Dairy producers can make Halloumi spinoffs, such as burgers and fries, under the EU-approved Product of Origin file (PDO), following a decision by the Ministry of Agriculture. The ministry approved the latest
Cyprus’ economy will be the fifth best in the European Union with a 2023 GDP growth rate of 1.6%, according to the European Commission’s Winter interim Forecast. Only Ireland (4.9%), Malta (3.2%),
Building permits issued in Cyprus from January to November declined by an annual 5.4%, but the total value rose 1.2%, reflecting increasing construction costs amid soaring inflation and supply chain disruptions. According to
The annual inflation rate in January was 7.1%, continuing the deceleration path for the third consecutive month, while the number of unemployed rose 8.6%. January’s Consumer Price Index decreased by 1.42 points
New credit provided by Cypriot banks reached €3.23 bln in 2022, increasing 10% year-on-year despite the uncertainty driven by the war in Ukraine, according to the Central Bank of Cyprus (CBC). Pure
An economic and business policy is not a list of promises about what a presidential candidate will do for every social and professional group in the country to win their votes. Economic
Economic rationalism should not be ignored for populist spending by a new government but maintain a serious fiscal administration and continuity, outgoing Finance Minister Constantinos Petrides warned. “The public service in Cyprus,
Cyprus remains the EU country with the highest stock of non-performing loans (assets) of the general government at 20.2% of GDP, according to Eurostat data. This was due to a large transaction
The endless parade of scandals and the short-term thinking during the Anastasiades administration have created the false impression that their policies have benefited the economy. To grow, do we need to sacrifice
Household debt reached €20 bln, equivalent to 77% of Gross Domestic Product in Q3 2022, marking a slight decrease compared to the previous quarter due to the increase in GDP, according to
