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
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,
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
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
Some 73% of CEOs believe global economic growth will decline over the next 12 months, the most pessimistic outlook in over a decade, said PwC’s Global CEO Survey. The bleak CEO outlook
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
Cyprus is heading into an uncertain 2023, but economists argue the economy can remain resilient, as it has proven in the past. In comments to the Financial Mirror, economist Marios Soupashis said
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
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
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,
