The President of the European Central Bank (ECB) Christine Lagarde, during her visit to the island on Wednesday, appeared confident that Cyprus would recover from the setbacks of the coronavirus pandemic and
In the last quarter of 2021, the average hourly labour cost in Cyprus was estimated to have edged up by 1.6%, compared with the same quarter of the previous year, according to
Rising prices of raw materials in Cyprus are largely to blame for a growing trade deficit, wider by almost €349 mln in 2021 from 2020, reaching €5.24 bln. Despite a greater rate
The island’s battered tourism industry is trying to recover from the coronavirus, as well as the impact from the war in Ukraine and sanctions on Russia, as it gets off to a
Paphos remains an attractive destination for British tourists despite the increase in the costs of goods and services around the world, as a UK survey rates the town as the fifth best
Consumers have been told to brace for a ‘perfect storm’ on prices of essential goods, particularly food and fresh produce, as an increase in demand following the pandemic, rough weather conditions and
A leading indicator that serves as an early warning signal for changes in Cyprus economic activity, saw a year-on-year growth in February, prior to the full scale of the current crisis with
Rising prices of raw materials in Cyprus are largely to blame for a growing trade deficit, wider by almost 20% in January, compared to the same month last year, according to stakeholders.
Cyprus expects to be hit the hardest in the sectors of tourism and energy supplies, a senior government official told the EU finance ministers’ meeting (Ecofin) in Brussels, echoing warnings from rating
The Finance Ministry has revised its inflation forecast for Cyprus this year from an initial 1.5% to 4%, amid a hike in fuel prices in the aftermath of Russia’s invasion of Ukraine.