The Cabinet approved the 2023 state budget on Friday, with Finance Minister Constantinos Petrides heralding it “the greenest, with the most social benefits” ever submitted by a government. The budget approved by
Business leaders warn the island’s tourism will suffer collateral damage from a quarrel between the government and Cyprus airports operator Hermes over expansion work. The row intensified with the Auditor General’s intervention,
The pension gap between UK men and women stands at 34%, according to a recent survey by TradingPlatforms.com with the data also showing a lack of financial education for the gap. TradingPlatforms’
Business owners in Cyprus are still worried over the growing impact the war in Ukraine is having on the island’s economy, a business to business (B2B) survey carried out by the employers’
International creditors will arrive in Cyprus on Monday in a routine post-memorandum check, ensuring the government’s fiscal strategy is not derailed by COVID and the effects of the war in Ukraine. The
Rating agency DBRS Morning Star has downwardly revised Cyprus’ growth outlook again amid gloomier forecasts for the global performance considering soaring inflation and heightened uncertainty due to the Ukraine war. In its updated forecasts, the
Consequences of geopolitical events to the economy and banking sector have been contained, but the second-round effects are unknown, said Cyprus Central Bank governor Constantinos Herodotou. He argued that uncertainty in an
The government hopes to strike a happy balance between labour union demands to scrap the 12% penalty clause imposed on people who retire early at 63 and the state’s budget. In comments
Cypriot households need more than €2,000 a month to get by, well over the median wage of €1,573, while inflation continues to erode their income. According to a Phileleftheros daily report, an
Total registrations of motor vehicles reached 2,484 in August 2022, recording an increase of 8.1% from 2,298 a year ago, according to the Statistical Service. Passenger saloon car sales rose by a
