Annual March inflation drops to 6.1%

The annual inflation rate in Cyprus was 6.1% in March, down from 6.7% in February, according to data published by Eurostat. The Harmonized Index of Consumer Prices (HICP) rose by 6.1% since

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Government mulling zero VAT on some items

The government is considering removing VAT on some foodstuffs to relieve households from inflationary pressures and a hike in interest rates. Despite March seeing the lowest inflation rate for 13 months, households

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President to launch EU Cyprus problem tour

President Nikos Christodoulides will visit fellow EU member states to encourage more active European involvement in breaking the six-year deadlock in Cyprus problem talks. “We consider the situation at this juncture favours the

Cyprus vows to prosecute Russian oligarch ‘enablers’

Cyprus is committed to prosecuting any Cypriots accused by the US and Britain of enabling Russian oligarchs to bypass sanctions over Ukraine, government spokesperson Constantinos Letymbiotis said Tuesday. Ten Cypriot-born ‘financial fixers’

Warmest day of the year

Cyprus has recorded its warmest day of the year, with temperatures rising to a scorching 34C inland, following Easter Monday’s 32C, but will subside from Wednesday to normal levels of 24-26C. The

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Cypriot family in Sudan safe at home

A 10-member Cypriot family remain safe at their home in Khartoum during armed fighting in Sudan, the Foreign Ministry confirmed to CNA on Tuesday. Foreign Ministry spokesperson Theodoros Gotsis told CNA the family had

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