No more special favours

An economic and business policy is not a list of promises about what a presidential candidate will do for every social and professional group in the country to win their votes. Economic

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Minister says don’t rock stable economy

Economic rationalism should not be ignored for populist spending by a new government but maintain a serious fiscal administration and continuity, outgoing Finance Minister Constantinos Petrides warned. “The public service in Cyprus,

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Promoting a fairer, more equal society

The endless parade of scandals and the short-term thinking during the Anastasiades administration have created the false impression that their policies have benefited the economy. To grow, do we need to sacrifice

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Cyprus paralysed by general strike

Cyprus’ economy came to a standstill on Thursday during a three-hour general strike affecting the wider public sector in a dispute over the reinstatement of the inflation-linked Cost of Living Allowance as

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Foreign workers have rights too

After years of disagreements, heated debates and name-calling, the national minimum wage finally came into being on 1 January, ensuring an additional 40,000 workers in the private sector take home decent pay

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Rating agencies turn spotlight on elections

Credit rating agencies are keeping an eye on Cyprus’ presidential elections in February to conclude how the island’s new administration will be running public finances, say economists. Rating agencies will launch a

EU Single Market turns 30

The Single Market has led to an unprecedented market integration between Member State economies, serving as a driver for growth and competitiveness, said the European Commission to mark its 30th anniversary. “Established on

ΙCT sector contributed €3 bln to economy

The technology sector’s (ICT) contribution to the Cypriot economy is estimated to reach €3 bln this year, boosting its diversification and resilience. According to the latest data, more than 1,200 foreign companies,

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