Minister of Finance Makis Keravnos is in Brussels to take part on Monday in the meetings of the Eurogroup and the EU Finance Ministers Council (ECOFIN).According to a press release by the Ministry of...
An increase to 77% was recorded at the end of November 2023 on the implementation of the state budget in relation to expenditure compared to the corresponding period last year (2022: 73%). According...
12/01/2024
The Industrial Turnover Index for October 2023 displayed robust growth, with an annual change of 9.1%, reaching 195.5 units (base 2015=100), according to the latest data by the Statistical Service of...
08/01/2024
By March 2024, the first six phases of the tax reform project assigned by the Ministry of Finance to the Economics Research Centre of the University of Cyprus (CypERC), will be completed and then the...
08/01/2024
Inflation fell to a four-month low to 1.6% in December 2023, on an annual basis, remaining, as in the previous month (November 2023), within the target set by the European Central Bank for inflation...
05/01/2024
The Council of Ministers approved Thursday the establishment of a public consultation platform, known as e-consultation, Minister of Finance Makis Keravnos said after the Cabinet meeting.Keravnos...
04/01/2024
The Cyprus Investment Funds Association (CIFA) has issued a press release in which it states that it shares an optimistic outlook for 2024, anticipating another favorable year for the Investment...
04/01/2024
The economic sentiment in Cyprus deteriorated in December 2023, as the Economic Sentiment Indicator (ESI-CypERC) decreased by 4.6 points compared with November 2023.According to the Economics...
04/01/2024
London-based Global Capital described Cyprus’ €1-billion inaugural ESG bond (4.125%) issued in April 2023 as the Sovereign-Supranational-Agency (SSA) Environmental/Social/Governance (ESG) Bond of the...
03/01/2024
International rating agencies have announced the dates for Cyprus’ long-term credit rating assessment in 2024 with two agencies, namely Standard and Poor’s and Fitch placing the economy’s rating on...
03/01/2024