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Fiona Mullen, Cyprus Day After, PRIO
Latest analysis from Sapienta's Director, Fiona Mullen
Fiona Mullen analyses the Cyprus economy for several private clients. Here are links to articles that are publicly available.
07 March 2012 Does wage indexation push up Cypriot unemployment?
The Cyprus construction sector was worth EUR 3.1 bln in 2010 measured in gross output current market prices according to the annual Construction and Housing Statistics report from the Statistical Service, but this was 9.7% lower than the EUR 3.4 bln recorded in 2009. Read on
08 Feb 2012: Is Cyprus unemployment really 9.3%?
Eurostat announced last week that the unemployment rate in Cyprus had reached a record 9.3% in December, up from 6.5% in January. But this is just one of three competing figures produced for unemployment in Cyprus, which makes working out the real unemployment rate a little bit tricky. Read on
08 Feb 2012: Economy needs new direction--experts
The Cyprus economy needs a new strategic direction if it is to tackle the big challenges facing it in the coming years and the current crisis should be treated as an opportunity to do this.
These were the conclusions of an expert panel of economists hosted by the Financial Mirror who attended their first private discussion last Wednesday. Read on
16 Jan 2012: Is the Cyprus tax-payer being ripped off in government projects?
Construction output in Cyprus posted its 12th quarter of decline in the third quarter, with production dropping by 16.8% compared with the same period of the previous year, after a decline of 3.1% in the second. Read on
30 Nov 2011: Cyprus natural gas: what are the options and what are the obstacles?
It is perhaps a sign of the times that the announcement to an analyst conference by Noble Energy on November 15 that Cyprus’ Block 12 “has an estimated gross mean resource range of 3 to 9 Tcf and a 60% probability of geologic success” was greeted with disappointment, even though 3 trln cubic feet is enough gas to supply Cyprus for over 100 years. And if we end up with 9 Tcf, or if we hook up with the giant Israeli 16 Tcf Leviathan gas field that is 50 km from Block 12, then we shall have more than enough gas to export. To export gas, we have several options, all of which have their own challenges. Read on