Throughout the week, as the panic picked up momentum over the worldwide spread of COVID-19 and its potential impact on Cyprus, health warnings prompted public services to limit their physical interaction. Venues
By Nikolas Ioannou The Coronavirus, also known as COVID-19, originated in China at the end of 2019 and it has been identified as the cause of an outbreak of a respiratory illness,
A financial support package for businesses to cope with the impact from coronavirus disease is being prepared by the government, Finance Minister Constantinos Petrides said. He also stressed that an extraordinary budget
As the novel Coronavirus spreads around the world, economies are shaken with stakeholders in the Cypriot economy fearing that if the virus poses a threat for a prolonged period Cyprus will pay a hefty price.
The construction and tourism sectors were the driving forces behind Cyprus’ economic growth in 2019, while the banking sector continued shrinking, according to official data. According to data released by the Cyprus
The Finance Ministry said on Tuesday it is satisfied with Cyprus’ economic performance last year as the country’s annual GDP grew by 3.2% down from 3.8% in 2018. “These developments show that
Cyprus’ economy is still characterised by large economic imbalances, which, unless addressed, may impede its medium-term prospects, the European Commission warns in its in-depth analysis. It said Cyprus’ large imbalances are a
Economic sentiment in Cyprus dropped to 111.0 points in February from 111.7 in January, mainly due to weaker business confidence in services, despite improvements in retail trade, construction and among consumers, the
Growth in the Turkish Cypriot economy over the next two years will not be high enough to raise per capita incomes unless policymakers implement ambitious reforms, according to the Annual Macroeconomic Monitoring
Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to
