Stefanos Stefanou: Cyprus needs a new economic development model

The General Secretary of the Central Committee of AKEL was speaking at the political party's 3rd Economic Forum

10:41 - 30 October 2024

Keravnos: Targeting joint investments by Cypriot and foreign investors to enrich the economic model

The Finance Minister was addressing the 3rd AKEL Economic Forum entitled 'A Strong Economy for All: Sustainable-Socially Oriented'

10:19 - 30 October 2024

Annual financial net worth in 2023 was -€29,120.7m

Regarding total economy, the total assets of the economy in financial instruments amounted to €869,008.9 million

08:05 - 30 October 2024

Slight decline in budget implementation up until September

The Treasury said that both revenue and expenditure were affected by the timing concerning the absorption of loans

08:01 - 30 October 2024

Total sales of petroleum products down 0.4% y-o-y in September

The total sales of petroleum products in September 2024 compared to August 2024 recorded a rise of 4.4%

15:21 - 29 October 2024

Lectures continue in schools as part of CYSEC's participation in World Investor Week 2024

The Cyprus Securities and Exchange Commission's two Guides were posted by IOSCO on the WIW 2024 website

09:04 - 25 October 2024

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EOA to distribute €170m to municipalities and communities in 2025

All the funds for Local Government Authorities were included in the budget of the Ministry of the Interior

08:58 - 25 October 2024

Eurostat: Risk of poverty greater in EU and Cyprus for those raised in bad financial situation

This trend has been observed across the EU, including Cyprus where the difference in scale is more than double

09:47 - 24 October 2024

Morningstar DBRS: Strong revenue growth drives Cyprus’ improved fiscal outcome

Cyprus’ strong fiscal outcomes were a key-driver for the trend change of Cyprus' long-term credit rating to positive

14:48 - 23 October 2024

President announces projects for Troodos mountainous area worth over €30 million

Among others, Christodoulides announced measures for economic development and the promotion of entrepreneurship

08:01 - 23 October 2024

Fiscal surplus at 2% of GDP and fiscal debt at 73.6% of GDP in 2023

The results have been audited and verified within the Excessive Deficit Procedure framework of the European Commission

07:46 - 23 October 2024

Cyprus reaches agreement in principle for delivery of the FSRU ‘Prometheus’

Papanastasiou said the agreement provides for “a financial arrangement” with some kind of performance bonds being reduced

07:43 - 23 October 2024

IMF upgrades Cyprus’ growth forecast

It has been upgraded to 3.3%, a notable improvement from its earlier projection of 2.7% in April

16:23 - 22 October 2024

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Economy

Stefanos Stefanou: Cyprus needs a new economic development model

Keravnos: Targeting joint investments by Cypriot and foreign investors to enrich the economic model

Annual financial net worth in 2023 was -€29,120.7m

Slight decline in budget implementation up until September

Total sales of petroleum products down 0.4% y-o-y in September

Shipping Deputy Minister in Egypt to strengthen cooperation

Invest Cyprus and CSE sign MoU to attract foreign investments

Cyprus sees record nine-month tourism performance, Deputy Minister says

Finance Minister pledges continuous efforts for the economy after Scope upgrade

A look at how the tourist map has changed in five years as Cyprus anticipates new arrivals record

How ETYFA succeeded releasing ‘Prometheus,’ opening the way for the arrival of natural gas in Cyprus

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