Real GDP growth is forecast to slow from 5.1% in 2022 to 2.4% in 2023 before picking up to 2.8% in 2024, according to the latest economic Outlook from the University of
International rating agency, Fitch, affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’ assigning a Stable Outlook, assuming that fiscal surpluses continue despite an economic slowdown. Furthermore, the agency revised upward
Capital Intelligence Ratings has affirmed the Republic of Cyprus’ long-term foreign currency rating (LT FCR) and short-term foreign currency rating (ST FCR) at ‘BBB-’ and ‘A3’, respectively, saying that the outlook on
Cyprus’ economy will grow by more than 6% GDP this year, crashing the EU average, said Finance Minister Constantinos Petrides. In comments after a cabinet meeting on Tuesday, Petrides said the latest
Capital Intelligence Ratings has upgraded Cyprus’ Long-Term and Short-Term Foreign Currency Rating to ‘BBB-’ and ‘A3’ from ‘BB+’ and ‘B’ but revised the outlook to Stable from Positive. A statement said the
Rating agency DBRS Morning Star has downwardly revised Cyprus’ growth outlook again amid gloomier forecasts for the global performance considering soaring inflation and heightened uncertainty due to the Ukraine war. In its updated forecasts, the
Capital Intelligence is confident that Hellenic Bank is on the right path to growth and profitability, raising its outlook on the long-term foreign currency rating (LT FCR) to ‘positive’ from ‘stable’. The
Scope Ratings affirmed the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, revising the outlook from stable to positive. According to Scope’s analysis, the decision to revise
The ratings of Cyprus’ two largest banks remain on Positive Outlook despite increased risks to the global economy due to the war in Ukraine, Fitch Ratings says. Fitch expects Hellenic Bank (B/Positive)
In the past two weeks, increased cases among teenagers have kept Cyprus’ COVID-19 count higher, with one-third of infections involving those under 19. Cyprus reported 36,018 in the past two weeks (1-14
