Turkish Cypriots eye euro as lira crumbles

Turkish Cypriots are eyeing a transition to the euro as the tumbling Turkish Lira is destroying their economy as they see their earnings vanish while inflation spirals. As prices for essential goods

Cyprus vegan start-up

A Cyprus start-up company hopes to contribute to a food revolution, moving away from a meat-based diet to a more sustainable plant one, satisfying the taste buds of everyone. The Mighty Kitchen,

Residential property demand on the rise

Residential property sales are on the rise, with Cyprus real estate stakeholders confident that an upward trend in demand and, consequently, prices recorded in 2021 will continue next year. Although short of

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Turkish Cypriots crushed by falling Lira

The tumbling Turkish Lira is taking the Turkish Cypriot economy along with it, as the community sees inflation send prices for essential goods through the roof. The Lira has been breaking unwanted

Minimum wage possible next year

With some resistance, the Cyprus government, trade unions, and employers are getting down to the nitty-gritty of the thorny issue of introducing a national minimum wage. The Labour Ministry is determined to

Turkish Cypriot EU halloumi woes

Turkish Cypriot cheesemakers say they have been squeezed out, as the island’s iconic cheese halloumi comes under the shield of the European Union as a product of Protected Designation of Origin (PDO).

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Hike in building costs threatens recovery

Real estate and construction stakeholders want the government to soften the blow delivered by an “abnormal” increase in construction costs, warning that development could screech to a halt. A leading developers’ lobby

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