Finance Minister Constantinos Petrides travels to Berlin Wednesday for a meeting with his counterpart Christian Lindner. During the meeting tomorrow they will discuss situation in the Eurozone...
The European Commission has issued a recommendation calling on member states to immediately end any existing investor citizenship schemes, and to assess whether they should withdraw citizenships...
29/03/2022
Rating agency DBRS Morning Star left its baseline macroeconomic scenario unchanged for Cyprus but sees risk for deterioration especially for Europe following the Russia’s invasion in Ukraine and the...
28/03/2022
The prospect of further cooperation between Cyprus and Israel on energy, trade, cybersecurity and the financial sector was the focus of a meeting between Cypriot Finance Minister Constantinos...
24/03/2022
Fitch Ratings has affirmed Cyprus's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook.According to a statement, Cyprus's rating is underpinned by governance...
21/03/2022
Rising oil prices and the mounting geopolitical pressures decelerated the Cyprus Composite Leading Economic Index (CCLEI) in February, the University of Cyprus’ Economic Research Centre (ERC) has...
17/03/2022
Harmonised Index of Consumer Prices (HICP) rose by an annual 5.8% in February in Cyprus, recording the highest reading since April 2003, pushed upwards by rising oil prices.According to date released...
16/03/2022
The impact on the Cypriot economy from the EU sanctions against the Russia after its invasion of Ukraine will mainly stem from tourism and energy, George Panteli, the Finance Ministry’s Permanent...
16/03/2022
The Ministry of Finance has revised an initial 2022 inflation estimate of 1.5% to 4% due to the rise in petrol prices in the midst of the crisis in Ukraine.The new projection was announced during a...
16/03/2022
Cyprus may lose 1.5% to 2% of GDP in 2022 if the airspace with Russia remains closed throughout 2022, said DRBS Morningstar, noting that the war in Ukraine will impact negatively growth this year,...
14/03/2022