The financing needs of Cyprus are relatively small in the next three years, according to data released yesterday by the public debt management office of the ministry of finance. The PDMO announced...
The Cypriot economy recorded accelerated growth in the last quarter of 2015, the fourth consecutive quarter of positive performance, based on preliminary estimates of the Statistical Service....
12/02/2016
The success story of Cyprus is a success for Cyprus, the Cypriot government and the Cypriot people, a spokesman of the International Monetary Fund told the press on Thursday. “The success story of...
12/02/2016
The general government's primary balance achieved in 2015 exceeded the targets set in the latest review of the economic adjustment program by €57 mn. The general government's primary balance reached...
05/02/2016
The European commission expects a marked improvement in the government's fiscal and primary balances through 2017 at the back of an improving economic outlook. According to the winter economic...
04/02/2016
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...
26/01/2016
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...
22/01/2016
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...
21/01/2016
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...
12/01/2016
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...
04/01/2016