Cyprus Economic Society

To inform public debate and to facilitate discussion of public policy issues and EU affairs

Next Forthcoming Event

Discussion Forum – A Physical Event
Friday 21 March 2025
18:00-19:30
Venue: Stelios Philanthropic Foundation Head Quarters, 5 Markou Drakou Street, Nicosia
Developments and risks in crypto-asset markets
Speaker: Constantinos Stephanou – Head of Financial Stability Analysis, Financial Stability Board
Moderator: Sofronis Clerides – Professor of Economics, Dean of the Faculty of Economics and Management University of Cyprus
Abstract: Crypto-asset market prices reached a historic peak in early 2025, though they have dropped since then and continue to be very volatile. New use cases are emerging, especially for stablecoins, and there is greater interest in this market among investors, leading to growing linkages with the economy and financial system. Drawing on the work carried out at the Financial Stability Board (FSB) and reported to the G20, the lecture will focus on recent crypto-asset market developments and their implications, the main financial stability concerns at the present juncture, and efforts to regulate crypto-assets at the global level.

Most Recent Past Event

Panel Discussion – A Physical Event
Thursday 13 February 2025
18:00-19:30
Venue: University of Cyprus, New Campus, University House Anastasios G. Leventis, Amphitheatre B108
The Cyprus economy is once again outperforming – is this sustainable?
Speakers:
George Syrichas – Advisor Economic Research Centre the University of Cyprus and Vice-Chairman of the Cyprus Economy and Competitiveness Council, former Executive Board Member the Cyprus Central Bank
Economic outlook and prospects
Maria Kouroupi – Director of Aviation Development, Marketing & Communication at Hermes Airports
Recent trends and prospects in tourism
Tasos Yiasemides – KPMG Board Member
Drivers of the recent surge in the international sector
Constantinos Savvides – Director at PWC
Can construction sustain its growth performance
Moderator
Andreas Charalambous – Economist, former Director at the Ministry of Finance, Cyprus
Abstract: The discussion will delve on the economic outlook and prospects of the Cyprus economy, providing insights into the future trajectory, with specific analysis on key sectors. Recent trends and prospects in tourism will be discussed, highlighting the sector’s current state and future potential. The drivers behind the recent surge in the international sector will be explored, shedding light on the factors contributing to this growth. The sustainability of growth in the construction sector will be addressed, considering whether this sector can maintain its performance. This event promises a comprehensive analysis of Cyprus’s economic achievements and future potential.

Event Material
Presentation: Maria Kouroupi
Presentation: Tasos Yiasemides
Presentation: Constantinos Savvides

Most Recent Publications

Blog

Solar Energy in Cyprus: Challenges, Curtailments, and Solutions for a More Flexible Grid

Nestor Fylaktos*   Recently the Cypriot electricity system has made it a habit to curtail a significant portion of solar Photovoltaic (PV) generation during daylight hours, to the irritation of PV system owners and the society at large. This is happening due to what we call ‘overgeneration’. While the sun...

Ηλιακή Ενέργεια στην Κύπρο: Προκλήσεις, Περικοπές και Λύσεις για ένα Πιο Ευέλικτο Δίκτυο

Νέστωρας Φυλακτός*   Tο δίκτυο ηλεκτρικής ενέργειας της Κύπρου τελευταία περιορίζει σημαντικό μέρος της παραγωγής ηλιακής ενέργειας από φωτοβολταϊκά (PV) κατά τη διάρκεια της ημέρας, προς ενόχληση των ιδιοκτητών φωτοβολταϊκών συστημάτων και της κοινωνίας γενικότερα. Αυτό συμβαίνει λόγω του φαινομένου της «υπερπαραγωγής». Όταν ο ήλιος λάμπει, μεγάλο μέρος της διαθέσιμης...

Poor maths skills pose risk to economy

Charles Ellinas*   That was the headline following the publication in December of a ‘Joint Employment Report (JER)’ by the European Commission (EC) that provides an annual overview of key employment and social developments in the EU. Attention to these problems was drawn in the Draghi Report on ‘the future...