Soaring building costs shackle recovery

Cyprus real estate and construction sectors are stressed from skyrocketing prices of building materials, making it harder to recover from the pandemic and scrapping of the ‘golden passports’ scheme. According to the

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National minimum wage above €924

Cyprus will introduce a national minimum wage next year, as social partners are set to agree on the monthly income for workers that could be closer to €1,000 a month. According to

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Bank deposits increased to €51.2 bln

Cyprus bank deposits in November increased 5.8% annually while loans decreased, according to Central Bank data. According to the data, total deposits in November recorded a net increase of €480.8 mln, compared

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Fuel sales take off in November

Sales of petroleum products in Cyprus have taken off, as they recorded an increase of 24.9% in November 2021, compared to the same month in 2020, with 115,658 tonnes of fuels sold,

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