Finance Minister Constantinos Petrides expects to see the Cyprus economy bounce back from the pandemic with 4.5% GDP growth in 2021 following a 5.5% contraction during last year’s health crisis. Addressing Invest
Uncertainty looms over Cyprus’ economic future as it prepares to exit a prolonged crisis brought on by the pandemic with a less vibrant rebound from recession in 2021. The Central Bank of
The Cyprus economy bounced back in the third quarter to 9.4% GDP growth from a 13.1% contraction in the previous quarter that included the lockdown period to control the pandemic. Year-on-year, the
Cyprus’ pandemic-struck economy is expected to contract by 6.2% GDP in 2020, rebound 3.7% in 2021 and 3% the year after, said the European Commission autumn economic forecast. According to the forecast,
Post-COVID aftershocks the island’s fragile economy is expected to bounce back next year with real GDP growth projected at 4.2% from a contraction -6.5% in 2020, according to economists. The University of
Cyprus’ economy was on the recovery path in September and October after reaching historically low levels due to the pandemic with year-over-year growth rate remaining relatively stable. Economists also warn that more
Impact of the Covid-19 pandemic to the Cyprus economy was deeper than expected in the second quarter contracting 12.3% GDP from an initial estimate of 11.9%, new data showed Friday. The second
We have been hearing about sustainability and job creation ever since the incumbent ‘pro-business’ administration came into office the first time around, over seven years ago. We were supposed to transform into
Cyprus Finance Minister Constantinos Petrides predicts the economy will perform better than expected post-COVID shrinking by less than 5.5% GDP instead of the previously forecast of -7%. “We have succeeded in our
Cyprus’ economy will fare better than expected from the pandemic fallout as it is expected to contract less than 7% of GDP this year, said Finance Minister Constantinos Petrides. In the early
