Cyprus Finance Minister Constantinos Petrides welcomed parliament passing the €9.4 bln 2020 state budget for the government to continue on the path of economic stability, growth and shielding the economy from external
Low productivity and high private debt, as external risks increase, are the main challenges for the Cyprus economy to tackle, said an International Monetary Fund (IMF) review. The IMF Executive Board welcomed
After a heated discussion among MPs, parliament gave the green light for the €8.5 mln reimbursement to the producers of a Hollywood movie filmed entirely in Cyprus, but the film scheme remains
The Finance Ministry welcomed data showing Cyprus’ economy grew at 3.4% GDP in Q3 2019 for the fifth consecutive year saying it was proof of solid foundations. In a statement, the Ministry
The Agriculture Ministry is preparing an ambitious scheme to increase the production of goats and sheep milk by genetically enhancing livestock to meet a spike in demand for Cyprus’ squeaky cheese. Demand
New Finance Minister Constantinos Petrides warned against complacency regarding the economy as he reaffirmed the government’s commitment to ensure its justice and local administration reform agenda is implemented. Presenting the 2020 state
Privatising the Cyprus Telecommunications Authority (Cyta) and continuing the government’s fiscal policy are top of the new Finance Minister Constantinos Petrides’ to do list. He told parliament during his first appearance as
Cyprus recorded annual deflation of 0.5% in November 2019, while for the first 11 months of the year inflation of 0.2% was recorded. The Consumer Price Index (CPI) increased in November by
The Finance Ministry has urgently requested that parliament to release €9 mln in reimbursements owed to martial arts film Jiu Jitsu, partly shot in Cyprus featuring Hollywood star Nicolas Cage. The Hollywood
Registered unemployed registered at District Labour Offices, based on data adjusted for seasonal fluctuations, reached November 2019, the lowest level since February 2010. According to official data, unemployed persons registered on the
