in the economy for keeping a tight lid on loans to new businesses and for mortgages. But some
Cyprus was one of six EU states where annual unemployment actually went up in 2019 while jobless among the youth is coming down. In Cyprus, the unemployment rate fell to 7.6% (34,000
Cyprus economic growth is expected to decelerate in 2020, with real GDP dropping from 4.1% in 2018 and 3.4% in 2019 to 2.8%, due to faltering confidence, risks related to bad loans
Strong consumer spending and a surge during Christmas put a smile on the economy with credit card transactions last year increasing 11% compared to 2018, according to JCC payment systems. A reflection
Car sales were down by 7.1% in 2019 compared to the previous year with dealers calling on the government to push the much-awaited scrappage incentive package to revive the stagnated market. After
