Budget surplus of the general government in the first five months of 2016 on a cash basis, decreased to € 23,1 million from € 94,8 million in the corresponding period of 2015, according to data...
Cyprus' Minister of Finance Harris Georgiades has stressed the importance of quick policy action response in addressing fiscal challenges. In statements to the press, the Minister explained the...
10/06/2016
President of the Republic of Cyprus Nicos Anastasiades has said that through reforms, incentives and a responsible policy, the restart and recovery of the Cypriot economy will continue with even...
26/05/2016
Cyprus` Fiscal Council has warned that the Cypriot economy is suffering from `significant reform fatigue` with its Chairman Demetris Georgiades noting that given the results so far, instead of the `...
19/05/2016
Cypriot Finance Minister Harris Georgiades pledged on Monday that the government will pass on to taxpayers any benefits deriving from the recovery of the economy, while maintaining at the same time a...
16/05/2016
The preliminary data on the general government accounts for the period January-March 2016, show a surplus of €147,2 mn compared to a deficit of €19,0 mn in the corresponding period of the previous...
16/05/2016
Cyprus' economy is expected to grow by 2.2% in 2016 and record a stable GDP growth of 2.5% until 2019, the 2017-2019 Fiscal Policy Framework projects. The FPF was approved on Friday by the Cabinet,...
16/05/2016
Cyprus had a deficit of -1% in 2015, amounting to -180 million euro, according to Eurostat. The country`s GDP reached 17421 billion euro, government expenditure 40.1 million, revenues at 39 million,...
21/04/2016
Cyprus recorded a budget deficit of 1% of GDP in 2015, due to the second bail-out of the Central Cooperative Bank, without which it would have achieved a balanced budget. The public sector...
20/04/2016
International Monetary Fund (IMF) Managing Director Christine Lagarde congratulated the Cypriot authorities on the favourable economic results achieved under the Cypriot economic adjustment...
18/04/2016