Ending a bad week on a positive note

By Craig Erlam The stock market recovery has stalled this week, despite indices ending on a positive note as investors digest the latest speak from central banks. Naturally, front and centre is

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Essential goods more expensive in north

Turkish Cypriots are enduring one of their worst financial crises in recent years, with inflation officially hitting 83.94% in March, turning essential goods into luxury items that carry a price tag much

Cyprus to issue its first Green Bond

Cyprus will issue its first-ever Green Bond, as the cabinet approved a proposal tabled by Finance Minister Constantinos Petrides. According to a cabinet decision, the Finance Minister has been authorised to launch

COVID19: Death toll rises to 971

The Health Ministry on Friday revised its COVID-19 death count after reviewing data reporting an additional 19 deaths over the past year, raising the total since March 2020 to 971 from 952.

Markets snooze into week’s end

By Jeffrey Halley New York had a relatively quiet session overnight, with Europe’s announcement that its next round of sanctions would include Russian coal imports, having no impact on energy prices. A

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Inflation hits record high 7.1% in March

Increases in petrol prices, electricity and other utility bills, fruit and vegetables have driven inflation up in March to a record 7.1%, according to the Cyprus Statistical Service. Inflation continued its upward