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
Cyprus is persuading Investment Funds to move their operations to the island with stakeholders pleased that despite the pandemic interest is gaining traction. This was the main conclusion from the Cyprus Investment
The government on Wednesday unveiled new cash incentives to encourage young couples to live in the countryside and revive local businesses in rural areas. Aiming to boost the economy and entrepreneurship to
