The projected economic growth rate for 2016 by the economics research center of the university of Cyprus has been substantially positively revised to 2,7% from 1,5% previously expected. According to...
Public debt reached €19,1 bn or 109.6% of GDP in the third quarter of 2015, according to data released today by Eurostat. In the second quarter of 2015 the public debt amounted to €19,2 bn or 110.4...
The reform of the public sector is a national imperative and the government hopes that the parliament will speed up procedures for the enactment and implementation of the six bills that were...
The updated memorandum provides for somewhat more ambitious fiscal targets for the period 2015-2016. The target for the 2015 primary surplus is set to €409 mn or 2,4% of GDP compared to the €334 mn...
The fiscal balance of the general government continued to register a considerable deterioration during the first eleven months of the year. The return of Cyprus to a recovery path is not accompanied...
The Ministry of Finance has auctioned retail bonds worth €47.9 mln, in the framework of its 2016 auction for a first series of six-year bonds for natural persons. According to an announcement by the...
The fiscal balance of the general government registered a considerable deterioration during the first ten months of the year. The return of Cyprus to a recovery path is not accompanied by a...
Finance Minister Haris Georgiades referred to a partial renewal of the composition of cooperatives today, in the wake of reports concerning the dismissal of members of the board of the Central...
The budget deficit is expected to reach 1,3% in 2015 compared to 0,2% the previous year and the 0,9% provided in the memorandum, according to the International Monetary Fund. In the Fiscal Monitor...
The International Monetary Fund’s estimate for the recovery of the Cypriot economy in 2015 remains modest and cautious. In its World Economic Outlook report, the IMF retained its estimate for a 0.5...