Cypriot families find it impossible to squirrel away any savings as they grapple with hefty loan payments and sky-high interest rates as household deposits decline for a fourth month. According to the
The Economic Sentiment Indicator (ESI-CypERC) improved in November, compared to October, mainly due to strengthening business sentiment in the services and construction sectors, according to the University of Cyprus Economic Research Centre.
The President of Bundesbank, Dr Joachim Nagel, will be in Cyprus for several key meetings next week. The Head of the Central Bank of Germany – considered among the most influential figures in financial matters in
Cyprus’ annual financial net worth stands at -€26.622 billion, according to Statistical Service data. It said the total assets of the economy in financial instruments was €686.92 billion at the end of
Cyprus GDP growth is expected to slow in 2023 but gradually pick up over the next years, while inflation should subside, according to the EU Autumn Economic Forecast. On an EU level,
The Cypriot economy’s seasonally adjusted annual GDP growth rate reached 2.2% in the third quarter, maintaining the same level as Q3 2022 but showing a lower quarterly growth than in Q1. According
As the cost of living surge takes its toll, keeping up a vibrant social life has become an arduous endeavour, as dining out and ordering food are becoming increasingly elusive luxuries for
A settlement of the Cyprus problem would boost economic activity and remove instability, which blocks investments, officials from the European Commission and the World Bank told the Economist Summit. “As every economist
Trade unions claim Labour Minister Yiannis Panayiotou’s proposal to waive a 12% penalty on early pensions if the retiree has contributed at least 40 years of work and contributions at 63 is
Cyprus’ inflation rate showed signs of decelerating in October following two months of price increases, dropping 0.7% to 3.5%. According to data from the Cyprus Statistical Service, the October Consumer Price Index
