By Demetris Georgiades It is in the nature of Fiscal Councils to be prudent and to advocate for fiscal discipline. But under the unprecedented pandemic, there was a consensus even amongst Fiscal
The Cypriot economy will recover in 2021, albeit at a more moderate pace than the previous projections due to lockdown measures in January and April, the Cyprus Central Bank forecasts. The projections
Cyprus will allocate over €1 bln for a speedy transition to a Green economy built on renewable energy over the next five years. Agriculture Minister Costas Kadis, Energy Minister Natasa Pilides and
The government announced this week it would go green, invest more in a cyclical economy, create 11,000 new jobs, and inject more than €4 bln in the stimulus package. As ambitious and
The shipping sector showed “tremendous resilience” in supporting the Cypriot economy amid the coronavirus pandemic; President Nicos Anastasiades told the annual meeting of shipowners and shipmanagers on Thursday. He praised the maritime
Nicosia heralded its economic performance as the best in the eurozone, with Finance Minister Constantinos Petrides welcoming data showing Cyprus had quarterly GDP growth of 2% in Q1. According to Eurostat, only
The Cypriot economy is no stranger to economic downturns. Less than a decade ago, it faced an almost existential threat. Two of its biggest banks went down. Money became so scarce it
Cyprus’ economic activity contracted sharply in 2020 due to the COVID-19 crisis, albeit less than the EU average, but a 3.1% GDP rebound is expected this year, according to the EU Commission
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
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
