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

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Consumer confidence deteriorates

In April, economic sentiment deteriorated, weighed by a three-year low in consumer confidence battered by a cost-of-living crisis and weaker business activity, according to a University of Cyprus index. The university’s Economic

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Zero VAT on essential items

The government will remove VAT on some foodstuffs to relieve households from inflationary pressures and a hike in interest rates, announced Finance Minister Makis Keravnos. Despite March seeing the lowest inflation rate

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