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...
Cyprus retains its capacity to service its debts and its fiscal position remains strong, although challenges remain regarding the management of non-performing loans (NPLs) and the implementation of a...
Cyprus’ financing needs for 2024 amount to €1.3 billion, largely to be covered by the issuance of a €1 billion EMNT bond, the Finance Ministry’s Public Debt Management Office (PDMO) has said.PDMO has...
The government will continue supporting the Cypriot economy and society, while maintaining fiscal viability and fiscal discipline, Finance Minister Makis Keravnos said on Saturday.His comments came...
Cyprus central government debt, which is equivalent with 99% of the Republic’s total debt, declined to €22.5 million in the third quarter of 2023, marking a reduction of €1.33 billion, or 5.6%...
The general government recorded a surplus of €918.9 mn or 3.1% of GDP for the period of January-October 2023, according to preliminary fiscal results released on Thursday by the Cyprus Statistical...
The Fiscal Council of Cyprus has called upon the government to strictly maintain the course of debt and deficit included in the 2024 budget, during the next budgets beginning of 2025.The Council...
The Cabinet took on Wednesday a number of decisions, concerning - among other things - the creation of the National Cancer Institute, according to a written statement by Government Spokesperson,...
Minister of Finance Makis Keravnos said on Thursday that any decisions on issues related to the Cost of Living Allowance (CoLA) and the revision of the national minimum salary should be taken within...
Cyprus’ debt-to -GDP ratio is estimated to register a reduction of almost 30% by the end of 2024 compared with the end-2021, the European Commission has said.In the context of the European Semester...