May economic sentiment improves

Economic sentiment in Cyprus improved slightly in May, with the monthly Economic Sentiment Indicator (ESI-CypERC) up by 1.1 points from April due to stronger business confidence in services. However, at 106.1 points,

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Cabinet to decide on cost-of-living measures

There were no decisions Friday on measures to buffer hiking inflation, diminishing Cypriots’ purchasing power, as the government postponed action until next week. Following the meeting on Friday, government spokesperson Marios Pelekanos

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EU halves Cyprus 2022 GDP growth to 2.3%

Cyprus’ GDP growth will slow considerably as the war in Ukraine pushes inflation to unprecedented heights, according to the European Commission. In its Spring forecasts on Monday, the European Commission revised its

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