The government will add more commodities to a list of essential products carrying zero VAT to ease the cost-of-living crisis. Two weeks after introducing the first list of items with zero VAT,
Adjusting wages to meet inflation with automatic mechanisms such as the Cost-of-Living Allowance will not solve the real problem of income inequality with low-earners not seeing their earnings improve for a decade,
The Cypriot economy maintained strong momentum in the first quarter of 2023, with real GDP registering an annual growth rate of 3.4%, the second highest in the EU. There are signs of
Social partners have settled a dispute over the Cost of Living Allowance (CoLA), by accepting the mediation proposal tabled by Labour Minister Yiannis Panayiotou. The island’s four main trade unions – SEK,
Social partners are reportedly ready to settle a dispute over the Cost of Living Allowance (CoLA), by accepting the mediation proposal tabled by Labour Minister Yiannis Panayiotou. According to news reports, Panayiotou’s
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
