No European nation has increased their concentration of brain business jobs faster than Cyprus since 2014, according to the European Centre for Entrepreneurship and Policy Reform. Brain business jobs are considered essential,
As the European Central Bank decides to push up interest rates by another 50 basis point Cypriot banks are prepping to push up interest rates on deposits, acknowledging the increase in interest
The number of job vacancies dropped 19% in the fourth quarter last year, down by 1,822 to 7,821, compared to the same period in 2021, with the biggest demand in the ‘accommodation and
The new European framework for crypto asset companies should pass in May, with the bigger players expected to welcome this change, the Cyprus financial markets regulator said on Wednesday. George Theocharides, head
The upgrading of Cyprus’ long-term credit rating by one notch with a stable outlook citing outperformance of fiscal balance and growth rate, is an important development, said President Nikos Christodoulides. He credited
The Cypriot economy is expected to grow by 2.5% GDP in 2023, well above the euro area average of 0.5%, said Central Bank governor Constantinos Herodotou. Herodotou said the economy showed notable resilience in 2022, recording
The Commerce Ministry will introduce an online application to stamp out profiteering by supermarkets and bakeries while offering consumers real-time information on the prices of 1,500 products. Commerce Minister George Papanastasiou delivered
Cypriots have yet to feel the drop in inflation pressures, as households continue to spend more money every month for food, as the cost of living still bites. At the same time,
Cyprus’ economy slowed in 2022; however, the island’s Gross Domestic Product continued to grow past €24 bln, surpassing pre-coronavirus 2019 levels. According to the data released by the Statistical Service, the economy
Cyprus’ central government debt dropped to €23 bln, marking a reduction of 3.9% year on year, according to the Public Debt Management Office (PDMO). Government debt is over 99% of total debt,
