Thursday morning felt different. The morning breeze carried the familiar smell of early rain. As the clouds began gathering, a sense of nostalgia of my college years in Virginia brought memories of
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
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
International credit rating agency DBRS Morning Star projects the Cypriot economy’s growth rate will be at 4.3% GDP this year and recede slightly to 4.1% in 2022. The projections are included in
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 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.
The annual seasonally adjusted GDP growth rate is estimated at 12.9% for the second quarter of 2021, a huge improvement on the 2.1% shrinkage in the previous three months. It is the first
The Cyprus economy is on a path of recovery and growth, with private initiative, employees and local companies as its pillars, Finance Minister Constantinos Petrides said after Q2, GDP spiked 12.8%. He
The total registrations of motor vehicles increased by 1.5% to 22,074 from January to July, up from 21,752 in the same period last year, the Cyprus Statistical Service said. Passenger saloon car
Finance Minister Constantinos Petrides told MPs that Cyprus’ economy would recover and grow if it can avoid further COVID-19 lockdowns. Petrides asked MPs to approve an emergency €148.5 mln budget, the second
