Green, digital transition to revamp economy

Finance Minister Constantinos Petrides said the Cyprus economy would become more robust by going through the green and digital transition. In his speech at the Digital Agenda Summit held Wednesday in Nicosia,

Wrong-way to keep costs down

There is a love-hate relationship between the government and the business community. On the one hand, the government needs business to pay taxes and contribute to national growth to maintain its payroll;


Financial risks from unregulated cryptos

Digital currencies could trigger a financial meltdown unless governments take swift action to regulate this market, the Guardian quoted a senior Bank of England policymaker as saying. Likening the growth of cryptocurrencies


IMF upbeat on Cyprus economy

Despite a supply chain crisis, the International Monetary Fund revised 1.8 percentage points upwards the growth rate of the Cypriot economy this year to 4.8% GDP, compared to its forecast in April.


Circular Economy redefining production

It is now generally accepted that 2021 has officially signalled a new era for humanity and business. An era dedicated to Sustainability and Sustainable Development as compliance with the United Nations Agenda

Challenges ahead for banking sector

The banking sector faces multiple challenges ranging from the large percentage of non-performing loans (NPLs) to climate change; despite progress made, speakers told the Association of Cyprus Banks AGM. Finance Minister Constantinos


Cyprus has to get EU resilience plan right

Implementing the EU-backed €1.2 bln Recovery and Resilience plan successfully is important for public finances while boosting the island’s growth prospects, said Finance Minister Constantinos Petrides. Speaking before the House Finance Committee


Building activity makes strong recovery

Building permits issued in the first half of 2021 marked a significant recovery from Covid-hit 2020 while exceeding the pre-pandemic activity of 2019, according to data released by the Cyprus Statistical Service.

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