Cypriots can expect an Easter shock as food prices rise, according to the latest survey by the Consumer Protection Service, while market stakeholders warn of further hikes. According to the Commerce Ministry’s
The Central Bank is concerned over a possible rise in non-performing loans following a series of increases in interest rates, as it calls on banking institutions to take pre-emptive measures. Cyprus Central
Businesses in Cyprus say they are being pushed to the brink as rising interest rates are adding to their other problems of increased costs of raw materials. Cypriot banks’ practice of keeping
Supermarkets and retailers have signalled a new wave of price hikes on commodities, especially foodstuffs, as goods importers are considering adjusting their invoices quoting increased costs. Marios Antoniou, general secretary of the
No European nation has increased their concentration of brain business jobs faster than Cyprus since 2014, according to the European Centre for Entrepreneurship and Policy Reform. Brain business jobs are considered essential,
As the European Central Bank decides to push up interest rates by another 50 basis point Cypriot banks are prepping to push up interest rates on deposits, acknowledging the increase in interest
The number of job vacancies dropped 19% in the fourth quarter last year, down by 1,822 to 7,821, compared to the same period in 2021, with the biggest demand in the ‘accommodation and
The new European framework for crypto asset companies should pass in May, with the bigger players expected to welcome this change, the Cyprus financial markets regulator said on Wednesday. George Theocharides, head
The upgrading of Cyprus’ long-term credit rating by one notch with a stable outlook citing outperformance of fiscal balance and growth rate, is an important development, said President Nikos Christodoulides. He credited
The Cypriot economy is expected to grow by 2.5% GDP in 2023, well above the euro area average of 0.5%, said Central Bank governor Constantinos Herodotou. Herodotou said the economy showed notable resilience in 2022, recording
