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Ioannis Tirkides

Ioannis Tirkides is the President of the Cyprus Economics Society. With a long career in banking, he has held roles in economic analysis, strategic planning, and investment strategy

Articles

The Cypriot defence pivot: a strategic illusion

The June 2026 Status of Forces Agreement (SOFA) between Cyprus and France, and the 2024–2029 US–Cyprus Defence Roadmap, mark a radical departure from Nicosia’s historic military neutrality. While Cyprus hopes ...

Cyprus: navigating the governance paradox

The global governance landscape in 2026 is increasingly defined by a “rule of law recession,” forcing a severe institutional reckoning within the Republic of Cyprus as well. While Cyprus maintains the ...

The Iran war revisited: what if America loses?

The 2026 Iran War marks a turning point in modern geopolitics and shows how the West’s attempts to maintain dominance through military intervention destabilise the region, hastening the rise of ...

Cyprus and the price of recovery

A balance sheet analysis of the Cyprus economic experiment (2013–2026) Looking back from the vantage point of 2026, the official narrative surrounding the Cypriot economy’s post-crisis recovery is broadcast as a ...

Cyprus’ tax reform fails the fairness test

By Ioannis Tirkides The Cypriot tax system, which was designed almost a quarter of a century ago, in 2002, is facing problems of ageing. Although it was originally designed to be ...

Resuming Crans-Montana: A Strategic Impasse

By Ioannis Tirkides It is widely acknowledged by diplomatic observers and historians alike that the Conference on Cyprus held in Crans-Montana in July 2017 represented the high-water mark, the closest the ...

CoLA, inequality, and the Cyprus ‘farce’

An automatic cost-of-living adjustment, or CoLA, is effectively a system of wage indexation designed to address inflation, yet there is no universal application nor a unified model for its implementation. ...

The militarisation of the Cyprus problem

In a move that echoes one of the most perilous moments in its recent history, the Republic of Cyprus is acquiring the Barak MX, a sophisticated integrated air defense system ...

The Ukraine war recast, known unknowns

Despite the early optimism they generated, the meetings in Alaska and Washington in mid-August, achieved nothing of substance, except that in their aftermath we may be nearer to an escalation ...

The capitulation of the European Union

The trade agreement between the EU and the United States was greeted as a humiliating event in European media. European Commission President Ursula von der Leyen met President Trump at ...
Finance

Cyprus is a high-taxing country

Taxation is perhaps the ultimate political act in a democratic society. It’s not just about raising revenue and spending it; it’s also about the kind of society we ...

Left behind and the future of capitalism

This year’s annual lecture in economics from the Cyprus Economic Society, featured Sir Paul Collier, a pre-eminent global development economist and professor of Economics and Public Policy at the ...

Trump’s tariffs and the dollar conundrum

Trade is structural and its implications for policy and markets alike are pervasive, especially when deficits have been persistent and accumulating for a long time. Currencies and trade imbalances are ...

Ukraine, Trump and multipolarity

‘There are decades where nothing happens; and there are weeks where decades happen.’ This quote often attributed to Lenin, may capture the moment. It is now a little more than ...

Trump’s win and his place in history

By Ioannis Tirkides History is not just the outcome of personalities, competing platforms, or a matter of chance. It can be all of that at times. But history is cumulative ...

Rethinking Cyprus’ economic performance metrics

By Ioannis Tirkides We use summary indicators to conveniently measure the performance and health of the economy. But while these can be useful in some respects, they have their drawbacks ...