Tourists from Switzerland and Denmark were the biggest spenders in Cyprus in November, paying €140.33 and €116.81 per day, respectively, a third more than the daily average expenditure of €80.7, according to
Consumers in Cyprus are increasingly turning to plastic money, reflecting the transformative impact of digitisation and emerging technologies in the payment landscape, according to a European Central Bank report. In the first
President Nikos Christodoulides’ announcement of the government’s year-ahead strategic plan to support society and the Cyprus economy, has garnered more criticism than support. One after the other, opposition parties took multiple shots
Economic sentiment in Cyprus recovered to year-ago levels in January, mainly driven by confidence gains in services, having dropped in the previous month, according to a monthly survey compiled by the University
By Michael Olympios A new debate has erupted in Cyprus between the trade unions and the Minister of Finance over the automatic wage indexation policy, better known as the cost of living
Real GDP growth in Cyprus is estimated to have slowed from 5.1% in 2022 to 2.4% in 2023, with economic growth projected to stay at 2.4% this year and to improve to
Cyprus soon to feel impact of Red Sea disruptions Market stakeholders warned against early celebrations over a downward trend in inflation, citing that ongoing attacks by Yemen’s Houthi rebels on vessels
Despite the loss of tourist markets due to the wars in Ukraine and Israel, Cyprus kept its head above the war clouds, as it welcomed just below the all-time record 3.97 mln
Owning a home is fast becoming a nightmare for investors in Cyprus, especially young couples yearning for their first home, as the interest rate on housing loans has surged past the 5%
Developers focussed on meeting heightened housing demand The construction sector in Cyprus is being driven by a rising demand for apartments from both local and international buyers, according to developers who
