Next June, the twin European Parliament and municipal votes will be much more than electing new mayors, councillors, or the island’s six MEPs. Apart from the ongoing reform that will result in
The ECB announced its decision to raise the three key interest rates by 25 basis points amid persistent inflation, which “is still expected to remain too high for too long.” According to
Unemployment has decreased from 20% (2013) to 6%, and there is a trend of continuous decline. At the same time, there are serious shortages in various sectors, such as construction, e.g., craftsmen,
Ironically, the one time the police took right-wing extremist violence seriously, the protestors didn’t turn up, and those non-Cypriot-looking people told to stay indoors could come out of hiding. Although the left
During the past decade, halloumi exports have increased tenfold to reach a whopping €284 mln and are expected to rise further, thus becoming a steady pillar of the island’s economic growth. Speaking
Oil prices surged to over $90 a barrel this week as Saudi Arabia and Russia extended their 1.3 million barrel per day oil cut through to December. The oil price has hit the highest
The unprecedented attack by the Turkish Cypriots against members of UNFICYP in the buffer zone highlights their efforts to challenge the functions of the UN force in Cyprus by a decision to
It matters when the tourism sector faces enormous challenges. In the early years when tourism became an industry, many called it the hen laying the golden eggs. In the 1970s and ’80s,
The European Commission thinks the natural gas crisis has gone away. However, many energy-intensive companies have either closed or reduced production after being unable to cope with higher energy prices, especially as
Increasing construction costs, the limited supply of suitable units in residential or central areas, VAT, and the lack of title deeds have turned the market’s interest in acquiring older homes. In most
