The preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CYSTAT) indicate a deficit of €581,1 mn (2,8% of GDP) for the period of January-August 2020...
The preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CYSTAT) indicate a deficit of €930.9 million (4.6% of GDP) for the period of January-July...
Cyprus Finance Minister Constantinos Petrides told CNA on Monday that the government maintains its projection that the economy would shrink by 11 percentage points year on year due to the shock...
Cyprus posted a General Government deficit of €804.6 million, or 4.0% of GDP for the period of January – June 2020 with compared with a surplus of €240.5 million (1.1% of GDP), as public finances are...
Government debt to GDP ratio in the euro area stood at 86.3% at the end of the first quarter of 2020, compared with 84.1% at the end of the fourth quarter of 2019, according to data released today by...
Minister of Finance Constantinos Petrides announced the launch of the implementation of three measures, under the Government Support Program, to address the consequences of COVID-19 pandemic.The...
Cyprus Government announced Wednesday a new € 150 million package of measures to support the economy to deal with the effects of the COVID-19 pandemic, in a joint press conference of Finance Minister...
The government should be cautious in channeling public funds until there is clarity concerning the development of crisis caused by the coronavirus outbreak, Fiscal Council said in its spring report,...
Cyprus Minister of Finance Constantinos Petrides presented on Thursday the second government package aiming to boost confidence and economic activity as Cyprus emerges from a two month lockdown to...
Welfare state spending in Cyprus spiked to €513 million in the first four months of 2019 as the state launched support programmes to safeguard employment amid the coronavirus outbreak.According to...