Talk of China laying ‘debt traps’ for emerging markets that would trigger a wave of defaults are “overblown”, said the CEO of a leading independent financial advisory and fintech, following warnings in
Cyprus reported six deaths in the weekly Covid bulletin on Friday, with new cases inching up to 1,814, some 40 more than the week before. The Health Ministry said the latest victims
Petrol station owners joined consumer outrage over more price shocks as pump prices on Friday went up by another 6-9 cents per litre. In comments to CyBC TV, the Cyprus Petrol Station
New credit granted by Cypriot banks dropped by nearly 50% in April compared with the previous month, pushed downward by a big reduction in housing loans. According to data published by the Central
With the largest number of troops ever sent abroad, the Israel Defence Force simulated military activity in ‘enemy territory’ in Paphos to wrap the largest ever war games with Cyprus amid criticism.
Cyprus travel agents fear the wave of delays and flight cancellations at UK airports may lead to the Mediterranean island’s loss of future holiday bookings. British holidaymakers have seized the opportunity of
Hospitality is the driving force behind the economy’s 5.6% GDP growth in the first quarter of the year, as other sectors struggle to recover following two years of COVID restrictions. The recovery
Cyprus has the means to become a destination that respects the environment by reducing plastic waste, with 38% of the island’s habitat protected, said Tourism Minister Savvas Perdios. Perdios believes “Cyprus has
Cyprus is witnessing the highest inflation rate recorded in four decades, with May equalling the 9.1% registered in February 1982. The highest inflation rate Cyprus endured was 10.8% in 1981. The news
Cyprus growth is hindered by the Ukraine war fallout, but partial recovery in exports and private consumption will see a 2% GDP rise in 2022, the International Monetary Fund forecasts. It said
