Households emptying savings accounts 

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

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November economic sentiment improves

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.

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Bundesbank chief to visit

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

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Q3 GDP growth at 2.2%

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

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Dining out becomes challenging

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

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Inflation decelerates in October

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

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