Cyprus’ GDP growth will slow considerably as the war in Ukraine pushes inflation to unprecedented heights, according to the European Commission. In its Spring forecasts on Monday, the European Commission revised its
The University of Cyprus downgraded its projection for economic GDP growth this year to 2.6% due to the Russian invasion of Ukraine, warning of potential deterioration in asset quality in the banking
Finance Minister Constantinos Petrides argues the best way to address rising inflation is not by imposing additional taxes but by investing in growth. He also assured Cyprus is not over-exposed to Russia,
The Greek government is taking another step towards financial abyss by announcing a new package of financial measures aimed at strengthening households and businesses hit by runaway energy prices. The total package
Developments in the global economy, the effects of the pandemic and the collapse of the “state of corruption” call for a new model of economic development for Cyprus. The state has an
The continued high GDP rate in the fourth quarter of 2021 confirms the resilience and dynamism showed by the Cypriot economy, boosting expectations for further growth in 2022, Finance Minister Constantinos Petrides
Although Cyprus, research and development investment has risen during the last decade, data shows that the R&D expenditure as a percentage of GDP is the lowest in the EU. Moreover, the disinvestment
The high 5.3% GDP growth in Q3 2021 confirms the strength of the Cypriot economy, reinforcing expectations for a positive outlook in Q4, the Finance Ministry said. According to preliminary estimates of
The EU Commission forecast of economic progress for Cyprus shows the recovery of the Cypriot economy with projections of over 4% GDP growth in 2021 in line with Nicosia, the Finance Ministry
Cyprus’ economy is forecast to grow by 3.1% GDP in 2021, but the European Commission warned the country’s fiscal outlook is surrounded by substantial risks in its post-bailout surveillance report. “The fiscal outlook
