Household consumption spending rising

European Union household consumption expenditure saw the second largest annual increase in Cyprus, with almost 13% behind Croatia (21.2%), according to Eurostat. In 2021, household consumption expenditure in the EU increased by


Turkish Cypriots defy ‘Islamification’

Turkish Cypriots took to the streets this week, despite heavy rain, to protest the “Islamification” of their community after Turkey appointed religious authorities to preach conservative Islamic rhetoric to those attending mosques.

Central Bank warns over private debt

Cyprus Central Bank governor Constantinos Herodotou called for awareness over rising private debt as the economic outlook deteriorates due to the prolonged Russian invasion of Ukraine. Herodotou called for increased vigilance to


Cyprus, Austria common strategy on migrants

Cyprus and Austria will submit specific proposals next week on issues of cooperation with third countries on migrant returns and voluntary relocation, said Interior Minister Nicos Nouris. He was speaking after a meeting


Renewable use below EU average

In Cyprus, the share of gross final energy consumption from renewable sources improved to 18.4% in 2021 but is still below the European average of 21.8%. However, it has increased steadily since 2004