Minister of Finance, Makis Keravnos expressed the government position in favor of continuing with the provision of the cost of living allowance (COLA), and noted its commitment to the implementation...
Cyprus’ lenders, the European Commission, the ECB and the International Monetary Fund begin on Monday the 14th post-programme surveillance of the Cypriot economy, the Ministry of Finance said in a...
20/03/2023
The Cyprus Fiscal Council and the Cyprus Fiduciary Association (CYFA) signed on Friday a Memorandum of Cooperation (MoC) with the aim of exchanging views and jointly promoting the study and analysis...
03/03/2023
Makis Keravnos, Cyprus’ new Minister of Finance assume duties on Thursday, vowing to maintain the course of financial stability and fiscal discipline.Keravnos assumed the helm of the Ministry from...
01/03/2023
In 2021, general government total expenditure in the EU amounted to 51.5% of gross domestic product (GDP) and was still influenced by the COVID-19 pandemic and government measures to mitigate its...
01/03/2023
General Government preliminary fiscal results published by the Statistical Service of Cyprus on Tuesday, indicate a surplus of €609.5 mn, equal to 2.3% of GDP, for the period of January-December 2022...
28/02/2023
A fiscal surplus of €448.4 mn was recorded for the period January - November 2022, which corresponds to 1.7% of GDP, as compared to a deficit of €302.3 mn (1.3% of GDP) that was recorded during the...
30/12/2022
Cyprus general government surplus rose to 651.4 million for the period of July-September 2022 compared with a surplus of €319.5 mn recorded in the respective period of last year, according to...
20/12/2022
The government submits a balanced budget, adapted to an era of geopolitical instability, said the Minister of Finance, Constantinos Petrides, presenting in the Parliament, the main pillars of...
02/12/2022
The Cyprus Fiscal Council (CFC) expects increased pressures on the macro economy for 2023, with forecasts slightly more unfavorable than those of the Ministry of Finance, in its Report for 2022,...
28/11/2022