Cypriots are being squeezed out of the property market as they can’t afford climbing rents. Hiking construction costs and interest rates are making homes unaffordable, with the need for the government to
State borrowing must be reduced, says Fiscal Council The Fiscal Council, advising the Cyprus government on economic policies, has renewed a warning call that borrowing from the Social Insurance Fund has reached
Junior ministry confident despite challenges ahead Cyprus’ tourism boss, Costas Koumis, is confident that the island will keep its head above war clouds in 2024, with arrivals expected to come close to
Concerns rise as consumers grapple with high cost of living The consumers’ association is deeply concerned over the rise in the cost of living, as a deceleration of inflation seems to be
Cyprus soon to feel impact of Red Sea disruptions Market stakeholders warned against early celebrations over a downward trend in inflation, citing that ongoing attacks by Yemen’s Houthi rebels on vessels
Developers focussed on meeting heightened housing demand The construction sector in Cyprus is being driven by a rising demand for apartments from both local and international buyers, according to developers who
The island’s traditional cheese PDO status at stake The future of Cyprus’ flagship export, halloumi, is hanging in the balance as EU courts are set to rule on February 21 on
Developers embrace government incentives for affordable housing Developers in Cyprus have welcomed the Cabinet’s approval of a set of incentives for the construction of affordable housing units, promising a dynamic shift in
2024 has challenges and opportunities for Cypriot businesses Cyprus businesses are facing a significant task ahead as environmental, social and governance (ESG) policies take centre stage in Europe’s regulatory landscape. According
The halloumi wars are not over, with another episode of the saga unfolding days before Christmas. This time, the island’s cheesemakers have decided to shut down their dairy plants to protest the
