Economic sentiment improves further

Cyprus’ economic sentiment in June increased 6.2 points from May, reflecting the improvement in high consumer confidence and activity in services. The Economic Sentiment Indicator (ESI), compiled by the University of Cyprus’

Economy to grow at moderate pace

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

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False dawn for the jobless

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

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Shipping showing resilience, helping economy

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

The post-pandemic economy

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

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