Consumers were given a respite from hiking prices of essential goods in June powered by the war in Ukraine, which started last year, as 80% of products saw a decrease. According to
Trade Unions are demanding to unionise staff at Europe’s first super casino resort, City of Dreams Mediterranean, officially opened by President Nikos Christodoulides in Limassol. The employer considers it has the legal
The four-day week is gaining traction, as civil servants’ union PASYDY has officially tabled a demand to test drive the idea during the summer in a meeting with the Finance Ministry last
Cyprus’ annual inflation reached its lowest level in 25 months in June, hovering at 1.9%, mainly due to the decline in food prices. According to the Statistical Service, the Consumer Price Index
According to seasonally adjusted data, the number of registered Cyprus unemployed individuals in June reached its lowest level in the past 17 months. Based on the data maintained by the District Labour
Total new loans in May spiked to €1.07 bln, more than double the previous month due to renegotiated loans for which new contracts were signed, while fresh new credit rose to €536.5
The Labour Ministry will review regulations governing retail shops’ operating hours, including the right to remain open on Sundays, 10 years after its introduction. Following a meeting with the small shopkeepers’ union
An increase of 7.2% was observed in the average gross monthly earnings of Cyprus employees in the first quarter of 2023 compared to Q1 last year, with men still paid more than
In June, economic sentiment improved as uncertainty among consumers was at its lowest ebb for three years, buoyed by business confidence and the services sector revival. According to the Economics Research Centre
Cyprus dropped five places in the IMD World Competitiveness Center rankings for the third consecutive year, falling from 40 to 45th out of 64 countries. This year, Cyprus has reached its lowest
