economy Archives - Page 25 of 26

Year 2020: What lies ahead for the Cyprus economy

As we approach the end of 2019 it is always a good idea to look back at the year, evaluate the performance of our economy, but at the same time consider what

30th December 2019

Columnists/Comment/Cyprus/Economy

Investing in education in a post-recovery landscape

By Dr Nicos Koussis Seven years after the financial crisis that severely hit the banking sector and Cyprus receiving a €10 bln international bailout, the economy has for many, exhibited a remarkable

29th December 2019

Business/Columnists/Comment

Central Bank sees downside risks for Cyprus economy 2020-22

The Central Bank of Cyprus (CBC) sees some downside risks for the Cypriot economy over the next two years that may lead to slower GDP growth despite the robust economic activity. Non

25th December 2019

Business

Cyprus records 0.5% annual inflation in November

Inflation in Cyprus was 0.5% in November, up from -0.5% in October and down from 1.6% in November 2018. During the 11 months to November, an increase of 0.5% was observed compared

18th December 2019

Business

Hourly labour costs spike 6.1% in Cyprus

Hourly labour costs increase year-on-year in Cyprus (6.1%) in Q3 were nearly three times the eurozone average (2.6%) and double that of the EU28 (3.1%). In the second quarter of 2019, hourly

17th December 2019

Business

House approves 2020 budget with conditions

Cyprus Finance Minister Constantinos Petrides welcomed parliament passing the €9.4 bln 2020 state budget for the government to continue on the path of economic stability, growth and shielding the economy from external

12th December 2019

Cyprus/Economy

Cyprus economy challenged by low productivity, high private debt

Low productivity and high private debt, as external risks increase, are the main challenges for the Cyprus economy to tackle, said an International Monetary Fund (IMF) review. The IMF Executive Board welcomed

10th December 2019

Cyprus/Economy

Cyprus economy needs equity investment

Since the banking crisis of 2013, the economy of Cyprus has shown impressive resilience and improvement. From negative growth rates, we now have significant and positive growth. From budget deficits, we now

10th December 2019

Business/Columnists/Comment

Cyprus recorded increased annual GDP growth of 3.4% in Q3

The Finance Ministry welcomed data showing Cyprus’ economy grew at 3.4% GDP in Q3 2019 for the fifth consecutive year saying it was proof of solid foundations. In a statement, the Ministry

9th December 2019

Cyprus/Economy

Registered jobless reaches decade low in November

Registered unemployed registered at District Labour Offices, based on data adjusted for seasonal fluctuations, reached November 2019, the lowest level since February 2010. According to official data, unemployed persons registered on the

4th December 2019

Cyprus/Economy