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
Consumers in Cyprus will be called to dig even deeper into their pockets as inflation is set to take off once again, following commercial disruption caused by the attacks of the Yemen-based
Sales of saloon cars reached their highest level since 2019, signalling a rebound of the car market after four years of declining trends. By engine type, electric vehicles (EV) and hybrids saw
The Fiscal Council, a government financial watchdog, is optimistic over the island’s short-term economic outlook, but expressed concerns about potential risks as ‘unpleasant surprises’ may be in the cards for 2024. Michalis
The island’s traditional cheese PDO status at stake The future of Cyprus’ flagship export, halloumi, is hanging in the balance as EU courts are set to rule on February 21 on
The economic sentiment indicator (ESI-CypERC) dropped in the last month of the year, driven by weaker business confidence in services and construction, a reversal of the November index and for the same
The growth prospects of the Cyprus economy seem to be struggling, impacted by ongoing regional geopolitical tensions, which is keeping the annual growth rate at a subdued pace, according to leading indicators
More Cypriots than ever are gearing up for festive celebrations abroad, as travelling, at least to the EU and the UK, is no longer a luxury, according to the Association of Cyprus
