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,
The inflation rate dropped by 1.4 percentage points in January, compared to the previous month, as consumers were given a respite from hiking fuel prices. According to the latest data released by
Cypriot families are digging deeper into their pockets to make ends meet at the end of the month than others in major European countries. According to Numbeo data, compiled by Phileleftheros daily,
President-elect Nikos Christodoulides will have his hands full trying to keep the peace among social partners, as trade unions are pressing for remedies to incomes under threat. With the restoration of the
Elected President Nikos Christodoulides is expected to continue the government’s fiscal discipline and rollout economic reform, said an analysis by rating agency Moody’s. The former foreign minister is described as independent and
In the fourth quarter of 2022, GDP growth in Cyprus was estimated to have increased by 1.1% compared with the previous quarter, while EU growth was static. This compares with a 0.1% increase
