Tourist arrivals reached 159,605 in November, up 6.5% from the same month last year, helping to boost total arrivals for the year to 3,722,022, a whopping 20.4% increase from the 3,091,039 in
By Craig Erlam Not the most thrilling start to the week, but that’s to be expected given the number of major events over the last few sessions and the absence of anything
The parliament of Cyprus initiated a three-day deliberation on Monday to approve the 2024 state budget, the first under the administration of President Nikos Christodoulides, who took office in February this year.
Cyprus’ GDP growth rate for 2023 will be 2.4% and annual inflation is anticipated to reach 3.9%, with the island’s economy displaying resilience under pressure from hiking interest rates and uncertainty caused
Financial technology is undergoing rapid and transformative changes with the key drivers being the rise of cryptos, greater use of AI, cybersecurity and mobile payments. As we look ahead to 2024, several
After extensive deliberations and preparations spanning several weeks, Israel has approved the establishment of a humanitarian aid corridor between Cyprus and Gaza, marking the launch of the first mission of the government’s
By Justin Begley, Moody’s Analytics Despite a resilient U.S. economy, the mood on Main Street continues to be dour. In November, the NFIB’s small business optimism index ticked down slightly to 90.6
It took several years of hard-fought negotiations among social partners in Cyprus to conclude a national minimum wage, set in stone earlier this year, with an option to increase it in the
By Moody’s Analytics The December meeting of the Federal Open Market Committee was the most dovish since the post-pandemic tightening cycle began. The fed funds rate, as anticipated, was held unchanged. Wednesday’s
Unions and employers failed to agree to a common increase in the national minimum wage on Friday, with Labour Minister Yiannis Panayiotou calling stakeholders to a new meeting next week, days before
