Cyprus’ GDP growth rate for 2023 will be 2.4% and annual inflation is anticipated to reach 3.9%, with the island’s economy displaying resilience under pressure from hiking interest rates and uncertainty caused
Russian investor returns with ‘Larnaca Tower’ plans, boosting city’s transformation Larnaca’s pursuit to catch up with the rapid development in other towns could get a significant boost from the return of
Unions and employers failed to agree to a common increase in the national minimum wage on Friday, with Labour Minister Yiannis Panayiotou calling stakeholders to a new meeting next week, days before
A public sector labour crisis may have been averted as the government sees eye to eye with unions representing civil servants campaigning for pay raises for 9,000 low-paid state workers. The Finance
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
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.
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
Cyprus’ annual financial net worth stands at -€26.622 billion, according to Statistical Service data. It said the total assets of the economy in financial instruments was €686.92 billion at the end of
Cyprus GDP growth is expected to slow in 2023 but gradually pick up over the next years, while inflation should subside, according to the EU Autumn Economic Forecast. On an EU level,
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
