Price inflation rose 8.1% in 2022

The Harmonised Index of Consumer Prices (HICP) rose 8.1% last year compared to 2021, driven by higher energy bills and pump prices. In December alone, the HICP increased by 7.6% compared to

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Skills shortage driving unemployment

Unemployment is rising, with stakeholders in the labour market saying there is a mismatch between vacancies and jobseeker skills, as employers cannot find qualified staff. A recent CyStat survey showed the number

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Economy grows by 6% GDP

Cyprus’ economy has grown by 6% GDP in the first nine months, despite the ongoing fallout from the war in Ukraine and the subsequent sanctions on invading Russia, said the Central Bank.

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Job vacancy rate drops to 2.2%

The job vacancy rate in the third quarter was 2.2%, down from the previous quarter (2.7%) and Q3 2021 (2.4%), according to the Cyprus Statistical Service. The number of job vacancies in

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