Economy

The government has called for the fast-track processing of citizenship by investment applications so as to give the Cyprus economy a boost, Phileleftheros reports. Despite...

Moscow is determined to repatriate Russian capital and increase tax revenue and a shocking measure announced by the country’s leader last week is aimed...

By Andrea Enria, Chair of the Supervisory Board of the ECB These are dramatic days for Europe and its citizens. The coronavirus outbreak has severely...

Economic sentiment in Cyprus deteriorated markedly in March 2020, as the Economic Sentiment Indicator (ESI-CypERC) decreased by 12.1 points compared with February 2020, reflecting...

A national fiscal package of measures to counter the economic consequences of the coronavirus epidemic in Cyprus goes before the House plenum for approval...

Russian President Vladimir Putin has shocked the business world when he announced that all interest and dividend payments leaving Russia will incur a 15%...

The Finance Ministry plans to provide the domestic market with loans up to €2 billion to maintain a security cushion. And despite the economic difficulties,...

The government favours suspension by law of instalments payment - capital and interest –  till the year’s end but this is subject to an...

New measures being drafted by the government aim to protect employees, self-employed, small and medium-sized enterprises and those whose income is affected due to...

Banks are under political and supervisory pressure to adopt the four measures taken by the Central Bank of Cyprus aiming to mitigate the coronavirus-sparked...

The Cyprus government is considering a plan to provide state guarantees to banks amounting to €2 billion, in a bid to unlock credit to...

The government is close to finalising a rescue package for the economy to tackle the shockwaves brought about by Covid-19 measures, which according to...

March is a very difficult month for the real estate market in Cyprus even though it is still not easy to ascertain the consequences...

The impact of the global coronavirus pandemic will be "quite severe," but a long expansionary period and high employment rates mean the global economy...

The government is putting together additional effective support measures so as to boost the liquidity of business in Cyprus, Phileleftheros reports. The additional measure will...

The government submitted to parliament today a complementary budget amounting to €302 million with a fiscal impact of 1.3% on GDP, as part of...

The island’s fledgling Deputy Ministry for Research, Innovation & Digital Policy is on high alert trying to meet urgent software needs sparked from the...

Just when the government is ready with the handful of bills outlining support measures to companies and employees to address the fallout from the...

Public servants and wider public sector employees could be asked to contribute to other services which are being over stretched   because of emergencies created...

The European Investment Bank (EIB) announced it will rapidly mobilise a funding facility that may reach up to €40 billion for Cypriot and European...

Granting of “Special Leave” to parents working in the private sector for the care of children due to suspension of attendance at public and...