This Country Focus assesses the extent to which the recent tax-revenue increases in Cyprus is of a permanent nature or whether is of temporary nature, linked to short lived asset boom. Between 2002 and 2008 the Cypriot economy grew at an annual average rate of about 3½% in real terms,...

This study reviews the labour market in Cyprus, with the focus on immigration and wage indexation, in the context of euro area participation and the need to safeguard competitiveness. Assessed vis-à-vis the usual macroeconomic and Lisbon benchmarks the Cypriot labour market performs better than...