Due to a significant increase of 16% in revenue the General Government's deficit shrank to €409.1 mn or 1.8% of GDP in 2021 compared to €1,212.8 mn (5.6% of GDP), preliminary fiscal results published...
The continued high growth rate in the fourth quarter of 2021 confirms the resilience and dynamism showed by the Cypriot economy and the soundness of our policies, boosting expectations for further...
15/02/2022
Cyprus remained the country with the highest stock of non-performing loans (assets) of general government in 2020, according to data released by Eurostat, the statistical office of the European...
01/02/2022
The financial support given to companies affected by the ongoing pandemic announced by the Ministry of Finance this week seems to be financially bearable without serious consequences on public...
28/01/2022
Cyprus income tax revenue for tax year 2020 increased by €25,6 million euros, compared to 2019, with the total amount exceeding €642 million.Data obtained by the Cyprus News Agency show that the tax...
24/01/2022
General Government deficit decreased by €458.4 million in the first ten months of 2021, reaching €261.9 million compared to a deficit of €720.3 million in the same period of 2020. The reduction is...
30/11/2021
Economic activity started recovering from the sharp recession as of the first half of 2021, driven mainly by domestic demand, although tourism activity still remains well below the pre-pandemic level...
25/11/2021
Commission executive vice president Valdis Dombrovskis, Economy Commissioner Paolo Gentiloni and Commissioner for Jobs and Social Rights Nicolas Schmit presented the European Semester Autumn Package...
25/11/2021
The Cypriot economy has so far proven to be more resilient to the coronavirus crisis than initially expected, DBRS Morningstar says in a commentary on Thursday. It also notes that compared with other...
18/11/2021
Cyprus Minister of Finance Constantinos Petrides and the European Stability Mechanism (ESM) Chief Klaus Regling pointed out the need to maintain fiscal space which would enable states to tackle a...
16/11/2021