The Cyprus Composite Leading Economic Index (CCLEI) recorded an annual increase of 3.9% in Apri 2021 reaching a level of 101.5, after the annual reductions of 2.5% in March and 8.8% in February (...
President of Cyprus Nicos Anastasiades said that today marks a historic day, as the foundations for the post- COVID era in Cyprus are being laid.The President, who presented on Monday Cyprus’...
17/05/2021
The Finance Ministry in Cyprus is awaiting word from the European Commission if a draft law providing for the Cyprus loan guarantee scheme is in line with the Commission’s policies.The draft law...
17/05/2021
DBRS Ratings GmbH (DBRS Morningstar) has confirmed the Republic of Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low). At the same time, DBRS Morningstar confirmed the...
17/05/2021
The Ministry of Health has issued clarifications as to what is changing from May 17 in the framework of the strategy to gradually restart the economy and social activity.It said that from Monday,...
14/05/2021
Cyprus' National Recovery and Resilience Plan, the blueprint to absorb over €1 billion from the EU’s Recovery and Resilience Facility (RRF) is both auspicious and realistic and will serve as the...
14/05/2021
The Council of Ministers will approve on Friday Cyprus’ National Recovery and Resilience Plan, the blueprint containing projects and reforms with a view to absorb almost €1 billion from the EU’s...
13/05/2021
Economic activity in Cyprus contracted sharply in 2020, due to the COVID-19 crisis, albeit less than the EU average. The tourism sector has been severely affected, while the impact on domestic demand...
12/05/2021
Real GDP growth is forecast at 3.6% in 2021, 3.8% in 2022, 3.2% in 2023 and 2.8% in 2024, according to the baseline scenario projected in the Stability Programme 2021-2024, presented by the Ministry...
10/05/2021
Cyprus’ National Recovery and Resilience Plan, the blueprint aiming to absorb over €1 billion from the EU’s Recovery and Resilience Fund (Next Generation EU), will be submitted to the cabinet next...
06/05/2021