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...
28/05/2020
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...
28/05/2020
Cyprus Minister of Finance Constantinos Petrides warned political parties which continue debating a bill for the provision of state guarantee to businesses hit by the coronavirus outbreak that “the...
12/05/2020
The market needs oxygen, while the least citizens expect from politicians is to reach a consensus in order to support the economy in line with a prudent policy without placing it in further danger,...
11/05/2020
The General Government surplus grew to 0.8% of GDP for the first quarter of 2020, according the preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus...
06/05/2020
The General Government`s deficit increased by € 104.4 million in the fourth quarter of 2019 on an annual basis, the Cyprus Statistical Service announced on Wednesday.On the basis of the preliminary...
30/04/2020
Finance Minister Constantinos Petrides called for unity on the domestic front, for the sake of the economy, noting that the situation is difficult, and resources are not infinite.He was speaking on...
13/04/2020
Minister of Finance Constantinos Petrides welcomed a ruling by the Cyprus Supreme Court which upheld the government’s decision to impose salary and pension cuts in the public sector during the 2013...
10/04/2020
Cyprus Finance Ministry Permanent Secretary called on Ministries to slash public spending this year ahead a pending budget overhaul due to the crisis caused by the coronavirus pandemic and the...
02/04/2020