Cyprus is heading into an uncertain 2023, but economists argue the economy can remain resilient, as it has proven in the past. In comments to the Financial Mirror, economist Marios Soupashis said
Cypriots strolled into 2022 hoping to see better days following two years of COVID restrictions; instead, they braved hiking inflation powered by the Ukraine war eating away at their purchasing power. Also,
Retailers are pleased with footfall in the shops recorded in 2022, especially over the holiday season when consumers headed to stores for their Christmas shopping boosted by their thirteenth salary. Talking to
Local election results in the north have signalled that pro-solution powers are alive and kicking, as opposition parties overwhelmingly won the majority of mayorships, analysts said. The social democrat Republican Turkish Party
Cyprus’ real estate sector will stabilise after hitting a record number of sales since 2008, as a growth trend following the pandemic is halted by rising building costs and interest rates. According
Cypriot start-ups no longer have to rely on banks to obtain finance, as a ground-breaking crowdfunding platform offers local entrepreneurs an alternative way to raise capital. In a first for Cyprus, Crowdbase,
Kassatly Group Holding, a major player in the regional beverage sector, will expand to Cyprus next year, boosting its manufacturing and exports while putting the island on the radar of other major
Despite news of big cryptocurrency trading platforms casting their vote of confidence in Cyprus, local stakeholders feel differently as they argue the island is unfriendly to crypto businesses. Cyprus’ ambition of becoming
The Turkish Lira dived against the dollar this week as the Turkish state took control following the conviction of Istanbul’s Mayor, the biggest threat to President Recep Tayyip Erdogan’s 2023 re-election. The
Good news for the local shipping industry, as a major ship-owning company registered in Bermuda and listed on the New York Stock Exchange has reportedly initiated the transfer of its activities to
