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19th March 2024
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Depressing outlook for Cyprus’ economy

The European Commission's interim report on the Cyprus economy paints a gloomy picture for the future resulting from a number of factors including a worsening of the external environment.

Cyprus economy has yet to hit bottom say economists

A panel of economists from the University of Cyprus' Economic Research Unit believe that the present state of the global economy and the uncertain future of the Euro area have dramatically increased the risks for the Cyprus economy.

Cypriot economy faces substantial risks

The International Monetary Fund has warned Cyprus that it must take swift action to shore up its economy, saying it faces strong head winds and substantial downside risks that are likely to persist.

Cyprus economy downgraded again

Standard and Poor's has downgraded Cyprus' sovereign credit rating by one notch and set the outlook as ‘negative’ as a result of the Island’s significant exposure to Greece.

Concrete workers set to strike on Monday

An indefinite strike by the Cyprus Ready Mixed Concrete Association is planned to start tomorrow following a decision taken at an extraordinary general meeting last Thursday.

Massive implications for property sector & economy

Yesterday’s revelation about the illegal activities could have massive implications for Cyprus’ property sector and the Island’s economy. The Cyprus government may have no option other than to take effective action immediately.

Kuwait and China show interest in Cyprus

Kuwait and China have shown interest in investing in Cyprus tourism, real estate, container management and energy sectors according to the Minister of Commerce, Industry and Tourism Antonis Paschalides.

Cyprus joins EU excessive deficit watchlist

The EU is proposing that the public finances of Cyprus, along with those of Denmark and Finland, requires further scrutiny as it poses a threat to the wider European economy.

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