economy Archives - Page 23 of 26

Cyprus reunification would boost incomes by 7%

Cyprus reunification would see the income of Greek Cypriots and Turkish Cypriot increase by 7% within a decade post-solution, a World Bank and U.N.-funded report said. Study authors Enrique Aldaz-Carroll and Reena

18th February 2020

Cyprus

Cyprus banks need to be more imaginative

Cyprus Central Bank Governor Constantinos Herodotou argues profitability and the need to find new banking products besides lending, is a big challenge for banks of a small country. He said that geography,

17th February 2020

Business

Cyprus GDP growth will slow to 2.8% in 2020

Cyprus’ economy will grow by 2.8% GDP in 2020 down from 3.2% last year, according to the European Commission’s Winter Economic Forecast. Inflation will be 0.8% in 2020 and 1.2% in 2021

13th February 2020

Business

Credit card spending spiked 6% in January to €413 mln

Cyprus credit card transactions in January increased by 6%, reflecting stable consumer confidence while online payments to the state did not play a significant role in the rise. According to the latest

12th February 2020

Cyprus/Economy

Cyprus workers getting smaller share of GDP than decade ago

Workers in two-thirds of EU states, including Cyprus, are receiving a smaller share of their country’s GDP than they were at the beginning of the decade, according to the European Trade Union

10th February 2020

Business/Life & Society

Halloumi debacle made in Cyprus

Government officials and dairy producers have agreed to disagree on how best to protect Cyprus’ famous cheese because there is no consensus on the traditional recipe. Although agreeing to move forward with

9th February 2020

Cyprus/Life & Society

Number of unemployed falls to new 10-year low

The number of registered Cyprus unemployed in January fell to a new 10-year low, according to seasonally adjusted data, mainly due to the decline in public administration jobless figures. Unemployed people, registered

6th February 2020

Cyprus/Economy

Cypriots earning less than 10 years ago

Cypriots are worse off than they were 10 years ago with Cyprus among only six countries whose workforce was paid less in 2019, on average, than in 2010, according to a European

3rd February 2020

Business

Cyprus economy suffering a chronic liquidity squeeze

By Anna Theologou Following past failures of the Cyprus banking system emanating from bad banking practices through predatory lending, which caused the economic crisis, banks continued until recently to implement unsustainable loan

3rd February 2020

Business/Comment/Guests

High private debt constrains cash-rich banks

With Cyprus banks holding record liquidity the system has come under fire from various stakeholders in the economy for keeping a tight lid on loans to new businesses and for mortgages. But some

2nd February 2020

Cyprus/Economy