The Council of Ministers approved on Wednesday the 2024 state budget estimated to record a fiscal surplus of €659 million or 2.2% of GDP, with the Minister of Finance Makis Keravnos stressing that...
The 2024 state budget to be tabled to the Council of Ministers for approval next week will have three key characteristics, Minister of Finance Makis Keravnos told CNA.Amid the global economic...
President of the Republic, Nikos Christodoulides, expressed on Saturday his satisfaction over S&P's outlook review of Cyprus economy, which confirms the creditworthiness of the Republic of Cyprus...
Standard and Poor's Global Ratings has upgraded the outlook of the Cypriot economy to positive from stable, due to the continuation of the macroeconomic normalization, while at the same time...
The Cyprus Fiscal Council recommends the immediate initiation of planning to gradually tackle Government debt to the Social Insurance Fund. In a statement, it notes that the longstanding financing of...
The preliminary General Government fiscal results indicate a surplus of €425.7 mn, equal to 1.5% of GDP for the period of January-July 2023, as compared to a surplus of €109.5 mn or 0.4% of GDP that...
GDP growth rate in real terms during the second quarter of 2023 is positive and it is estimated at 2.1% over the corresponding quarter of 2022, according to a flash estimate by the Cyprus Statistical...
The state budget for 2024, the first under the government of Nikos Christodoulides, will be submitted to the Council of Ministers for approval by mid-September, a Finance Ministry senior official...
Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June...
Cyprus central government debt amounted to €23.829 bln on June 30 2023, according to data published at the website of the Public Debt Management Office on Friday. The amount increased by €700 mln in...