Cyprus economy facing ‘double whammy’

  European economies like Cyprus are facing the “twin problem” of rising commodity and energy prices and heightened uncertainty following the invasion of Russia in Ukraine, experts argued. “The war really threatens the

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High inflation is the future

Economists and authorities in Cyprus are increasingly concerned an inflation surge hitting the island will become a tidal wave, lasting for some years as a “de-globalisation” process is set into motion. Government

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Government committed to national minimum wage

President Nicos Anastasiades’ administration remains committed to introducing a national minimum wage before the end of its term, reaffirmed Labour Minister Zeta Emilianidou. Following a meeting of the Labour Advisory Body set

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Inflation biggest threat to recovery

Finance Minister Constantinos Petrides fears the current energy crunch fuelled by the war in Ukraine will be difficult to tame, comparing it to the oil crisis in the 1970s. Addressing the 12th

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