Cyprus’ Government Spokesperson Kyriacos Koushos said on Wednesday that safeguarding jobs and the sustainability of businesses so that the economy and the country can stand on its own feet once more...
The Council of Ministers will decide on Friday about the action plan concerning the re-operation of the airports in Cyprus as well as for the re-opening of the hotels, Deputy Government Spokesman...
20/05/2020
In April 2020 the euro area annual inflation rate was 0.3%, down from 0.7% in March, according to data released today by Eurostat, the statistical service of the EU. A year earlier, the rate was 1.7...
20/05/2020
The European Commission concludes that "Cyprus’ retains the capacity to service its ESM debt, but challenges have increased as a result of Covid-19" and warns that risks to the fiscal outlook are...
20/05/2020
The Council of Ministers decided on Tuesday to withdraw a draft bill providing state-guaranteed bank loans, that was prepared in line with the framework of the European Commission to support the...
19/05/2020
DBRS Ratings confirmed the Republic of Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low) and changed the trend to Stable from Positive. At the same time, DBRS Morningstar...
18/05/2020
Seasonally adjusted GDP decreased by 3.8% in the euro area, by 3.3% in the EU and by 1,3% in Cyprus during the first quarter of 2020, compared with the previous quarter, according to a flash estimate...
15/05/2020
Economies across the EBRD regions may contract on average by 3.5 per cent this year, with a rebound of 4.8 per cent possible in 2021, according to an EBRD report released today. EBRD is warning that...
13/05/2020
CFOs in Cyprus appear more pessimistic in the second round of the survey conducted by PwC on the effects of COVID-19 on businesses and the wider economy. 52% of participants compared to 62% in the...
12/05/2020
Cyprus Minister of Finance Constantinos Petrides warned political parties which continue debating a bill for the provision of state guarantee to businesses hit by the coronavirus outbreak that “the...
12/05/2020