The Cyprus government will spend €400 mln by 2030 to revitalise communities in mountainous and remote areas, interior minister Nicos Nouris said on Friday. He added that a new annual allowance will
The Cyprus economy will recover in the second half of 2021 and the economic and fiscal disruption caused by the pandemic will dissipate over the forecast horizon, according to Capital Intelligence Ratings.
The coronavirus crisis has elevated government importance to support local economies while highlighting the need for businesses to become more tech-savvy, economists told the Financial Mirror. Government is on the frontlines of
By Niki Tsivitanou Terms like “non-performing loans”, “foreclosures”, “loan sales” entered our lives in the last decade as a result of the global financial crisis, as well as the one in Cyprus.
Cyprus GDP grew by 1.4% in the last quarter of the coronavirus-struck year of 2020, compared with the previous quarter, while the rest of the European Union recorded a decrease of 0.5%,
While tourism stakeholders have welcomed Cyprus’ latest decision to open its doors to Covid-vaccinated British holidaymakers, travel experts fear that Cyprus may have a lot of catching up to do as other
Vaccinations are the “main economic tool” for managing the coronavirus crisis and driving prospects of a “strong recovery” in 2021 from 3.5% to 4.5% GDP, said Finance Minister Constantinos Petrides. He said
By Michael Olympios Events in recent months have become so appalling with Cyprus’ political corruption, leaving many wondering if its deleterious effects spilt over into the real economy. The investigation commission is
At -0.8% Cyprus had the third-lowest annual inflation rate in the European Union in January behind Greece (-2.4%), Slovenia (-0.9%), data showed on Tuesday. Cyprus’ Harmonized Index of Consumer Prices declined 0.8%
Tackling poverty needs sound economic policy requiring support for entrepreneurship, capital for investments, education, good public service and an environmental strategy, said Cypriot Nobel Laureate, Sir Christopher Pissarides. Pissarides told an online
