Economy

    The Cyprus General Government generated a deficit of €73 million or 0.4% for the period of January – April 2020, reflecting the adverse consequences...

    GDP growth rate in Cyprus based on seasonally and working day adjusted data in real terms in the first quarter of this year is...

  Deposits were down while loans were up in April 2020 according to data the Central Bank of Cyprus published on Friday. In particular, according to...

  Central Bank of Cyprus Governor Constantinos Herodotou, has said that he expects the country’s economy to experience a “serious recession” in 2020 due to...

Non-performing loans (NPLs) in the Cypriot banking system declined to €8.97 billion in the end of 2019, with the NPL rate amounting to 27.9%...

The new financial stimulus package to be unveiled on Wednesday in response to the impact of the pandemic on the economy, is in line...

  The coronavirus outbreak is first and foremost a health crisis, presenting an unprecedented external economic shock, Bank of Cyprus’ Chief Executive Officer Panicos Nicolaou...

Suspended credit facilities at the request of borrowers on May 8 amounted to €1.19 billion from €894 million on April 24, according to data...

  The government discussed measures and incentives to reboot the economy with the Economy and Competitiveness Council at the Presidential Palace, as restrictive measures to...

Revenue from tourism dropped by 73.5% in March 2020, according to the results of the Passenger Survey announced by the Statistical Service of Cyprus. As...

The European Commission has concluded that "Cyprus retains the capacity to service its ESM debt, but challenges have increased as a result of Covid-19". It...

FILE PHOTO Cyprus' Statistical Service announced on Monday that it will not be publishing its Passengers Survey for April 2020 due to the flight ban...

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...

The 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...

  Deferred payments for loans suspended as part of a debt moratorium decreed issued by Finance Ministry to mitigate the impact of the Covid-19 impact...

According to the results of the Labour Force Survey (LFS), the labour force in the first quarter of 2020 amounted to 449,861 persons or...

Economies across the EBRD regions may contract on average by 3.5% this year, with a rebound of 4.8% possible in 2021, according to an...

The market needs oxygen, while the least citizens expect from politicians is to reach a consensus in order to support the economy in line...

FILE PHOTO-Limassol port The Statistical Service of Cyprus published on Monday its monthly electronic report “Intra & Extra EU Trade Statistics (Summarised Data)” for February...

The University of Cyprus’ Economics Research Centre has projected that the country’s GDP is set to drop by 6.9% in 2020 under a baseline...

The Parliamentary Committee of Finance convenes Monday via teleconference to discuss a new government package to mitigate the economic impact to the real economy,...