Economy

The recent issue of bonds by the Republic was solely intended to offset the reversal of the fiscal balance and to decisively strengthen the...

The government announced the extension of measures to companies and self-employed persons hit by the coronavirus outbreak until June 12, increasing direct support to...

Economic indicators show that the coronavirus epidemic has already dealt a heavy blow to Cyprus’ real estate market with sales documents in March recording...

Minister of Finance Constantinos Petrides called on parliamentary parties to approve a bill on government guarantees for loans to corporations and small businesses hit...

The Labour Ministry will extend support measures to help employees, companies and the self-employed weather the crisis unleashed by the coronavirus epidemic till June...

The Republic of Cyprus has priced on Tuesday two new benchmark-sized Euro Medium Term Notes for a total amount of €1.75 bn with Finance...

The Central Bank of Cyprus called on Credit Acquiring Companies (CACs) to promote moratorium on loan repayments, as part of the measures to alleviate...

Cyprus expects to lose significant wealth in 2020 since it is moving fast away from initial goals to raise GDP to €22.39 billion. And...

Cyprus' tourism is highly dependent on a handful of giant tour operators who will determine the post-coronavirus fate of the sector, Phileleftheros reports. The Mediterranean island’s key operators number two...

Cyprus Finance Ministry Public Debt Management Office has said that  the budget balance of the Government is projected to reach a deficit of about...

Cyprus announced its intention to proceed with the issuance of 7-year and a 30-year euro-denominated bonds in a bid to strengthen its cash reserves...

Registered unemployed in Cyprus recorded an annual drop of 0.6% this March but a monthly increase of 3.2%, data released by Cyprus Statistical Service,...

Fear and restrictive measures due to the coronavirus pandemic reduced Cyprus’ tax revenue in March by €80 million. In March 2019, €324.3 million ended up...

Financial professionals in Cyprus are focusing on the next steps to be taken the day after the coronavirus pandemic is over, Phileleftheros reports. And they...

A general implementation on loan repayments will not be considered as restructuring and the banks are not to assess a possible loss in the...

The state needs to preserve its fiscal buffers and must not spend all of its reserves early as no one can predict the extend...

The announcement of Fitch rating agency on Cyprus long term rating highlights the government’s responsible management both of the economy and the public finances...

Fitch has revised Cyprus' outlook to stable from positive to reflects the significant impact of the global COVID-19 pandemic on Cyprus's economy and on...

The Russian Federation’s proposal to increase the withholding of tax for dividends and interest income was submitted to all EU member-states with which Russia...

There are no political considerations in Russia's request to amend the double taxation avoidance agreement between the Russian Federation and the Republic of Cyprus,...

Discussion before Friday’s House plenum on a government scheme to guarantee loans worth €2bn has been postponed since political parties are set to submit...