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
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
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
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
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
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.
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.
Capital Intelligence Ratings has affirmed the Republic of Cyprus’ long-term foreign currency rating (LT FCR) and short-term foreign currency rating (ST FCR) at ‘BBB-’ and ‘A3’, respectively, saying that the outlook on
Revenue from Cyprus’ ship management industry continued its upward trend in the second half of 2022, reaching €648 mln, up by 25.6% year on year. Throughout 2022, revenue from ship management amounted to
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
