Consumers have been told to brace for a ‘perfect storm’ on prices of essential goods, particularly food and fresh produce, as an increase in demand following the pandemic, rough weather conditions and
The “what makes” Halloumi saga is far from over, as the government and stakeholders prepare for a legal standoff over how the island’s traditional white cheese should be produced. Halloumi’s PDO (Product
Lawyers, auditors, and accountants have taken a direct hit from the war in Ukraine and sanctions imposed on Russia, estimating revenues have shrunk 15% in the aftermath of the conflict. The EU
A government deal with Limassol port management to avoid a hefty 16% increase in tariffs in exchange for taking over a €5 mln loan is under scrutiny by the Audit Office for
In the aftermath of Russia’s invasion of Ukraine and sanctions could inflict wounds on the Cypriot economy, including trade, higher fuel prices and the key tourism sector where 22% are Russia and
Cypriot consumers have seen their purchasing power reduce by more than 5% compared to a year ago as inflation hit a 13-year record high in January. If this wasn’t bad enough, consumers
Cyprus has joined forces with 16 other EU states for a series of initiatives to attract top technology talent from third countries as it courts more Big Tech and Fintech firms. Invest
Cyprus tourism stakeholders are upbeat over the prospects of the holiday season, with the island’s two largest markets, Britain and Russia, booking a return. In comments to the Financial Mirror, Deputy Minister
Cyprus is trying to end the Halloumi saga by swatting away legal objections to the squeaky cheese’s future as an EU Protected Product of Origin brought by industry stakeholders. The Agriculture Ministry
A European Union directive to reduce the size of homes entitled to lower 5% VAT endangers the recovery of the construction sector and the economy, say, real estate experts. According to a
