International Rating Agency, Fitch, revised the rating of Cyprus long-term rating to positive from stable, citing economic resilience, fiscal surpluses…
Finance Minister warns of risks ahead as Cyprus aims for green transition
Finance Minister Makis Keravnos outlined the government’s commitment to “steady and sustainable development” during the presentation of the inaugural budget…
Cyprus sees growth next year despite headwinds-minister
Cyprus’s economy is expected to expand by around 2.9% in 2024 from a forecast 2.4% this year, its finance minister…
Cyprus failed to report on FDI between 2020 and 2022
A recent report from the European Court of Auditors has rebuked twelve EU member states for their failure to report…
Parliament approves legislation to safeguard borrowers, enhancing foreclosure framework
The Parliament on Friday cast a protective net for borrowers by approving a package of legislation aimed at strengthening the…
Green groups at COP28 demand U.S. halt support for LNG
More than 250 environmental and community groups on Thursday called on the administration of U.S. President Joe Biden to halt…
Timeline: Biggest oil and gas sector deals since start of the century
Australia’s Woodside Energy WDS.AX and Santos STO.AX said on Thursday they were in preliminary talks to create an A$80 billion…
Positive study results pave way for decision on Great Sea Interconnector
The outcomes of the study on the EuroAsia Interconnector electricity interconnection project involving Israel, Cyprus, and Crete, now renamed the…
President expresses concern over amendments to foreclosures legislation
President Nikos Christodoulides has voiced concerns over proposed amendments to legislation regarding foreclosures, without ruling out the possibility of referring…
Government debt sees decrease in 2023
In September 2023, the debt of the central government decreased to €22.5 billion, showing a reduction of €1.33 billion or…