Finance Minister Makis Keravnos has told his EU counterparts that the new economic governance framework should ensure the sustainability of public debt and promote sustainable development across all...
Cyprus will present high and significant primary and fiscal surplus driving its public debt-to-GDP ratio below the 60% limit of the EU’s Maastricht criteria by 2027, the International Monetary Fund...
11/10/2023
The General Government of Cyprus has reported a fiscal surplus of €881.9 million for the year 2023, equivalent to 3.1% of the country's Gross Domestic Product (GDP) for the period from January to...
09/10/2023
Cyprus’ state budget for 2024 and the Medium-Term Fiscal Framework 2024-2026 were submitted on Thursday in the Plenary of the House of Representatives, marking the beginning of the proceedings for...
06/10/2023
Fiscal discipline, macroeconomic stability and continued structured reforms are necessary for the economy, said Deputy Minister to the President, Irene Piki, addressing on Wednesday the first Annual...
05/10/2023
At the end of October, the government is expected to announce measures to alleviate the impact of inflation, while at the beginning of 2024 the government plans to implement the new green tax on...
04/10/2023
The Finance Ministry is considering new measures to support particularly the vulnerable groups of society amid the continuing pressures from high prices and inflation, Makis Keravnos Minister of...
02/10/2023
Cyprus President Nikos Christodoulides expressed his deep satisfaction for the double upgrade of the Cypriot economy and the upgrading of Cyprus' credit rating to investment grade by Moody's, after...
02/10/2023
DBRS Ratings GmbH (DBRS Morningstar) upgraded the long-term ratings of the Republic of Cyprus to BBB (high), from BBB, with a stable outlook, giving a rating one level higher (third level) than the...
02/10/2023
Moody's placed Cypriot economy in the investment grade, upgrading it by two notches, to Baa2, from Ba1, while also revising its outlook from positive to stable.Moody's was the only major credit...
02/10/2023