Deputies will be using Thursday’s final session before dissolving for fresh elections next month to pass a bill that defines and regulates state guarantees worth €1 bln for coronavirus-hit businesses. The bill
According to the University of Cyprus Economics Research Centre, the island’s GDP growth is projected at a slower 3.3% for 2021, accelerating to 3.6% next year. April’s growth forecast for 2021 was
By Constantinos Petrides In 1961, President John F. Kennedy announced the US would set foot on the moon within the next decade. At that time, the required technology was not available, and
Businesses based in Cyprus will be obliged to declare their true owners, as Cyprus takes steps to shed its spotty reputation as a money-laundering haven, to protect its fragile economy and to
By Michael Olympios Almost a decade ago, the apocalypse in the banking sector sent the Cypriot economy’s downgrading by rating agencies to junk, leaving many businesses overleveraged and undercapitalised. Banks’ enormous liquidity
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%,
