Labour Minister Yiannis Panayiotou is poised to issue a decree that will raise the national minimum wage in Cyprus to nearly €1,000, affecting approximately 25,000 low-paid workers in the private sector. The
Americans own 714 mln, or nearly one-third of all Mastercard and Visa credit cards worldwide according to data presented by AltIndex.com. As of Q3 2023, there were nearly 2.4 bln Visa and
Capital Intelligence Ratings has upgraded its outlook for Bank of Cyprus to ‘positive’, raised its financial strength rating by a notch and affirmed other metrics, a week after S&P Global Ratings also
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
