Economy

The dollar was crawling toward its worst month since January 2018 on Monday as intermittent waves of Brexit optimism pushed the pound to a...

Labour disputes are on the rise in Cyprus and so is strike action, according to data from the Ministry of Labour which acts as...

The burden for both employers and employees in Cyprus is getting bigger and bigger these days with higher contributions to the Social Security Fund...

Interior Minister Constantinos Petrides has dismissed criticism by opposition parties that relatives and allies of Cambodia’s leader acquired Cypriot passports under a secretive investment...

Cyprus financing needs for 2020 to be covered by bond issues in the international capital markets amount to €1.25 billion, the Finance Ministry’s Public...

The Auditor General’s Office is up in arms over the rising number of employees who joined the island’s public service under a lease of...

Cyprus is the 44th most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report...

Non-performing loans (NPLs) rose for a second consecutive month in May amounting to €8.05 billion with non-performing exposures (NPEs) calculated according to EBA rules...

One in three euros of state expenditure goes to pay the public servants' wage bill which is estimated to rise by 4.1% in 2020...

The International Monetary Fund downgraded its projections for the Cypriot economy as part of the slowdown of the global economy, due to subdued trade...

Leaving the European Union without a deal at the end of this month will force businesses to navigate an unprecedented set of challenges from...

The deadline for the government to send to parliament regulations defining the new criteria behind the island’s popular investment for citizenship plan expires in...

Cyprus and Greece will set up a mechanism of cooperation and coordination on matters concerning their economies and EU agenda, the island’s Finance Minister...

A total of 50 development projects all around Cyprus are included in the 2020 budget. These concern construction of roads in different districts, schools,...

If public servants in Cyprus win their case against the government over the implementation of legislation providing salary cuts following the financial crisis, the...

Cyprus’ financial needs over the next three years are estimated at €3.1 billion signalling a new exodus into the markets. The biggest need, €1.6 billion...

Negotiations in Brussels between the Deputy Ministry of Shipping and the European Commission over the renewal of the Mediterranean island’s tonnage tax system are...

Consumption of meat in Cyprus is on the rise year after year, according to latest state statistics which also show that pork is their...

Cyprus ranked 44th in the World Economic Forum’s Global Competitiveness Report for 2019, marking a marginal increase in its total score. Singapore ranked 1st out of...

Proposed public service reforms in Cyprus provide that those evaluated poorly for three years in a row won’t be eligible for promotion. Evaluation will...

Deputy Minister of Tourism Savvas Perdios and representatives of accommodation-sharing sites such as Ainbnb seem to have reached an optimum tax deal, according to...