The cost of government intervention to deal with the energy crisis rises daily as gas and electricity prices across Europe lose touch with reality and move into unchartered waters, a senior finance
The Automobile Association branded the Finance Ministry’s refusal to underwrite holding the Cyprus Rally over the next four years at WRC/ERC level as “irrational and criminal”, costing €120 mln in lost revenues
By Hussein Sayed, Chief Market Strategist at Exinity Nothing appears to stop the bullish run in equity markets that took the major US indices to new record highs last week. The S&P
The junior shipping ministry plans to spend 17% more next year on digital transformation and scholarships for students who seek a maritime sector career. Deputy Minister for Shipping Vassilis Demetriades told House
European prosecutors accuse Cyprus of inadequately monitoring how EU funds are spent, claiming one in 10 fraud cases against the European Union budget has a Cypriot connection, an accusation Nicosia denies. Cyprus
The 2021 state budget barely passed through parliament with the votes of socialist Edek, the Alliance, Solidarity, and the alt-right Elam, setting the tone for an ugly May election campaign ahead. Did
Following its unprecedented rejection, Cyprus’ revised 2021 budget was narrowly approved by parliament with the government relieved to see millions for coronavirus support unlocked. The €17.1 bln budget was passed on Thursday
Politicians showed true Christmas spirit in not allowing the government to have a budget or spend more money on the COVID-struck fledgeling national health service. Communists AKEL were suddenly concerned about the
Opposition parties may have won the battle, by throwing out next year’s state budget for the first time in decades, and giving the government a bloody nose, but they have not won
Finance Minister Constantinos Petrides on Friday said parliament’s 2021 budget rejection came at the worst possible time, putting the brakes on government fast-tracking economic recovery from COVID-19. Although the government is preparing
