Cyprus income tax revenue for tax year 2020 increased by €25,6 million euros, compared to 2019, with the total amount exceeding €642 million.Data obtained by the Cyprus News Agency show that the tax...
General Government deficit decreased by €458.4 million in the first ten months of 2021, reaching €261.9 million compared to a deficit of €720.3 million in the same period of 2020. The reduction is...
30/11/2021
Economic activity started recovering from the sharp recession as of the first half of 2021, driven mainly by domestic demand, although tourism activity still remains well below the pre-pandemic level...
25/11/2021
Commission executive vice president Valdis Dombrovskis, Economy Commissioner Paolo Gentiloni and Commissioner for Jobs and Social Rights Nicolas Schmit presented the European Semester Autumn Package...
25/11/2021
The Cypriot economy has so far proven to be more resilient to the coronavirus crisis than initially expected, DBRS Morningstar says in a commentary on Thursday. It also notes that compared with other...
18/11/2021
Cyprus Minister of Finance Constantinos Petrides and the European Stability Mechanism (ESM) Chief Klaus Regling pointed out the need to maintain fiscal space which would enable states to tackle a...
16/11/2021
The European Commission’s Autumn 2021 Economic Forecast which was presented on Thursday shows positive prospects for Cyprus, including an increase in GDP by 5.4% for 2021 as a whole, while real GDP...
12/11/2021
Preliminary general government fiscal results indicate a deficit of €483.4 mln (2.1% of GDP) for the period of January-September 2021, as compared to a deficit of €599.8 mln (2.8% of GDP) recorded...
08/11/2021
Cyprus’ fiscal deficit amounted to 5.7% of GDP while the island’s public debt rose to 115.3% of GDP in 2020, a year marked by the downturn caused by the Covid pandemic.The Statistical Service of...
25/10/2021
Cyprus` Ministry of Finance submitted to the Eurogroup and the European Commission the Draft Budgetary Plan (DBP) 2022 of the Republic of Cyprus as approved by the Cabinet.According to an...
18/10/2021