The joint statement on the orientation of the eurozone’s fiscal policy for 2025 satisfies Cyprus as it validates the cautious and conservative fiscal policy that Cyprus has followed so far, Minister...
Cyprus recorded a surplus of €455.9 million, equivalent to 1.4% of its Gross Domestic Product (GDP), according the preliminary fiscal results released Friday by the Statistical Service of Cyprus....
The fiscal accounts of the General Government recorded a surplus of €876.3 mn in the period between January - December 2023.According to the Statistical Service of Cyprus, the preliminary General...
The debt of the Central Government of Cyprus amounted to €22.4 billion at the end of 2023, representing approximately 99% of the total debt of the Republic of Cyprus. This figure reflects a decrease...
The common position that the new EU fiscal rules are in the right direction and allow “national ownership” of the fiscal trajectory of each member state, was expressed in an event organised on...
The European Commission’s Winter Interim Forecast has predicted GDP growth in Cyprus to increase by 2.8% in 2024 and by 3% in 2025, as well as a slowdown for inflation to 3.9% in 2023 (from 8.1% in...
The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....
Any decision concerning the country's economy will be taken on three-pillar basis, fiscal stability and responsibility, a stable and healthy financial sector and continuous and bold reforms,...
EU Finance Ministers, including Cypriot Minister Makis Keravnos, have said that gradual recovery is expected in 2024, but have warned that this will be in an environment of heightened uncertainty and...
A surplus of €1,000.7 mn, equal to 3.4% of the GDP for the period of January-November 2023 is indicated by the preliminary General Government fiscal results, which are prepared by the Statistical...