https://knews.kathimerini.com.cy/en/business/cyprus-surpasses-pre-pandemic-financial-levels-with-growing-surplus
Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....
https://knews.kathimerini.com.cy/en/news/investors-flock-to-green-bonds-as-a-secure-investment
https://knews.kathimerini.com.cy/en/news/un-chief-sees-no-common-ground-in-divided-cyprus
UN Secretary-General Antonio Guterres' report on the United Nations Peacekeeping Force in Cyprus, released on Wednesday night as an official document of the Security Council, number S/2023/3, records the lack of common ground between the two sides for peace talks leading to a mutually agreeable solution...
https://knews.kathimerini.com.cy/en/news/finance-ministry-cyprus-economy-will-not-enter-a-recession
There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...
https://knews.kathimerini.com.cy/en/business/slower-economic-growth-expected-towards-end-of-year
The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....
https://knews.kathimerini.com.cy/en/news/imf-predicts-a-return-to-fiscal-surpluses-for-cyprus-following-the-pandemic
Cyprus’ public finances will return to surpluses in 2023 which will continue until 2027, the IMF said in its Fiscal Monitor 2022 issued on Wednesday....
https://knews.kathimerini.com.cy/en/news/cyprus-tomorrow-plan-the-legacy-of-the-anastasiades-government
Cyprus President Nicos Anastasiades said he has a “clear conscience” as he delivered on his commitments concerning the creation of a “welfare state with no exclusions,”...
https://knews.kathimerini.com.cy/en/news/us-government-getting-serious-about-ufo-s
The Pentagon will soon open an office focused exclusively on investigating UFO sightings, according to a statement released by the U.S. Department of Defense (DOD) on July 20....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-the-dilemmas-of-war-and-pandemic
Cyprus is a small country with a large export sector of services, which makes it vulnerable to its external environment. An external shock is felt faster and more intensely.
...
https://knews.kathimerini.com.cy/en/news/cyprus-growth-expected-to-‘slow-sharply
Economic growth in Cyprus will slow sharply before recovering, due to the shock associated with the war in Ukraine, the International Monetary Fund has said, adding that the key near-term challenge “is to calibrate a policy response to the economic fallout from the war in Ukraine.”...
https://knews.kathimerini.com.cy/en/business/pandemic-to-‘spell-end-of-tax-privileges-for-billionaires
Thomas Piketty is one of the most famous economists in the world. His weighty tomes on inequality and its dangerous consequences for global capitalism have been widely praised by other stars of the dismal science, like Paul Krugman and Robert Solow. ...
https://knews.kathimerini.com.cy/en/business/parliamentary-committee-report-on-state-budget-2022-sees-significant-uncertainties-due-to-pandemic
A report by the Parliamentary Committee of Financial and Budgetary Affairs on the State Budget for 2022 ahead of the plenary debate and vote this week, stresses the significant uncertainties affecting the projections upon which the budget is based....
https://knews.kathimerini.com.cy/en/news/debt-sustainability-in-all-member-states
ESM Managing Director Klaus Regling strongly believes that public debt is currently sustainable in all Member States of the monetary union.
...
https://knews.kathimerini.com.cy/en/news/cabinet-approves-€250m-supplementary-pandemic-budget
The Cabinet on Wednesday approved a supplementary budget of €250 million to cover needs arising from the handling of the pandemic. ...
https://knews.kathimerini.com.cy/en/news/cyprus-supporter-to-lead-us-foreign-committee
Cypriot President Nicos Anastasiades says he looks forward to working with US Senator Bob Menendez, after the NJ Democrat was named officially chairman of the foreign relations committee in the new Congress...
https://knews.kathimerini.com.cy/en/news/mps-vote-on-budget-hanging-by-a-thread
The House takes another vote on the state budget on Thursday, with representatives expected to pass the bill narrowly following behind-the-scenes consultations since the first time it was rejected in mid-December...
https://knews.kathimerini.com.cy/en/news/cypriot-fm-visits-gulf-before-us-inauguration
Cypriot Foreign Minister Nikos Christodoulides flew to the United Arab Emirates on Monday to hold a private meeting with his counterpart, days after the two countries signed a military cooperation agreement but also days before a changing of the guard in Washington could spell trouble for US arms sales to Gulf states...
https://knews.kathimerini.com.cy/en/news/cyprus-passport-probe-dispute-widens
Cypriot President Nicos Anastasiades and DIKO party leader Nicholas Papadopoulos took their disagreement over probing golden passports to a whole new level this week, while questions remained over the independent committee’s reassurances of transparency in the investigation...
https://knews.kathimerini.com.cy/en/news/dbrs-warns-against-protracted-process-in-approving-bugdet
Global credit rating agency DBRS Morning Star said it is monitoring the situation in Cyprus following the rejection of the 2021 state budget by lawmakers on Thursday, warning that a protracted process to approve the budget could affect economic sentiment and could eventually weigh on economic activity....
https://knews.kathimerini.com.cy/en/news/turkey-s-defence-industry-to-go-it-alone
US Senator Robert Menendez says he is not worried about retaliation from Turkey after Washington imposed sanctions on Ankara, with officials in Turkey warning further development of their domestic defence industry could speed up as a result...
https://knews.kathimerini.com.cy/en/news/state-budget-up-in-the-air-over-golden-passports
Opposition parties are cranking up the pressure on Interior Minister Nikos Nouris, who has been refusing to hand over files in connection with the golden passports scandal, with the Democratic Party making good on its promise not to vote the state budget later this month if there is no transparency...
https://knews.kathimerini.com.cy/en/news/fresh-total-lockdown-out-of-the-question-for-cyprus-govt
Finance minister Constantinos Petrides on Monday strongly refuted the possibility of Cyprus entering a second lockdown, such as the one it was plummeted into in March as a result of the outbreak of coronavirus....
https://knews.kathimerini.com.cy/en/news/cyprus-to-draw-over-€2-7b-from-eu-pandemic-recovery-fund
European Union leaders reached a deal on a massive stimulus plan for their coronavirus-blighted economies at a pre-dawn meeting on Tuesday after a fractious summit that went through the night and into its fifth day....
https://knews.kathimerini.com.cy/en/news/greek-pm-meets-with-five-eu-leaders-over-bloc-s-budget
Greek Prime Minister Kyriakos Mitsotakis held talks in Brussels on Friday with the leaders of Germany Angela Merkel, France Emmanuel Macron, Spain Pedro Sanchez, Italy Giuseppe Conte and Portugal Antonio Costa in a bid to break a deadlock in negotiations for the European Union’s 2021-2027 budget....
https://knews.kathimerini.com.cy/en/business/growth-momentum-moderates-in-cyprus-according-to-european-commission-autumn-economic-forecast
"Growth momentum moderates" in Cyprus, according to the headline assessment of the European Commission`s Autumn Economic Forecast for the country, presented today by Commissioner Moscovici in Brussels....
https://knews.kathimerini.com.cy/en/news/house-passes-state-budget-for-2019
The House of Representatives Plenary on Friday approved by majority voting the 2019 state budget, that provides for a surplus amounting 3% of GDP...
https://knews.kathimerini.com.cy/en/news/budget-2019-goes-to-parliament
https://knews.kathimerini.com.cy/en/news/state-budget-goes-to-cabinet
The President’s Cabinet is taking on the budget during a meeting on Thursday, expected to approve a whole host of new construction projects for the upcoming fiscal year...