Economy - Page 15

Cypriot GDP slowing but leaving EU behind

The Cypriot economy maintained strong momentum in the first quarter of 2023, with real GDP registering an annual growth rate of 3.4%, the second highest in the EU. There are signs of

18th May 2023

Cyprus/Economy

Social partners sign landmark CoLA deal

Social partners have settled a dispute over the Cost of Living Allowance (CoLA), by accepting the mediation proposal tabled by Labour Minister Yiannis Panayiotou. The island’s four main trade unions – SEK,

12th May 2023

Cyprus/Economy

CoLA deal ‘around the corner’

Social partners are reportedly ready to settle a dispute over the Cost of Living Allowance (CoLA), by accepting the mediation proposal tabled by Labour Minister Yiannis Panayiotou. According to news reports, Panayiotou’s

11th May 2023

Cyprus/Economy

Car sales up 23% in Jan-April, deliveries catch up

Car sales in the first four months of 2023 have increased by 23.4% compared to the same period last year, giving hope to importers that the market is reviving following a tough

10th May 2023

Cyprus/Economy

Halloumi PDO protection in jeopardy again

EU court backs Bulgarian and Swedish rivals in Halloumi trade war Cyprus has lost its first halloumi battles in European courts since the island’s traditional cheese was granted the status of a

7th May 2023

Cyprus/Economy/Life & Society

One step closer to CoLA agreement

Labour Minister Yiannis Panayiotou on Friday appeared optimistic that unions and employers are one step closer to settling a dispute over the Cost of Living Allowance (CoLA), despite sides clinging to their

6th May 2023

Cyprus/Economy

DBRS: Cyprus stability programme signals fiscal policy continuity

The new government has presented its first official medium-term budgetary targets since taking office on February 28, with rating agency DBRS Morningstar saying it signals fiscal policy continuity. While the election of

6th May 2023

Cyprus/Economy

Zero VAT on bread, milk, essentials from Friday

Consumers will be paying zero VAT on a number of essential commodities for the next six months as of Friday, as the government introduces its latest measure to relieve households from ongoing

4th May 2023

Cyprus/Economy

Moody’s sees Cyprus as ‘potential rising star’

Moody’s has identified Cyprus as a “potential rising star” to see its rating raised to ‘investment grade’ after 11 years of lingering in junk mode, according to a report released on Monday.

2nd May 2023

Cyprus/Economy

Highly paid Ukrainians upset property market

Almost 10,000 highly skilled and highly paid Ukrainian refugees have joined the island’s work force, paving the way for a number of socioeconomic and demographic changes to the structure of Cypriot society.

2nd May 2023

Cyprus/Economy/Property