fiscal discipline Archives - New Cyprus Magazine

Addressing Economic Challenges Beyond the Surface

President Nikos Christodoulides advocates for a holistic and fiscally disciplined approach to economic challenges in Cyprus, emphasizing the need for comprehensive income policy, wage increases, and understanding energy issues to ensure sustainable growth and stability. He critiques simplistic solutions, highlighting the importance of fiscal discipline, inclusive dialogue, and avoiding quick fixes to address the complex economic problems faced by the nation.

Strengthening the Eurozone: Cyprus’ Role in the Capital Markets Union

By Demis Papadopoulos

Cyprus is actively supporting the Capital Markets Union, aiming to create a seamless panEuropean capital market for businesses and international investments. The country also maintains a commitment to fiscal discipline and structural reforms, advocating for coordination among Eurozone member states for economic stability and prosperity.

significant tags: state payroll fiscal discipline

Streamlining State Payroll: A Step Towards Fiscal Discipline

By Demis Papadopoulos

The Republic of Cyprus is streamlining its state payroll by introducing a cabinet review process for new public sector job openings and aligning with international benchmarks. The government is also investing in the green economy and digital transformation to ensure sustainable growth and adapt to future challenges in the global economic landscape.

Navigating Fiscal Challenges: Cyprus in Focus

By Demis Papadopoulos

President Nikos Christodoulides emphasizes the importance of fiscal discipline in Cyprus, recognizing that it is crucial for financial stability and longterm prosperity. Recent protests by civil servants and budget amendments have brought the issue of financial discipline to the forefront, highlighting the need for a disciplined approach to managing state finances and supporting social policies without compromising the state’s economic health.