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
In response to the increase in interest rates, we’ve observed several budget adjustments among borrowers. Also, property buyers are currently opting for more deliberate and considered purchases. This means the duration required
There should be little surprise in government that several years of negative messaging about the irregular migrant ‘tidal wave’ transcended into extremist violence in Chlorakas. What the politicians failed to grasp, and
Despite the Central Bank’s optimistic view of an increase in the Cyprus economy’s GDP growth, from 2.6% this year to 3.1% by 2025, the employers’ federation and the main Opposition party are
It is a fact that in recent years, there has been a noticeable increase in the level of residential rents, especially in those located within town centres and universities or colleges. On
